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...right, but the problem with unaccountable power is that the public won't accept that in some cases. The reason why politicians didn't want it is because the
by skippyboxedhero 4y ago
...right, but the problem with unaccountable power is that the public won't accept that in some cases. The reason why politicians didn't want it is because the ECB will almost certainly destroy itself if they go too far down this route (imo, it is already too late, the ECB are doing things that no reasonable person could think is sensible outside the context of bolstering a political union...ironically, you seem to assume that technocrats have no political aims...this isn't the case).
The reason why the Tories introduced the cancer fund was because NICE refused to pay for cancer drugs that worked. The reason why it is was only for cancer was because there were a large number of new drugs that were effective for cancer and NICE refused to sanction them. The only other group of drugs in a similar place was epilepsy, but the number of people who require this medication is significantly smaller (as in, there is one or two people in the UK who need a certain drug). Btw, the reason why NICE don't like spending money on drugs is because that is money that isn't going to staff wages (those unbiased technocrats again).
Btw, there is a govt full of technocrats...China. Everything there is run very efficiently: the corruption, the concentration camps, tracking of political dissidents...all very efficient.
- orwin 4y agoThe ECB took sightly better decisions (more timely let's say) than the Fed in the last 8 years and was a lot better at communicating them than their US counterparts. If you think China's governments are full of technocrats, you just don't understand China at all. Yes, china have technocratic boards (HST and SEZ are the most known projects lead by technocrats), but don't ever forget that China is run by its political power first, military second, its economic power third, and only then their technocrats. And those only have power in complex areas (i can develop if you want to know what I mean). And the technocrats lose more ground to the economic powers everyday. Until the military enter and rebalance everything, it will continue. I'm not even talking about local governors and mayors, if you think they are technocrats and not family members of the military or political, you're dead wrong.