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| Nothing Too Drastic: Few would dispute that the Left, today, are few in number. Is their failure to make the public aware of and act upon the manifest failures of the present system attributable to their lack of active energy and intelligence? Or, is it simply because the Left’s ideas have become, almost entirely, those of the historically compromised middle-class? |
IT IS
PERFECTLY NATURAL, when people see a system failing, that they should want to
fix it. By the late-1970s and early-1980s it was pretty clear to everyone that
the post-war economic miracle had stalled, and that all the usual remedies had
been tried and had failed. Voters were in the market for something new,
something that hadn’t been tried. They were hungry for an alternative.
Young New
Zealanders who have grown up in the neoliberal era of low inflation, small and
weak private sector unions, and low-to-stagnant income growth will find it
difficult to imagine an annual inflation rate of 14 percent with wage rises to
match. Economic policies have hardly changed in 35 years, so the idea of prime
ministers and finance ministers flailing about in search of a solution to
rampant price and wage inflation will strike those who have never experienced
the collapse of a long-standing policy consensus as bizarre.
What would
also strike them as unusual is just how energetically New Zealand society
examined and debated the alternatives put forward to replace the failing
post-war consensus. Even though today’s 20-somethings have lived through the
global financial crisis – an event which tested neoliberal ideas and practices
to destruction – there has been nothing like the lengthy period of public
discussion and disputation that preceded the dramatic reforms of the Fourth
Labour Government.
That there
was so much public discussion: so many features in the newspapers, lengthy
magazine articles and prime-time documentaries (the most famous being Milton
Freidman’s staunchly monetarist “Free to Choose” series) is indisputably
because the most vociferous arguments in favour of change were coming from the
Right.
Keynesian
economic orthodoxy, which had largely dictated the policies of Western states
since 1945, represented capitalism’s grudging compromise with the
social-democratic aspirations of the men and women who had lived through the
years of depression and war. Ordinary people were demanding a better life, and western
politicians, all too aware that if they refused to meet their citizens’ demands
the Soviets would be quick to tell them why, thought it best to give the voters
what they wanted. The problem, especially for the capitalists of the
English-speaking world, was that the post-war compromise had worked too well.
With the
power of the trade unions growing, and the rate of profit falling, capitalism
was in trouble. Worse still, a “revolution of rising expectations”, beginning
in the 1950s and 60s, had, by the 1970s, led to previously marginalised and/or
suppressed groups – blacks, women, gays and lesbians – demanding their own fair
share of space on the social, economic and political stage. Left to itself,
conservative intellectuals argued, social-democracy was generating demands that
capitalism could only meet by consenting to its own dissolution. The time had
come to fight back.
And what a
fightback it was. Crucial to the success of the Capitalist counter-revolution
was the middle-class fear of being forced to surrender its economic and social privileges
to groups long-considered inferior – most especially the working-class and
people of colour. Trade union militancy and black assertiveness, the most
radical manifestations of social-democracy’s culture of enablement and
emancipation, were to become the unacknowledged drivers of middle-class support
for the capitalist fightback. The price: a promise of full social, economic and
political equality for middle-class women, regardless of race or sexuality; did
not seem particularly high. After all, it had worked before.
Were there
left-wing alternatives to the Keynesian post-war settlement? Of course there
were! Did they enjoy the same encouragement and support as the alternatives put
forward by conservative intellectuals and right-wing think tanks? Of course not!
The “More Market” side of the debate patted the capitalist cat just the way it
liked – from its head to its tail. Those foolhardy enough to try stroking it in
the opposite direction ended up getting very badly scratched.
In the ten
years that have elapsed since the global financial crisis, much has been
written about the deficiencies and failures of neoliberalism. Alternative
economic ideas have been advanced by thinkers and politicians from all around
the world. Unfortunately, the critics of neoliberalism have achieved nothing
like the cut-through achieved by the critics of Keynesianism in the 70s and 80s.
The careful creation of an intellectual climate for change; the constant publication
of detailed proposals for reform; the extraordinary preparation and seeding of
the political ground that prefaced the policy revolutions unleashed by Margaret
Thatcher, Ronald Reagan and Roger Douglas; none of these have been replicated by
the Left.
Hardly
surprising when one considers the extreme disparity in resources between the
individuals and groups advocating neoliberalism, and those promoting more
equitable alternatives. Having billionaires as backers really does help!
Even with
the powerful incentive of the Covid-19 Pandemic, the development of a
convincing alternative to the status-quo remains pitifully (and, given the
rapid advance of climate change, dangerously) slow.
Ninety years
ago, the father of public relations, and author of the ground-breaking book
“Propaganda”, Edward Bernays, wrote:
“Only
through the active energy of the intelligent few can the public at large become
aware of and act upon new ideas.”
Few would
dispute that the Left, today, are few in number. Is their failure to make the
public aware of and act upon the manifest failures of the present system
attributable to their lack of active energy and intelligence? Or, is it simply
because the Left’s ideas have become, almost entirely, those of the
historically compromised middle-class?
This essay was originally posted on The Daily Blog of Thursday, 6 August 2020