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Tuesday 14 July 2020

354. Post-covid the world must ditch Slum Economics with its ‘Ragged Trousered Philanthropists’

In the post-covid era, a system where the majority strive and the planet’s ecology is ravaged for the pointless avarice of a tiny minority is no longer sustainable. It was never morally supportable.

Yes – what 21st century economists still euphemistically call capitalism is actually all-encompassing Slum Economics.

If you’ve not read The Ragged Trousered Philanthropist – now is the time. Globally, those who work the most, in the worst conditions and for the longest hours from the youngest ages are those living in deprivation. It is they who provide eye-watering wealth for the few at the pinnacle of economic comfort. It has been that way for a very long time.

Wars and the ever popular diversion of blaming foreigners have kept the system going and kept those grinding away at the bottom of the pile, docile. Foreigners and migrants of every description have ever been an easy target but the system of blame is now so entrenched that those who are poorest often have the scorn, blame and aggression of the public aimed at them to the point of Roman colosseum type entertainment. Glance at any tabloid, listen to the non-too subtle dog whistling of populist politicians or look at TV shows such as Benefit Street .

You have to marvel at a structure that manages to have the vast majority working in poverty and insecurity for the extreme affluence and comfort of a tiny minority while blaming the very people who toil and suffer. The most recent example of this play-off in our own country is Brexit. The worst and most recent example of the manifestation in the US is the rise of Donald Trump. But it’s not new.

What we have to ask ourselves is why the arrangement that is so downside-up has been so successful for so few for so long and why the many have gone along with it so willingly.

This is a paragraph from The Ragged Trousered Philanthropist set in 1906 when the author was, himself, a low paid exploited worker.

“[he] saw that in the world a small class of people were possessed of a great abundance and superfluity of the things that are produced by work. He saw also that a very great number – in fact, the majority of the people – lived on the verge of want; and that a smaller but still very large number lived lives of semi-starvation from the cradle to the grave; while yet a smaller but still very great number actually died of hunger or, maddened by privation, killed themselves and their children in order to put a period to their misery. And strangest of all – in his opinion - he saw that the people who enjoyed abundance of the things that are made by work, were the people who did NOTHING: and that the others, who lived in want or died of hunger, were the people who worked.”

The Ragged Trousered Philanthropist  was published posthumously (1914) after the author  Robert Tressell – himself a workman though born into some comfort and brought low through family misfortune - died of TB in 1911 at the age 40. This work tracks the miserable lives of men and their families exploited en-masse so that a few at the top can benefit in-extremis – from their labour.

And while the exploitation of the world’s natural resources for excessive profit and the labour of the vulnerable for the same is shameful and counter-productive in the long run – the downside-up system extends to countries too. We’ve been reminded in the last couple of days of the staggering amount of money being paid by the poorest countries on earth to the richest. Infamous never-ending interest payments on debts – often on ‘loans’ set up during oil crises when poor countries could not resource essential supplies any other way or given to corrupt regimes in full knowledge funds would never reach the needy, are still keeping poor countries poor; dependent and unable to progress and at the mercy of exploitation. Faith leaders have called again on the G20 – the coalition of the world’s wealthiest nations - to cancel that debt in the light of covid-19. We won’t hold our breath but hope it is a reminder that while we hear much about aid we seldom hear about the huge quantities of money passing from poor nations to rich every single year on the back of historic wrongs.

The pandemic we were always going to have, in light of our decimation of the world’s ecology (see previous post) and disruption of precious ecosystems, plus the anything-for-profit mentality, has changed things.

Covid-19 has presented the world with stark choices, a threat that you cannot buy your way out of and which causes economic breakdown. It presents a situation which can only be alleviated with regulation – the antithesis of what those who exploit labour and the planet want. It also sets an immediate imperative for not just national healthcare but global universal healthcare regardless of wealth.

For possibly the first time in history – the self-interest of the powerful must involve a more egalitarian model. We must behave with humanity or perish.

here are some old doodles...