Did any see the whole page article in the Independent last week concerning the truths and falsehoods of the proposed EU constitution. It was presented as a ´OK boys and girls let Uncle Independent resolve these issues and put your pretty little heads at rest. ´ No bananas and cucumbers won´t be like this and yes condoms will be like that but it doesn´t matter, and oh! tax, well sure but there isn´t much difference now anyhow. The one and most important issue the Índependent´didn´t-that is couldn´t cover was interest rates-the very heart of capitalist economics-money only exists so that money lending can-why use it otherwise instead of say Gold.

The truth is that the system for setting Interest rates in the EU Central bank is and will be entirely anti-democratic. You can view the Bank´s own web site but you won´t find much info their-very democratic- I eventually found some info on the Telegraphs archive-after much digging!

The board that will set the rate will be made up of the 12 Finance ministers plus 8 bueaucrats each with one vote. This means that all we need is 11 out of the 12 ministers to be centre left and we´re home and dry you think!!!

But oh no, my pretty little heads becouse the EU Bank´s constitution will prohibit the lowering of interest rates to stimulate the economy and reduce unemployment- rates can only be adjusted to lower inflation, in short institutionalised Thatcherism- and you thought you had seen the last of her.

Even Browns current policy of leaving micro adjustments to the Bank of England under the auspices of a macro policy to lower unemployment will be prohibited.

So here we are not the End of History but the end capitalist democracy-and all under the noses of our revered national corporate column writers who are to spineless to tackle the issue!