The eminent philosopher Harry Frankfurt has issued a small book comprising parts of two essays written some decades ago (On Equality, 2015, Princeton University Press). The stimulus to this publication is the recent work of Thomas Piketty on economic inequality in the developed countries, and Frankfurt’s view that
It is, I believe, of some considerable importance to get clear about these matters. Appreciating the inherent moral innocence of economic inequality leads to an understanding that it is misguided to endorse economic egalitarianism as an authentic moral ideal. Further, it facilitates recognition of why it may actually be harmful to regard economic equality as being, in itself, a morally important goal.
We will see however, that Frankfurt strips the concept of ‘economic inequality’ so bare as to render it meaningless more or less by definition, and that what he does regard as important inevitably brings us back to economic inequality as a highly significant issue as it manifests in the real world. Continue reading Harry Frankfurt Gets It Wrong On Inequality→
Darren McGarvey’s Poverty Safari (Luath Press, 2017) is a very honest and powerfully written account of growing up and surviving amid poverty, addiction and violence in Glasgow. Darren draws from these experiences to make insightful observations about poverty, social deprivation, their causes and potential solutions. Of particular impact on his life was the addiction and violence of his mother, who died of alcoholism at the age of 36. He has escaped economically, if not emotionally, from these circumstances by turning a talent with words into a career as a writer and rap artist.
Violence both inside and outside the home affected the way he thought and behaved, and Darren outlines the role chronic stress, particularly emotional stress, leads to poor lifestyle choices and behaviours in the seeking of brief emotional reprieve. As he says:
A vulnerable family living in constant economic uncertainty, job insecurity or subject to an inhuman sanctions regime often lacks the capacity to absorb, process and practically address life’s unpredictable adversities.
I found myself reading an alarming article by ‘Red Tory’ Philip Blond recently. The piece was a response to the book ‘The Politics of Virtue’, by John Milbank and Adrian Pabst, two academics who have been associated with the Red Tory/Blue Labour nexus that combines, to a greater or lesser degree depending on flavour, social conservatism with economic collectivism. I haven’t read the book, but I don’t think this is important to the points I raise here.
Blond identifies the purpose of Milbank and Pabst’s book as being ‘to challenge the ascendancy of liberalism and recommend a humane post-liberalism that can succeed it’. He criticises a reviewer of the book for failing to see a ‘link between the social liberalism of the left and the economic liberalism of the right’. Blond quotes approvingly from the book the claim that ‘liberalism brings about…an isolated individual abstracted from all social ties and duties’ and himself states:
Liberalism finds its quintessential form in a market state that enforces individualism. The market state must abolish anything that stands in the way of unconstrained freedom; it must eliminate solidarity or shared associations with other people, places, or things…Social liberalism (left-inspired) was necessary to take apart social solidarity in order to make possible its (right-inspired) economic correlate: economic liberalism.
Everyone in British politics, right and left, is now talking about inequality and social justice. But there is much confusion and obfuscation. Specificity is required. Social justice has rather different implications depending on whether it comes from the right or the left of the political spectrum. Leaving aside issues of capital ownership, right social justice essentially relies of the economic concept of the ‘marginal productivity of labour’ (MPL). An individual’s share of society’s material rewards should exactly represent his or her individual contribution to the output of society (usually in effect the output of their employer). Continue reading Equality of Voice – An Introduction→
What is it about ideological free marketeers and their shaky relationship with the facts? Everyone likes markets and free exchange is one of the best manifestations of human co-operation there is – so why tell lies about their limitations and the infrastructure required to make them work for our benefit?
Sam Bowman of the Adam Smith Institute is keen to adapt the often pejorative label of ‘neoliberalism’ to his cheery brand of paid-for market propaganda, and promotes it under this banner in an article in the online i newspaper. He defines a neoliberal as
For most of us, it’s a great boon to live in a world in which travel between even distant parts is relatively cheap and takes hours rather than days, weeks or months. We can visit, explore and learn about places and people we never could have done only 40 years ago. More than that, if things are difficult for us at home this gives us the option to try our fortune elsewhere where resources, attitudes and the style of governance may suit us better.
