The erasure of national sovereignty leads, not to Shangri-La as some would have us believe, but to a supranational consolidated ‘sovereignty’ presided over by banking interests, which is no sovereignty at all. On the contrary, it’s the Town Hall of the Panopticon. Greece is not some idiot uncle who simply needs a loan to get back in the fold. That’s a tragic misread. Greece is the canary in our mine-shaft, loss-leader on the road to global debt servitude. As goes Greece so too will go the world in due course. Others wait in the wings: Puerto Rico, Italy, Portugal, the US. From the back of the cave, distant miners are easily mistaken for canaries.
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