“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."
Friday, September 19, 2008
Will Today be a Zippity Doo Dah Day?
Britain FTSE 100 is up 8.22%
Germany DAX is up +4.03%
France CAC 40 is up +6.29%
Note: Desert Rat makes a guest performance at 2:40.