The
last post suggested that too
many books simply regurgitated what most of us already know about
the economic system and that what is needed is a text which builds on
this knowledge and identifies the detailed steps required for us to
achieve a better world. Since
my retiral in 2011, I’ve actually been working on such a book and
am pleased to present the latest version - What
is to be Done? Dispatches
to the next generation.
This runs in at 150 pages
but
is linked to a larger version which is double the size.
One
of the Annexes gives hyperlinks to several hundred books which
purport to thrown some light on the operation of the economic system
– în some cases with some
notes
Each
of its chapters contains a table with links to the posts which
inspired the text – with a ”takeaway” message. Let me summarise
the chapters
Chapter
1.
Critical junctures identified
History
is written by the victors – and the sycophants who surround them.
Events were generally much more finely balanced than first versions
admit. Many
people consider that the West has lost its way recently - and are
struggling both to identify the reasons and to explore how a
different future could be built. For some, it is simple – just a
question of turning the clock back to the golden days....But most
people recognise this as no more than an emotional tic and really
want to understand how we – in the UK, the European mainland or the
US – managed to make such a mess of things; and then what steps
might be taken to build better societies...
This
chapter looks back at the events of the past 80 years
to try to identify the
crucial points which have turned the hopes of the postwar period to
the despair which currently grips many societies
Supporting
Arguments can be found in Covid
19 as a Critical Juncture
(
Duncan
Green
2020)
and Out
of the Belly of Hell
Anthony
Barnett
2020
Chapter
2.Trespassing encouraged
Intellectual
specialisation has made it difficult for us to understand the world Most
leaders of organisations are in the grip of groupthink and need
countervailing mechanisms of accountability to help them see new
realities
Boundaries
– whether between countries, fields of study, professions, classes,
religions or political parties – are usually heavily protected. But
those able and willing to cultivate cross-border connections are
often hugely rewarded – not just with monetary profit but with new
insights. Just look at the Hanseatic League and the intellectual and
cultural – let alone commercial - richness of towns and cities
which lay on trading routes.
Supprting
Arguments can be found in Irving
Janis’ “Victims
of Groupthink” (1972),
Gillian Tett’s “The
Silo Effect” (2015) and
Matt Syed’s
“Rebel Ideas”
(2019)
chapter
3. Economics – rather than statues – should be toppled from its
grip on our minds
2008
should have been the death knell of economics since it had succumbed
some decades earlier to a highly-simplified
and unrealistic model of the economy which
was then starkly revealed in all its nakedness. But the subject had,
perhaps deliberately, been made so boring that people felt they had
to ”leave it to the experts”.
John
Kenneth Galbraith’s ”Almost Everyone’s Guide to Economics”
(1978) was probably the first book to try to rectify this – but it
is only in the new millennium that things have shown sign of
improvement. Annex 3 lists texts which are enjoyable as well as
useful. But we have to be realistic about the chances of a real
reform in the education of economists. Academic economists have
invested a lifetime’s reputation and energy in offering the courses
they do - and neither can nor will easily offer programmes to satisfy
future student demands for relevance and pluralism….. chances
are, they think, that the next cohort will be more pliable...
Supporting
arguments can be found in Steve
Keen and
Brian Davey’s ”Credo”
(2014)
chapter
4. Probing the Elephant
Talk
of capitalism and post-capitalism is too loose and reified. There are
various equally legitimate ways of perceiving the “beast”. Why
do we have so much difficulty finding a word to describe the nature
of the system which is wreaking so much havoc on the world? Is it
globalisation? Neo-liberalism? Capitalism? And does it matter?
It’s
more than ten years since the global financial meltdown – although
a lot of writers now concede that the rot started a lot earlier…The
Marxists may be a bit extreme in suggesting about 200 years
earlier…..although there is a christian school of thought that
would go back to the Garden of Eden….
“Exploitation”
is not a word you hear a lot about these days and yet it so vividly
captures what we have done – with ever increasing intensity - to
people, to the land, to resources. Initially the suggested remedies
were technical in nature – if massive in their financial
implications - with private debt being nationalised and traumatic
increases in state debt. Slowly we have realised that political and
moral responses offer the only real hope. But the neoliberal model
has gone from strength to strength – with no real attempt made to
rein in the financial sector.
