Politocracy

As a matter of historical fact, U.S. politocracy didn't begin in 1776, and was not established in a coup d'état later. There always may have been elected officials who were the people's enemies, but they were not sufficiently powerful to exert strong politocratic influence until the twentieth century.

By chance (or fate) the global financial crisis intervened to deliver an inflection point, providing an enabling stimulus (arguably the excuse) for the politocracy to readdress the sovereignty and subsidiarity considerations, which for many years resulted in the laggard status of the free movement of capital, aptly demonstrated by the diversity of economic policies, the kaleidoscopic regulatory structures, the MS influences over capital inflows and outflows, the national direct control over interest rates, the manipulation of foreign exchange rates and the availability of credit, all of which provide many of the funamental levers of MS's monetary policy. An argument could be constructed in support of the hypothesis that the orignial proposals were nothing more than a cynically timed power grab or anschluss by the politocracy, but this would be a shallow view given the certainty and coherency benefits that centralisation could bring.

At the very core of politocracy lies the authentic constitutional tenet of power distribution and mutual checks and balances, fending off the risk of power centralisation and safeguarding justice.'