Is there are approaches which are systematically superior to others then it is entirely to be expected that people finding themselves where these are sub-optimal will, if they are courageous and determined enough, seek to move to those where things are better. In Western Europe and North America we regard ourselves as fortunate in having considerable freedom to say, do and trade what we wish. We think of these as rights to which most global citizens aspire. If we are right about this we must expect the arrival of people from abroad at our ports and airports who would like to live and work in our countries. Continue reading Bad Targets for Policy 2: Immigration→
This is the first blog in a two-part series on ‘Bad Targets for Policy’. The second in the series will be on immigration.
We’ve seen a lot of focus on the ‘costing’ of policies in the parties’ manifestos for the forthcoming UK election. But we must remember that money is only a means of keeping account. Accounts are important but they are not reality. An account of debt is important, but it is not a physical reality. When a government has a debt in its own currency which only it (or its institutions) can issue, its obligations are important but not physically binding. They are not even legally binding, since the debt can be devalued virtually to zero by inflation. It follows that the real implications of government debt are not simply consequences of current government spending and taxation and the gap between them. Indeed these may be among the least important causes.
The real consequences of government debt result from the physical burden implied by the future obligation to transfer some control over a portion of real goods and services from the state to holders of the issued debt, either as interest or in repayment of capital. That debt in the nominal quantity of the national currency (the total amount in pounds or dollars say) is only a starting point. Inflation changes the relationship between that number and the obligation in real goods and services; the changing size of the national economy alters the ability to fulfill a fixed obligation. Continue reading Bad Targets for Policy 1: Government Debt→
Having recently had the opportunity to visit China and combine that with some reading about the country, I’ve come away with some inevitably fairly superficial thoughts about how the Chinese and the West do things differently. While the Chinese government sets limits on voiced or organised challenges to the Communist Party’s control of the country, it seems that most Chinese are able to pretty much get on with their lives as they wish. Having visited the great open spaces at the centre of London, Paris, New York, Berlin and Madrid, it felt disturbing to be shooed off Tiananmen Square at dusk, but otherwise despite the presence of police and soldiers at nearly every turn in central Beijing, I felt able to move around and take photographs pretty much as elsewhere.
I suspect the vast politically apathetic majority of Westerners would feel no restriction of their freedom under the Chinese regime. If the rise of Donald Trump and apparently popular strongmen such as Russia’s Vladimir Putin and Turkey’s Recep Tayyip Erdo?an, along with Brexit, show that the ability to vote is not enough to sustain government by reason then Mao Zedong’s Great Leap Forward and Cultural Revolution show that the lack of a democratic buffer leads to the deaths of millions.
I attended a fascinating meeting last weekend arranged by the East Midlands ‘Blue Labour’* group on the theme of ‘How Do We Champion the Cause of the Working Class?’ There was a panel of academics, journalists and local Labour politicians. I am interested in Blue Labour’s approach because they are the only group within Labour that seems to have a coherent view of how to remodel the economy away from the dominance of financialised capitalism without returning to widespread nationalisation. The essence of this view is that goods and service provision should be based less on anonymous (usually monetary) transactions and more on the basis of relationships. This implies an expansion of co-operative, mutual and stakeholder businesses, and more regional and community input into local, social and health services. I have myself written about why this is important.Continue reading Blue Labour, Relationships and Free Movement→
Just how much cash does the NHS and social care need to prevent the distressing stories of patients languishing on trolleys for hours in A&E departments? Can we possibly afford what it needs, or is it really a ‘bottomless pit’ as often claimed? Do we need to lower our expectations of what can be provided for us? Or does the whole funding system of the NHS need to be overhauled, with charges and/or insurance-style payments? Sadly, we are frequently being directed by politicians’ state-shrinking agendas and commentators’ ignorance towards the wrong numbers and the wrong reading of those numbers, with the result that the wrong answers are given to these questions. The truth is that if we look at things correctly, there is no reason why we cannot have an excellent healthcare system in Britain without any great sacrifice in our enjoyment of the other goods and services that the modern economy has to offer. Continue reading Explaining the NHS Crisis: Lies, Damn Lies and Health Spending→