Posts Tagged ‘Piet Botha’

Tony Benn on Overseas Investment at the Expense of Britain’s Workers

May 17, 2020

A few days ago I posted up a piece about Shaw’s critique of British imperialism. As I said in the earlier piece, Shaw wasn’t against imperialism in itself, if it had been genuinely for the benefit of the conquered peoples. But it wasn’t. It was really to exploit them, as a cheap workforce unprotected by the Factory Acts in Britain which protected domestic workers. The result was the exploitation of non-Whites abroad, while British manufacturers were ruined by the import of the cheap goods they produced, and British workers made unemployed.

This situation still remains, thanks to globalisation and the rise of the multinationals even though the British empire is no more. Tony Benn was a staunch opponent of the multinationals and the same abuses of overseas investment. In a 1985 speech in parliament on unemployment, Benn said

We would have to stop the export of capital. Since the government came to power, for every family of four, £4,300 has left Britain. The Chancellor of the Exchequer says that we must tighten our belts because that is the way to solve the problem. But if a worker tightens his belt, the employer sends the money to South Africa, where the wages are lower still, because Botha’s police will not allow the unions to organise. The export of capital could not continue if we wished to solve the unemployment problem.

Ruth Winstone, ed., The Best of Benn: Speeches, Diaries, Letter and Other Writings (London: Hutchinson 2014) p. 166.

That’s still very pertinent today, when Tory donor James Dyson has moved his plants to the Far East and Jacob Rees-Mogg has investments all over the world, including in a condom factory in Indonesia.

Tony Benn – the greatest Prime Minister this country never had.