By Neil Winward
“We’re not interested in Turkey’s enemies, who are hiding behind currency rate speculators, the interest rate lobby, or credit rating agencies. These are not our concern,” Recep Tayyip Erdogan Enemies and Markets There is a story – most likely apocryphal – told by Henry of Huntingdon in the 12th century of King Canute. Canute, of Danish origin and king of England (and Denmark and some of the Swedes) for about twenty years beginning in 1015, is reputed to have set his throne at the sea’s edge and commanded the tide to turn back. Frequently a tale told to demonstrate Canute’s arrogance, it is more likely, since Canute was a very able and effective king, that the gesture was intended to demonstrate the futility of his power and flatterers in the face of greater forces. It is not clear whether the forces being revered were supernatural or simply the secular forces of nature.
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