The illiterate gobbledygook in which the latest G20 communique is issued (what does progressive governance have against verbs?) is about to be inflicted upon the country from close quarters as the Prime Minister moves, from meet-and-tell cosyings-up with young admirers in provincial playing fields and off the settees of northern Labour pensioners now retired from their years of unemployment, to seize the centre stage of the election campaign. Gordon has shed Sarah the Carer and escaped from his mandelsonian out of sight out of mind purdah.
We, the country, as the Communique might put it, are going to be told how runs the global economy under Saviour of the World leadership. And because of its very globalism, unfortunate standard of living and life chances outcomes in our United Kingdom economy will be set into the perspective of being a mere and temporary regional blip that will be set right as soon as others fully grasp the interdependencies of the global economy.
As soon, that is, as those who have not incurred consumption debt and have lived within their means, earning their country's living by manufacturing, industrial production, innovation and various services provision within a modern mixed economy, have ended their selfish refusal to incur debt for consumption of what we produce - such as unregulated, verging into criminal, financial services, and gun running, and recognised our contribution to global balanced growth - how much they owe to our borrowing and consumption.
What they must learn is where would they be without us? What we must learn is that it is right to play our part in helping emerging economies onto the sunlit uplands of higher living standards by exchanging freshly printed notes (not the scruffy, been through far too many hands too fast sort) for their goods and natural resources. And we will provide the institutions, the regulation that will ensure the smooth working of the whole. Why, we could be thought of as the Greeks to their..... Mmm, perhaps not Greeks.
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4 comments:
A wonderful - and tragic - post.
Unfortunately, the disparities of wealth in the global economy are fostering the growth of rootless business magnates, to the detriment of the social stability of developed industrial economies.
These magnates have realized (as Rockefeller did, long before) that ownership of distribution is even more powerful than ownership of the means of pruduction; especially when it is accompanied by ownership of the means of communication, as "Chinese" Murdoch understands.
The Fourth Estate's weakness is compunded by the suborning of academia: 20,000 professional economists, of whom only 0.06% understood the significance of debt and foresaw the present crisis, act as berobed yes-men to the sultans of international trade.
Our political representatives have been exposed as venal careerists heavily incentivised to foster the acquis communautaire. In the General Election, we are offered a choice of one, in three avatars. Stick a pin in the roll of MPs and you are more likely than not to hit Lord Jim.
Once Western economies have been mined-out and markets in the East have evolved to a size capable of absorbing their own output, the East will have little further use for us and our freshly-printed toy money.
We shall also discover that, in practice, the vaunted fraternal benevolence of international Communism comes a very long way second to national self-interest and genetic similarity.
The 'mined out' western economies, S - that's what is being undertaken now, of course; some are nearly exhausted, ours for instance, where we are in the last stages, down to a Sicilian-style, off-shore provision of an arena for the activities ruled criminal in healthier societies and economies: financial services (snort of derision); other countries still resist sensibly and with some sense of cultural self-preservation that I fear will turn into the threat of your last paragraph. And, as we have seen in the last warmongering thirteen years, it is the social democratic faction of the Labour party that seeks to dissolve national ties and decencies in the name of international brotherhood - which is a cover for less acceptable but readily recognised supranational imperialism. (Supranational imperialism seems to have redundant aspects but I mean that the empire has an elite made up of diverse cultural traitors with a single hierarchical structure.)
The democratic voters instinctive desertion of social democracy, throughout Europe, is rooted in a holding on to the nation state and its democratic values, rather than in any perceived failure to deliver material benefits by social democratic governments. It is not, despite the propaganda of the last 100 years, the nation state that generates war but imperialism in all its many guises as it seeks to deny democracy.
Supranational imperialism - I'll remember that. I have been saying for a long time that we're witnessing the reconstruction of pan-European aristocracy; some new faces, of course, but structurally the same.
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