Showing posts with label Liberal Democrats. Show all posts
Showing posts with label Liberal Democrats. Show all posts

30 May 2010

Rational choice?


The rise, and now fall, of David Laws genuinely merits the over-used journalistic adjective meteoric. The man had moved from relative obscurity to the position of Lord High Executioner in a matter of weeks. His story seems to have the mark of a mystery play; his character is the rational economic man.

In the past month, much has been made of David Laws's double-first in economics from Cambridge. This has been touted as a reassuring indication of brilliance: here is a man who understands the workings of the market and can therefore save us from our financial travails. His rise to prominence in the Liberal Democrats was the result of his persuading them to leave behind their days of beards-and-sandals economics and wholeheartedly embrace the market, through the publication of the Orange Book.

I always ask my students why they chose to study economics. Over the years I have found that they are often vulnerable, shy, and socially dislocated. In the iron laws of the market they find a sense of security. Learning to read the movement of finance markets or the mathematical formulae of a regression equation brings power to those who have often felt powerless. In the rational economic man they see an icon to aspire to: a role model of elegance and control.

The ecofeminists detest the rational economic man. As Mary Mellor writes:

'Economic man is fit, mobile, able-bodied, unencumbered by domestic or other responsibilities. The goods he consumes appear to him as finished products or services and disappear from his view on disposal or dismissal. He has no responsibility for the life-cycle of those goods or services any more than he questions the source of the air he breathes or the disposal of his excreta.'

Rational economic man is ashamed of his own embarrassing body, his sexual idiosyncrasies, his dependence on women, his need for rest and sleep. These are interpreted as weakness, rather than humanity, and must be hidden ever deeper within a shaved and moisturised skin, a sharp and expensive suit. Once they are revealed he has become, in the words of today's headline, 'a broken man'.

Yet it is this very dislocation of our identity from our physical existence that is writ large in the way our economy is dislocated from nature. As we hide our weakness and our illnesses, so we deny the planet's need for rest. The superficial manifestation of the late-capitalist world is impressive, but behind the facade the earth itself, and the indigenous peoples who still live close to it, are slowly dying.

The loss of David Laws from the Treasury is a mixed blessing. His competence in understanding the crisis we are in was a counterbalance to the crass ignorance of Boy George, although both, as wealthy men, have faced a problem of credibility when trying to persuade us to live on less. Did he make a rational choice to deny his need for love, to conceal his lover, to deceive the world about the sexuality that made him ashamed? The door has been left open for him to return, but before he does, in the style of a true mystery play, he must learn the lessons of his own humanity, and the greater wisdom that the earth teaches.

12 May 2010

Plus ca change . . .


When British people voted for change last Thursday, it seems to me that two events of the past year were motivating them: the expenses scandal and the bankers' bailout. Thus we would have expected to be governed by people who would take a strict approach to financial shenanigans and who would better represent us, in the sense of being people like us, people who have experienced difficulties paying their bills and who understand how to use a bus.

The shape of the cabinet indicates that this is very far from the case. Apart from token Teresa, they are fairly uniformly white, male, and public-school educated. Worse still, of the Liberal Democrats included, two have made their money in the financial markets and the third - apparent darling of the chattering classes Vince Cable - is a former Chief Economist at Shell.

Here is a brief summary of the education, age and gender of the cabinet appointments made so far, plus any experience they had outside politics (where relevant):

David Cameron: PM –Eton, Oxford University, born 1965, male

Nick Clegg: Deputy PM – Westminster, Cambridge University, born 1965, male

William Hague: Foreign Secretary – local comprehensive, Oxford University, born 1961, male

George Osborne: Chancellor – St. Pauls, Oxford University, born 1971, male

Theresa May: Home Secretary - grammar school, Oxford University, born 1956, female (employment background in banking)

Ken Clark: Justice Secretary - grammar school, Cambridge University, born 1940 (corporate directorships and commentator on financial markets)

Liam Fox: Health Secretary – St. Bride’s High School, Glasgow University, born 1961, male (worked as a GP)

Vince Cable: Business Secretary – grammar school, Cambridge University, born 1943, male (Chief Economist at Shell)

Chris Huhne: Energy and Climate Change Secretary – Westminster, Oxford University, born 1954, male (made a personal fortune on the stock-market)

David Laws: Chief Secretary to the Treasury - independent school, Cambridge University, born (investment banker and former Vice-President of JP Morgan)

If it weren't for Liam Fox, you might think this country had only two universities.

Far be it from me to compare UK plc with a company or even a local authority, but if you were to engage in any sort of unbiased selection process to choose people to run a large and struggling economy at a time of crisis you might wish at least a significant proportion to have some experience that was relevant. The cabinet we have are PR men, economic advisers and professional politicians. They have nothing between them that could possibly act as preparation for the sitution they find themselves in.

But what they do share, and this is far more important in these days when a politician with principles seems so last century, is an adherence to a neoliberal philosophy and a sense of entitlement to power and privilege.

If you're surprised by the pedigree of those Liberal Democrats who have made it into the cabinet then you need to think back to the coup that took place in the party in 2004. This revolved around the Orange Book, co-edited by David Laws, which claimed to 'reclaim Liberalism' but in reality moved the party sharply to the right. The contributors are almost all key players in today's Liberal Democrat Party, including all those who are now Cabinet members. Presumably the movement of the Liberal Democrat Party away from its heritage of imaginative, alternative policies - such as land tax and citizens' income - is not unrelated to the party's presence in the Cabinet today.