Quotulatiousness

June 11, 2012

We can’t “save” capitalism, because we don’t “have” capitalism

James Delingpole in the Telegraph (the italicized opening paragraph is a quite from Tim Morgan):

    Reforming capitalism so that it serves the majority, and strengthening the individual against the collectivist and the corporate, are inspiring visions. This is where government should be taking Britain.

Easier said than done, of course — as I was reminded yesterday when I Tweeted it under the headline “How to rescue capitalism….” only to have some Twentysomething smartarse Tweet back “Rescue it? Bury it!”

This is the kind of fifth-form, sub-Banksy political analysis which passes for conventional wisdom these days. It’s the dominant strain of thinking at the Guardian, at the BBC, among the studio audience at Channel 4’s apocalyptically lame 10 O’Clock Live, on Twitter, in the right-on brains of groovester opinion-formers all the way from Ben Goldacre to Graham Linehan to Polly Toynbee — and, of course, across the world in the entire Occupy movement. Capitalism, they all maintain, has failed.

No, capitalism has not recently been tried: that’s the real problem. And what I particularly like about Morgan’s report — well worth reading in full — is that it addresses this extremely important point. What we’re experiencing around the world at the moment is not laissez-faire, self-correcting, authentic, free-market capitalism but an excedingly corrupt and bastardised form thereof.

What we’re seeing is a grotesque stitch up between the banking class, the corporate class and the political class — at the expense of the rest of us.

One day, I like to hope, those of us on the libertarian right will find common cause with (at least some of) the Occupy crowd and unite against our real enemy.

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