Category Archives: Rally Against Debt

Debt, gimmicks and the right

The right loves its gimmicks. First, the brains trust behind the disastrous Rally Against Debt paraded their “Debt Clock” around the streets of London. They were trying to tell us that “time was running out” and that the government had to “cut deeper and faster”. They thought that if they drove a massive clock on the back of an articulated lorry around Westminster’s streets on a Saturday afternoon, with the city full of people shopping on their credit cards, spending money they don’t have on things they d0n’t need… would somehow convince these people, some of them tourists, of  the merit of their argument, they were sadly mistaken. They just looked like a bunch of rich Ayn Rand-reading nerds with too much time on their hands who could afford to hire a truck for a stunt. Whoopee-do.

In a classic example of monkey-see/monkey-do, Hammersmith & Fulham Council has come up with its own version of a gimmicky debt gauge. It’s called the “Debtometer” and the ‘device’, so our overlords tell us,  is meant to measure the debt “going down”. Shepherds Bush blog has the story.

The council website says,

Millions of pounds are being freed up for vital frontline services as the council looks set to hit its target of halving its historic debt mountain by 2014.

Hammersmith & Fulham (H&F) Council’s debt reduction strategy, which includes moves to sell under-used council buildings, is set to wipe another £12million off the town hall’s debt burden by April 2012.

The news comes as the council launches a new quarterly online ‘debtometer’ so that residents can keep a track of the progress made in reducing municipal debt.

You’ve got to love the way LBH&F’s Tories dissemble the facts. All councils run up debts; that’s how they survive. I mean, have you ever heard of a council being forced to shut down because it had no money? No, I haven’t either. Hackney is  poor borough that often finds itself in massive debt but it hasn’t shut down. The entire article about the “debtometer” is reproduced verbatim on the H&F Tories site .

These cute little gimmicks that are dreamt up by the right are distractions and nothing more. They are PR confidence tricks designed to divert attention away from the fact that they have no real ideas beyond cutting public services.  Why? Because they tell us that don’t use them (so who empties their bins?) and they think that the rest of us are ‘addicted’ to the state. It’s the old new classical liberal idea of deserving and undeserving poor revivified under the neo-Hayekian aegis of ‘freedom’ and ’empowerment’.

But those who claim these stunts are more than the sum of their parts are deluding themselves. These are the people who come out with snappy lines like “the nation had maxed out its credit card” and “we need to live within our means”. In their arrogance, they have convinced themselves that no one understand economics like they do. They talk a good talk but like a cheap jumper, their argument soon unravels when it is scrutinized.  They can only “speak in maths”, as the Radiohead song goes. Yet without people – a society – there is no economy. No people, no need for commodities.

But try and tell them that.

Not to be outdone by Gordon Brown’s “quantitative easing”,  Hon Gid introduced his own idea of economic interventionism at the Conservative Party Conference. He called his concept gimmick, “credit easing”.

But credit is debt.

Ask anyone who has a credit card, a bank loan or a mortgage.

But people with credit cards don’t have access to the international bond markets. They can’t sell their junk in the same way as a nation-state. In fact, while this government talks about reducing debt, it raises money on the bond markets to continue its costly wars in Libya and Afghanistan. This is something that our slash and burn Tories won’t tell you about. Instead, they’ll tell you that cuts are “necessary” and will beg the question with a “But surely you realize how important it is for the government to reduce the nation’s debt”?

The Taxpayers Alliance loves to claim that its “our money” that’s being “burnt” but what they won’t tell you is that most of the nation’s wealth is concentrated in a small number of hands and those people (including the entire membership of TPA) are well insulated against economic hardship. If you put that point to them, they’ll start flailing about and will regurgitate the usual neo-Hayekian drivel about “responsibility”.

The cuts to public services, especially those to education, is a form of de-investment. That is to say, the Tory-led government is not investing in the economy – as it should at this time. Instead, it is sucking money out of the economy and diverting some of those funds to those pet projects that are run by its supporters – the free schools, for example. It has no interest in investing in people…unless they come from a privileged background. In which case, there is no need to invest in them because they will, by dint of their circumstances of birth, reproduce the same selfish, dimwitted values that were espoused by their parents.

No wonder we’re in the shit.

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Filed under Economics, Hammersmith & Fulham, London, neoliberalism, Rally Against Debt, Spiv capitalism

The Rally for Cuts – a poor show

Rally Against the Poor?

It was billed as the “Rally Against Debt”. It was supposed to be a response to the TUC sponsored March for the Alternative at the end of March.  The rally was organized by UKIP, the Libertarian Party UK, The Freedom Association and the Taxpayers Alliance – the usual suspects.  Out of morbid curiousity, I decided to go along. The RAD’s Facebook event page had 1,908 intending to go.  I suspect the numbers will be much, much lower. To get an idea of what sort of numbers I might realistically expect, I checked the LibertarianUK forums. The numbers are small. Some of them make excuses for why they can’t  go. This one is the most pathetic.

