Here’s a translation of that FT editorial on Ireland that was proudly re-printed yesterday in the Irish Times.
You can forget democracy in Scotland because neoliberal Ireland is where you should really be paying attention.
Other countries need to follow Ireland’s example and smash their welfare states even though the factors in Ireland’s GDP growth have nothing to do with France or Italy.
In fact, Ireland hasn’t really done anything at all to influence economic growth. That has more to do with Mario Draghi and growth in the US and Britain. But the Irish government slashed public sector wages and drove down wages in the private sector too, and it protected the banks while inflicting lengthy suffering on the population, and we at the Financial Times thinks that’s a good thing in itself.
Come to think of it, Ireland is a basket case on many fronts, such as widespread impoverishment and massive public indebtedness as a consequence of bailing out banks, but that’s not important now.
What is important is that multinational corporations can use Ireland as they see fit and take advantage of a financially and organisationally weakened workforce, and that is a good thing in itself.
So, Ireland is recovering strongly, in particular because its people are not, and that is how things should be done, not like in Scotland, where ordinary people seem to think they should have some say in how things are run.