Richard Smith recommended this video by Bill Emmott, the editor of the Economist from 1993 to 2008. Weirdly, I met Emmott in 1985 when he was running the Economist’s Tokyo office. I was an enthusiastic reader of the Economist before Emmott took the helm of the magazine and quit reading it in the early 2000s, after it had moved to the right and had that slant permeating its coverage (and mind you, I was apolitical back then).
I had time to listen to about 2/3 of it. You need to tune out its neoliberal bias (the undercurrent of debt fearmongering, and blaming it on government corruption, when all major governments around the world had their debt levels rise sharply as a result of the global crisis. Par for the course, Emmott wrote:
Italians know austerity is needed, but they want to know and feel that it is leading somewhere, to real change, to a better future.
Lambert quipped: “Which would be why they voted against it.”
Nevertheless, there is a lot of useful detail on the power structure of Italy that may prove useful in interpreting the arm-wrestling of the next few months.