The Crucifix

 

Several months ago, Adam Tooze warned that ‘the huge public debt commitments that are being made now will, no doubt, serve fiscal conservatives as a cross on which to nail progressive politics from here until kingdom come’.

 

This certainly seems to have begun. Despite promises by the central government to do ‘whatever necessary’ to support local authorities, in the last week, as councils have raised the alarm of impending bankruptcies and inadequate support, Robert Jenrick, Sec of Housing, Communities and Local Government, has chosen to blame their investment decisions – as if there are any investment portfolios performing well in the current environment.

 

“There are some councils that have very significant exposure to commercial investments,” Jenrick told the committee. “Some that are perfectly understandable and some that were perhaps unwise investments to have made in the first place. I have long argued against councils establishing very large commercial portfolios, for example.”

 

The tragic irony is that many local authorities resorted balancing the books with ever greater reliance on commercial investment in response to budget cuts under austerity (cutting an average of about 2/3 off council’s government grants). Now that those investments are reflecting the current economic shut down and short term injections are needed, no doubt the Conservatives will push for what they have been pursuing for the past decade: selling off public assets, no matter how profitable and especially on the cheap.

 

‘Mayors warn of looming council bankruptcies’, Jonny Ball

 

‘ “Whatever it takes”: Has the government broken its promises to local councils?’, Jonny Ball

”Impartiality”

In a time of demagoguery, “impartiality” and “establishing the facts” are contradictory terms. Another sterling example of the Fourth Estate failing the people, speaking for power and making a mockery of the facts. Enjoy 😏

‘Why is the BBC bending to the Government’s definition of impartiality?’, Owen Jones

“When faced with a very clear choice between yielding to government pressure or serving viewers by telling them the truth, BBC management, shamefully, chose the former,” says one Newsnight source. “BBC bosses believe this helps preserve the organisation. All it will really do is sign its death warrant.” 

Universal Basic Income

 

I’ve been more than a little disappointed by the ease with which “the Left” has picked up UBI over decommodification as a means of progress and recovery, post-pandemic. I am deeply suspicious of what could so easily be used as a disempowering, alienating form of alms; satiating the ever more wretched with just enough tuppence for them to quell their discontent by partaking in rabid consumerism at the detriment of the environment.

 

Of course, there are a variety of possibilities opened up by UBI, not all of them Huxleyan, but when Social Darwinist technocapitalists advocate for something, “the Left” should treat it with a lot of caution – as they should any idea claiming to be “non-ideological”.

 

Here’s an excellent article from a few years back, which has stayed with me ever since and is a particularly interesting read now:

‘The False Promise of Universal Basic Income’, Alyssa Battistoni

 

NB. The Finnish experiment, since seen as a failure, was in practice an exercise in Universal Credit masked as UBI.