This blog initially set out to focus primarily on Islam and the Islamisation of the UK. However, since that time the subjects covered have broadened. They now include (amongst other things): IQ tests, Jean Baudrillard, global warming, sociobiology, Marxism, Trotskyism, David Cameron, Foucault, Nazism, Ralph Miliband, economics, statistics and so on. - Paul Austin Murphy
I've had articles published in The Conservative Online, American Thinker, Intellectual Conservative, Human Events, Faith Freedom, Brenner Brief (Broadside News), New English Review, etc... (Paul Austin Murphy's Philosophy can be found here.)

Wednesday, 25 January 2012

David Cameron wants a 'popular capitalism’

Mr Cameron has just spoken about, and encouraged, ‘a popular capitalism’. I presume that this is to be distinguished from unpopular capitalism - the kind we have now? But capitalism is nearly always popular in that what capitalism produces - or brings about - is often very popular. Hollywood, R ‘n’ B, supermarkets and even art galleries are all popular products of capitalism.

Of course I am wilfully misreading ‘popular capitalism’ here. What people don’t like is when capitalism goes wrong or when it encourages certain vices or dangers. More specifically, in this case, it is the fact that millions of workers, in both the public and private sectors, are having their pay cut or frozen. And yet top people’s pay is going through the ceiling.

However, there may be a strong connection to be made between popular capitalism and the moneybags who bring that about. Perhaps if we didn’t have ‘excessive rewards’, and fat bankers, then we’d have a lot less popular capitalism - a lot less Hollywood films, supermarkets and art galleries. If there is a link between fat cats and luxurious production, then I’m not sure if it will be a direct or easily fathomable link.

Can we have a capitalism without Ed Miliband’s ‘predators’ in business? Can we have a successful, if not popular, capitalism in which bosses and businesses are taught ethics, forced to press the flesh of their workers every day and who meditate, Zen-style, for at least an hour every day. Perhaps all this namby-pamby stuff works directly against capitalism; or at least against productive or successful capitalism.

In addition, apparently Cameron’s New Conservatives are also promoting a New Morality and a New Responsibility in both banking and business. Every year there’s something new being pushed either by New Labour or the Conservatives (sometimes by both). In fact, it is a definitional reality that there will always be New Policies and New Ways of Thinking. Even Old Policies and Old Ways of Thinking were once new. And sometimes the old becomes new again (within a slightly different political package).

Cameron also wants new ‘moral markets’. Again, can we have thoroughly-moral markets which don’t cut into the productiveness and success of those very same markets? Indeed is it a category mistake to see markets as either moral or immoral? Asking for a moral market may be like expecting a brick to be happy. It is not markets, as such, that are moral or immoral. Only the actors and participants within markets - or within capitalism - can be either moral or immoral.

No comments:

Post a Comment