This
chapter will look at various attempts which have been made to
understand the nature of the Beast whose voracious appetite keep us
all in thrall and to which Varoufakis gave the name The
global minotaur.
Supporting
arguments can be found in 57
Varieties of Capitalism
chapter
5. A new social goal is needed for the commercial company
Shareholder
value ignores other crucial dimensions – such as the wider
community and workers, Cooperative and social enterprises employ
more people than we think – but have to struggle for legitimacy
In
certain circles, to be accused of trying to reform – rather than
“destroy” or “transform” – capitalism has long been one of
the gravest criticisms if not crimes. Not only this accusation but
the very distinction has, however, always seemed a bit ridiculous.
What would “transformation” actually mean?
And
who on earth could be attracted to the notion of wholescale
nationalisation and associated bureaucratic power – to say nothing
of even worse scenarios?? I, for one, would rather support workers’
cooperatives…
Although
Margaret Thatcher kept asserting that capitalism was the only way –
or, in her own words, “there is No Alternative”, a mantra which
soon attracted the acronym TINA – we have, since the end of the
Cold War, become familiar with the “Varieties of capitalism”
literature. Eased
into it by Michel Albert,
with later work by the likes of Crouch, Hall and Soskice being much
more academic and, often, impenetrable. But by the turn of the
millennium the message seemed to be that
-
Capitalism takes various forms
-
although it’s actually called “globalization” and
-
will always be with us.
But
all that changed in 2008 – earlier pages have plotted the
increasing dystoptic aspect of book titles on the subject and the
increasing use of the previously unmentionable word beginning with C
chapter
6. Lessons of change explored
So
much protest fails and few social enterprises have a multiplier
effect. How
do we create winnable coalitions? We
use the concept of “change” all the time but there seems to be
surprisingly little written about it as an all-embracing concept. The
literature on
change is, of
course, immense but is divided very much into several
completely separate fields which
guard their boundaries very strongly - dealing with
the individual, the organisational and the societal
respectively (forgive the last term but “social” does have a
rather different meaning from activities relating to a particular
society). The
first field tends to be interested in things like stress;
the second in the management
of change (but
in 3 separate sectors); and the last in collective
challenges to power
which often go under the label of “social change”
Capacity
development is
one of the few approaches which recognises the importance of all
three – although, in reality, its focus is on training and it never
ventures into the dangerous field of social change. It’s only in
the past year or so that people have dared challenge this.
Our
understanding of that phenomenon generally comes from history
books the most
popular of which deal with individuals - who are easier to identify
with. Talk of technological and economic forces tends to be too
abstract for most people – although recent books from the likes of
Jared Diamond and Yuval Hari are enjoying a new vogue by virtue
presumably of our increased awareness of the power of technology
For
more – see A
short note and annotated bib on Change
7.
Change agents and coalitions sought
Progressives
are good at sounding off – and bad at seeking common ground
This
book started with questions which I was posing 20 years ago to help
identify where I should be putting what energies I had left in me. I
have to confess that, so far, the book (and the blogposts on which it
draws) is the only tangible result of those questions!
An
issue I keep returning to in the book is our inability to make
”common cause” as the world seems to be collapsing around us.
It’s not that we don’t care – or are apathetic. A lot of us
participate actively in discussions and demonstrations. It’s rather
that our energies are dissipated in too many, diverse fields of
concern... And in increasingly polarising debates – sometimes
about issues which have echoes of the medieval debates about ”angels
dancing on the head of pins”. Why
is this?
Our
developing egocentricity seems
also to undermine the possibilities of effective collective action.
For example, too many of the big names who write the tracts about the
global crises present their analyses and prescriptions with
insufficient reference to the efforts of others. They have to market
their books – and themselves – and, by that very act, seem to
alienate others who could be their comrades in arms. For
more see Common
Ground – democracy and collectivity in an age of individualism
Jeremy
Gilbert