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Wednesday, November 23, 2005

Watch out for gold in the food

I know its lazy blogging Guardian comment pieces but was really struck by this piece by Jonathan Freedland today.

As he points out talking about the gap between the rich and poor is terribly passé these days but I couldn't help agreeing with his assessment that,

'If one man can spend £15,000 plying his pals with a syrupy cocktail, while another lays out blankets for his child to sleep in the kitchen then we know the system is broken. This is not some narrow criticism of the Labour government, but rather a challenge to our assumption that we are a civilised society at all.'

This isn't the 'politics of envy' - it's just an articulate expression of something most of us already know - that the widening gap between those who have and those who have-not; between the Global North and the Global South; between those who tell hard-working people they need to work longer and harder to get a decent pension while ensuring their own pensions are secure; and between those who tell workers to tighten their belts and prepare for the worst while feathering their own nests is barely tenable.

His description of corporate excesses reminded me of a comment made by Andrew Gordon - one of the guest lecturers at the HTUP which I attended earlier this year. He said he knew the Japanese economic bubble was about to well and truly burst in the early 90's when he saw that several top-end Japanese restaurants were serving food garnished with precious metals - their customers were so keen to conspicuously consume that they were literally eating gold.

Smoked egg and bacon ice-cream may not be quite as decadent as eating gold but at least you can wash it down with a decent Château Cheval Blanc at £1500 a bottle (yours for a mere eight weeks work on the minimum wage).

Watch out for those gold-shavings...

4 Comments:

Anonymous Anonymous said...

Maybe if we told people having to lay blankets out in the kitchen to sleep that it was the equiverlent of having a kick ass en-suite they wouldn't feel so underpriveleged. This would then cheer them up and they could then finally contemplate getting themselves out of the rut they've got themselves into.

10:52 PM  
Blogger Paul said...

Great advice Tony:

All those kids growing up in poverty in the developing world; or those in the UK whose parents are working every hour god sends for a pittance - all they need to do is a bit of positive thinking, pull their socks up and they'll get themselves 'out of theeir rut' and can spend the rest of their days planning what to spend their £4m bonus on...

Its that easy is it?!

7:09 AM  
Anonymous Anonymous said...

I hope that Tony Booth never finds himself in a such a rut. But if he does, I hope he remembers to 'cheer up and contemplate getting himself out'.

He is not out of this world yet and cannot foretell what the future holds.

12:02 AM  
Blogger Paul said...

Hi Gazelli

Out on the road at the moment so just a quick reply.

First of all I have to disagree with your point about the gap between the rich and the poor always being with us. The key point of Freedlands piece was that this gap is widening - and I think it therefore stands to reason that it could be reduced IF there was sufficient political will and commitment.
More broadly Ithink you've got a point about the widening gap between the poor and the middle classes. Lot of thid has been driven by cheap credit and linked to this, inflated house prices. If we saw a significant rise in interest rates this could be pretty devestating to the millions of people who've borroed against houses which rose in 'value' by double digit figures every year.
4 quick policy suggestions to address all the above: continue to drive up the value of the minimum wage (which I think has been one of this government's most progressive policies; introduce complusory employer/employee contributions to final salary pension schemes which would ensure that low paid workers have decent pensions to look forward to; introduce a capital gains style tax on house sales (they do this in France on a sliding scale so that those who buy property are taxed more if they make a profit on short term property speculation); and lastly introduce a new top rate of tax for high earners backed by tighter tax avoidance safeguards.

Think Santa will deliver any of the above?!

8:57 AM  

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