Alt-Coin Trader

It's a return to the Star Chamber as Europe finally tramples Magna Carta into the dust

The founding texts of the English Constitution – charter, petition, bill of rights – have one theme in common: they create nothing. They assert old freedoms; they restore lost harmony. In this they guided America's Revolution, itself a codification of early colonial liberties.

Europe's Constitution – the Lisbon Treaty, as we know it – began as a sort of Magna Carta. EU leaders agreed at Laeken in 2001 that the Project needed restraining after Danes and Swedes rejected EMU, the Irish rejected Nice, and youth torched Gothenburg in anti-EU riots.

People do not want Europe inveigling its way into "every nook and cranny of life", they said. Needless to say, insiders hijacked the process. A Hegelian monstrosity emerged. The text says much about the heightened powers of EU bodies, but scarcely a word to restrain EU bailiffs and constables.

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