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I found this article particularly enlightening. I think this paragraph is telling.
This is part of the fun of following politics: the relation to reality is generally delayed, but is always there in the end. Unreal schemes often appear and even dominate for a time - fascism, Communism, the League of Nations are examples. But the truth eventually finds them out. I am sure that the "ever-closer Union" on which the European Union has been built from the beginning is one of these unreal schemes, since it believes in two falsities - uniformity where in fact there is diversity, and the primacy of government over people. The two main instruments by which truth reaches politics are votes and markets, which is why political Utopians instinctively dislike both. In Europe, the voters have told the truth, and now the markets are watching.
Hat Tip to Instapundit
Posted by Ted at June 5, 2005 2:14 PM