If the world were "so riddled with fraud that the auditors have felt unable to sign off its accounts" it would largely explain why authoritarianism is back in style. Tyranny is busting out all over because stopping tyrants is bad for business. The Wall Street Journal writes that political rights and civil rights have been declining ever year since 2006. The "annual Freedom in the World report [finds that] In all, 110 countries, more than half the world’s total, have suffered some loss in freedom during the past 10 years."...
This decline is no coincidence. The tolerance of tyranny has been normalized, even in Western democracies. It is more than a little disturbing that president Obama is politically embracing Hillary Clinton just as she expressed delight at the prospect of appointing him to the Supreme Court. But they would understand such quid pro quo in Obama's home town, where according to Chicago Magazine, it has long been custom to buy off gangs in exchange for political support.
The Art of the Deal
Or, why sometimes no deal is far better than any deal at all.
By Grim on Wednesday, January 27, 2016