The new European techno scene.
Monday, 12 December 2011 by Stuart KempsterTechnocracy; n. derived from the Greek words kratia (meaning ‘rule of’) and techno (meaning ‘bad European dance music’)

Europeans have always had an inexplicable affinity with techno. In the 1980s and 90s they had the UFO Club, the Love Parade, Paul van Dyk. Nowadays they’ve got Mario Monti and Lucas Papademos - their love of minimalist electronic beats matched only by their love of minimalist fiscal policy.
The first wave of European techno was a product of its time – advances in electronic instrumentation in the 1980s made musical experimentation possible, and this new direction (I presume) sounded modern and fresh. However I think there’s now broad agreement, amongst all but the heaviest of drug users, that it was rubbish.
The neo-con economic policies of austerity and liberalization were the product of a similar time, coming to prominence in the 1980s as a response to the economic crises of the 1970s. As with European dance music of that era, history has shown that these policies were, for the most part, a very bad idea. (see Argentina).
Yet these are the very same ‘economic solutions’ being offered up by the new-wave European techno-crats. If Einstein’s definition of insanity is repeating the same thing over and over and expecting different results, then the only conclusion to be drawn is that Mario Monti et al are insane. Or that they are the heaviest of heavy drug users.
As Paul Krugman said, possibly more coherently:
…the trouble with the alleged technocrats we’re supposed to rely on isn’t just that they’re uninspiring — it is that they have been wrong about everything, again and again…in Europe, the “technocrats” have consistently ignored their own economic models …calling for fiscal austerity and higher interest rates when their own analyses say that unemployment will be high and inflation subdued.
What I think Krugman is trying to say is that European leaders are in a ‘trance’ like state, refusing to accept that their policies just aren’t working. (Krugman would probably also add, with some justification, that attempting to crowbar trance music into the ‘techno’ analogy is probably stretching it a bit too far.)
Possibly more worrying than the economic repercussions of this new wave techno is the repercussions for democracy. Whatever your views on Papandreou and Berlusconi, they were at least democratically elected. In Papandreou’s case, his ultimate downfall was triggered by having the temerity to suggest that, in the birth place of democracy of all places, the people should have the final say over a decision which would dramatically affect their lives.
To borrow from Krugman again, “we need the right ideas, not the right sort of people”. At the same time as Monti and Papademos were being installed as Prime Ministers of their respective countries, Mario Draghi became the new President of the European Central Bank. All three have previously worked within the European machinery as well as leading financial institutions, namely Goldman Sachs. Given their backgrounds, it’s perhaps not surprising that there’s no new ideas or changes in policy direction coming from these “technocrats”. It’s pretty hard to view their ascent to power as anything other than a financial coup d’état.
If only Europe could heed the words of noted social commentator Marshall Mathers III – “Let go, it’s over. Nobody listens to techno”.


“Human rights are rights inherent to all human beings, whatever our nationality, place of residence, sex, national or ethnic origin, colour, religion, language, or any other status. We are all equally entitled to our human rights without discrimination. These rights are all interrelated, interdependent and indivisible” - UN Office of the High Commissioner for Human Rights











