Posts Tagged ‘Rearmament’

Is Hjalmar Schacht Cameron’s Economist?

March 5, 2016

Yesterday, Mike did a piece on an article in The Canary about George Osborne’s response to the news that Paul Mason would be contributing to Jeremy Corbyn’s New Economics Series. Needless to say, coming from an old Etonian, whose only qualification for the job seems to be that his father is the Baronet of Ballymoney, this was another ad hominem insult. Mason, he claims, got the job because Mao was dead and Mickey Mouse was unavailable. Of this cheap gibe, Mason said:

“As for the Mao/Mickey Mouse jibe, I was tailed for hours in 2008 in Beijing by the secret police of Mr Osborne’s favourite Marxist government, after interviewing the victims of Mao’s Great Leap Forward. I am happy to state that Mao was a despot whose policies killed millions; I look forward to hearing Mr Osborne say that on his next trip to China.”

The parallels between Mao and this government are certainly there. During Mao’s Great Leap Forward, 60 million Chinese died in artificial famines. This government has similarly pushed up the death toll from poverty in this country, though on a rather smaller scale. Thank heaven. 590 people in the past few years have died of starvation, neglect or sheer despair thanks to aIDS’ benefit sanctions. Nearly a quarter of a million more have been plunged into mental illness. And the level of poverty is growing all the time. There are reports that by the 2020s, a quarter or more of UK citizens will be in poverty. And this is an artificial famine to keep people poor and desperate so they will accept just about every indignity their employer throws at them in order to make a quick buck for himself.

The parallel between Osborne, Cameron, aIDS and the others and Mao and the Gang of Four even extends to their hypocritical false egalitarianism. Before Mao came to power, it was claimed that everyone in his base in the Chinese north was equal, and had equal access to food, accommodation and so on. There were reports, however, of massive inequality, and the Gang of Four later on were extremely corrupt. Osborne, Cameron and Co make great play about how ‘we’re all in it together’, a claim that is manifestly untrue. They’re all immensely rich, and the rich are getting much richer, thank you very much, due to the austerity they’ve inflicted.

But if they think Corbyn’s favourite economist would be Chairman Mao, then I wonder if theirs would be Hjalmar Schacht. Schacht was the Nazi economist who put the Germany economy to rights after the massive inflation of the Weimar Period and the Wall Street Crash. He did this through the creation of the Mefo bill. These were a type of share or bond, which formed an investment in a variety of industries, rather than just a single company. It was through these that Schacht stimulated the Germany economy and aided the Nazi rearmament programme. After the War he turned up in the 1970s advising Nasser’s government in Egypt.

Actually, I don’t think Schacht is the Tory’s favourite economist. It’s not that they’re not a highly authoritarian clique with a hatred of organised labour, a desire to reduce the trade unions through ‘Francoist’ legislation, and rule through a system of secret courts and state surveillance. I think it’s simply because, unlike them, Schacht actually did something positive to revive the Germany economy and promote the expansion of the military machine. Cameron, Osborne and co are doing all they can to reduce our domestic industries. With the exception of the arms trade, of course. They’re like Schacht in that. Whatever happens, the merchants and manufacturers of death must be supported. the economy depends on it.

So we’re back once again to the Nazi adage: ‘Guns will make us powerful. Butter will make us fat’. It should be the motto of the Tory party.