Re: Rally Against debt

Postby Agalloch » Thu May 12, 2011 9:29 am
I wanted to… but I really can’t afford it, sorry. Car is no problem, but I’d rather not drive to london, and Train means Hoter to be honest.

The commitment is underwhelming. Those who took part in the massive TUC March for the Alternative had coaches organised well in advance. These people appear to travel individually in their own cars.

Before I set off, I check the BBC News Channel. Matthew Sinclair from the Taxpayers Alliance is repeating the line about “saddling our kids with debt”. It’s intended to appeal to our parental instincts but if these people were really so concerned about our kids, they would do more to protect the environment and spend more time thinking about society and less about themselves.

The reports that I get before I arrive at Westminster tell me that the turnout is low. As I arrive at Old Palace Yard, I can easily see that there aren’t many people. They’re corralled behind a set of pedestrian barriers and there is only a handful of police. It’s an odd location for a rally and two things come to mind: first, no anti-cuts protest would be allowed this close to the Houses of Parliament and second, the RAD is only expecting small numbers. But the numbers tell us something: there is no appetite for cuts and those who advocate “faster, deeper” cuts are in a tiny minority. For all the libertarian rhetoric, these ‘protesters’ actually support the state in what’s it’s doing in terms of deficit reduction. Therefore this isn’t a protest, it’s a rally to urge the government to cut more.

There aren’t many counter-demonstrators here save for this pair of ‘anarchists’ corralled behind some barriers. The thought had crossed my mind that this could be a RAD stunt.

Self-described anarchists penned in for their 'own good'

Most of the placards are facing the towards the focal point, which is the statue of George V, where there is a speaker, whom I cannot see or hear, addressing the crowd. The sound is terrible and seasoned protesters understand how to use public address systems. The organizers have signally failed to grasp this important point. I decide to take a seat on some steps of an adjacent building. A pair of right libertarians sit next to me and have a smoke. I can tell they’re right libertarians: their shoes and their corduroy trousers betray them. On the far side of the rally I can see a placard that reads “Ban Union Pilgrims”. Don’t ask. It looks like some kind of in-joke. In fact, there is an absence of real humour to any of the placards.

I move away from the steps and make way into the corral and stand at the rear of the rally. A bloke in an Atlanta Braves baseball cap sees that I’m wearing a similar cap and says “Snap”! I say “Hey, the Atlanta Braves” and leave it at that. I don’t want to engage these people in conversation. I’m not in the mood for it. I catch a glimpse of James Delingpole through a small gap in the crowd. I think he’s just finished speaking.  I see some more placards.  “Ban Unions” says one. Another says “Cut Foreign Aid”. By far the weirdest is “Cut the Debt. Read Ayn Rand”. I don’t get it. Is it supposed to be a joke?

I walk around the right flank of the crowd and see BBC London’s Paraig O’Brien who’s looking for a place to shoot a report. He tells me that he’s going to be “moving back and forth long this pavement”. I tell him “Help yourself, mate”.  Like I care what he does.

It’s about 1230 and the rally looks like it’s finished. These people have no staying power. Am I surprised? Quite frankly, no.

I circulate as best I can, looking for any familiar faces. I think I can see the blogger who calls himself “Old Holborn”. He’s wearing a Guy Fawkes costume.  His beergut is struggling to escape through his obscenely tight top. Guy Fawkes, eh? How ironic. To my left, I can see that Nigel Farage is about to leave. He stops to chat to what looks like a UKIP supporter.

Farage talks to supporter

Before I can say anything to Farage he slides off in the direction of Parliament Square. I overhear a couple of people talk about picketing the Fabian Conference. Good luck. If you people can’t organize a rally, what makes you think you can picket a meeting?

It’s just after 1pm, I leave and make my way to Victoria Street to get a coffee and find somewhere to use the loo. As I’m walking away from the rally, I think of how haphazardly it was organized. The words “piss up” and “brewery” spring to mind and these people run the country? No wonder things are the way they are. They even forgot that today is the day of the FA Cup Final but something tells me that this isn’t a crowd that likes their football. The Guardian informs us that there were 350 at the rally. I have to say it didn’t look like that to me.  It looked more like a mere 150. But even if there were 350 at the rally, it’s only a small fraction of people who support the cuts or want them to go deeper.

This was really a small gathering of like-minded souls that are united by a sense of imagined injustice. Above all, they hate public services or, for that matter, anything to do with communities. If they really want to live in a country without public services, they can always go and live in Somalia.

This one's off to the pub

Sinclair  claimed that they were a “quiet majority”. On the basis of these numbers, I’d say he was talking out of his arse.

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Filed under London, Rally Against Debt, UKIP