Tag: Will Hutton

More on Them and Us

Will Hutton’s book continues to impress me; greatly.

On 28tTh October, I wrote an article about Will Hutton‘s impressive book, Them and Us.  I had got to page 120 or thereabouts and could resist no longer the urge of reading the book to the end before commenting on Learning from Dogs.

Now I am reading through page 260 and, again, find myself incapable of waiting until the book is completed before offering further thoughts!

Despite being very optimistic about the long-term future, I sense that the period that we have been in since 2008 may turn out to be one of the darkest in recent history – I touched on this aspect in a recent post called Faith in a (new) future.

One of the things that strikes me is the complete lack of openness from the British Government about the likely growth scenarios over the next decade.  Here was how the latest ‘growth’ figures were presented a couple of weeks ago, “The economy grew by 0.8% in the three months to September – double the rate that had been predicted by analysts.”

UK output increases by 0.8 per cent 4Q 2010

But here’s Will Hutton,

Britain is going to be much poorer than it anticipated just a few years ago.

and a couple of sentences later talking about economists Carmen Reinhart and Ken Rogoff,

They paint a sober picture of prolonged loss of output, high unemployment and depressed asset prices, and warn that there is no precedent for what happens after the kind of global crisis through which we have just lived. (My italics)

Hutton says that growth would need to accelerate to 3.25 per cent in order for output to reach its predicted level if the recession had not taken place.

He then says that a more plausible scenario if growth remains at 2.75 per cent (average level in recent years leading up to the credit crunch) “then it might never recover sufficiently to converge with the old trajectory.”

Hutton continues,

However, even that may be optimistic.  The reality is that between the economic growth troughs of 1991 and 2009, growth in Britain actually averaged just over 2 per cent.

That would lead to a cumulative loss of output of more than £5 trillion!

It could be even worse.  The economics team at Barclays believe that is it perfectly plausible for growth to average just 1.75 per cent for the first half of the current decade.

And all of this before the huge budget cuts announced by the UK Coalition Government start to bite!

So the reality is that we are a long way away from any form of real recovery, despite what the politicians are saying!

What is so impressive about the book is that Will Hutton is meticulous in his research (there are 23 pages of referenced notes at the end of the book) and from Chapter 9 starts setting out how Britain “has the opportunity to put things right fast.”  So this is a book from a well-respected author that sets out carefully and logically the cause of the recession and then presents some powerful options for change.

The bottom line is that Britain has to be a much more fairer society. Not just Britain.  Here’s an extract from a recent posting on Tom Engelhardt’s Blog. Tom is the author of the book, The American Way of War.

I’m no expert on elections, but sometimes all you need is a little common sense.  So let’s start with a simple principle: what goes up must come down.

For at least 30 years now, what’s gone up is income disparity in this country.  Paul Krugman called this period “the Great Divergence.” After all, between 1980 and 2005, “more than 80% of total increase in Americans’ income went to the top 1%” of Americans in terms of wealth, and today that 1% controls 24% of the nation’s income.  Or put another way, after three decades of ”trickle-down” economics, what’s gone up are the bank accounts of the rich.

In 2009, for instance, as Americans generally scrambled and suffered, lost jobs, watched pensions, IRAs, or savings shrink and houses go into foreclosure, millionaires actually increased.  According to the latest figures, the combined wealth of the 400 richest Americans (all billionaires) has risen by 8% this year, even as, in the second quarter of 2010, the net worth of American households plunged 2.8%

Change is definitely overdue.

By Paul Handover

Will Hutton, Them and Us

Changing Britain – Why We Need A Fair Society

 

Will Hutton

 

I have been reading Will Hutton‘s latest book for the last couple of weeks and am now through the first 5 chapters, at the time of writing this Post!  To my mind, it’s a very powerful and extremely well-argued summary of the sickness that has engulfed Britain, and by implication, other countries who have had similar experiences over the last 20 years.

There was a long extract published by the Guardian on the 26th September 2010 which gives one a good feel for the book.  Here’s how that extract starts:

The British are a lost tribe – disoriented, brooding and suspicious. They have lived through the biggest bank bail-out in history and the deepest recession since the 1930s, and they are now being warned that they face a decade of unparalleled public and private austerity. Yet only a few years earlier their political and business leaders were congratulating themselves on creating a new economic alchemy of unbroken growth based on financial services, open markets and a seemingly unending credit and property boom. As we know now, that was a false prospectus. All that had been created was a bubble economy and society. Yet while the country is now exhorted to tighten its belt and pay off its debts, those who created the crisis — the country’s CEOs and bankers, still living on Planet Extravagance, not to mention mainstream politicians — all want to get back to “business as usual”: the world of 1997 to 2007.

There are many, many sentences in the book that have one gasping for breath.  One of them that particular struck me was one on Page 13, see below for the sentence in italics.  But let me include sufficient text to put the sentence into context:

Today, philanthropy or living according to a particular moral code does not confer status.  Only money is able to do that.  People start to question whether vocational career choices – in farming, teaching, medicine or science – make any sense when society rewards them so lowly while rewarding finance so high.  Material values start to crowd out altruism, philanthropy and restraint.

Then comes this staggering reflection:

Two incidents in September 2007 highlighted the new values.  Lance Bombardier Ben Parkinson, who lost both legs after a landmine exploded in Afghanistan, was offered £152,000 compensation by the Ministry of Defence.  The very same week, Eric Nicoli left his job as CEO of EMI – having failed to turn around the company – with a pay-off of £3 million. [My italics]

Earlier, on page 6, Hutton writes of Richard Lambert, head of the Confederation of British Industry, the CBI as having said in March 2010, “for the first time in history officers of a company can become seriously rich without risking any of their own money.”   Here’s another piece from that extract published in the Guardian:

We need a shared understanding of what constitutes fairness in order to restore our society. At present, there is none. The rich argue that it is fair for them to be so wealthy, in much the same way as Athenian noblemen believed that their riches were signifiers of their worth. They believe they owe little or nothing to society, government or public institutions. They accept no limit or proportionality to their wealth, benchmarking themselves only against their fellow rich. Philanthropic giving is declining; tax avoidance is rising; and executive pay is rising exponentially. All three are justified by the doctrine that the rich simply deserve to be rich. Meanwhile, the poor, in their view – and that of a virulent right-wing media – largely deserve their plight because they could have chosen otherwise. The mockery of chavs is premised on the assumption that they could be different if they wanted to be. The poor could work, save and show some initiative. So why should we indulge them by giving them state handouts?

This lies behind the arrogance with which bankers still defend their bonuses, in spite of everything that has happened over the past few years.

OK, you get my drift! I could go on and on but, hopefully, my point is made.  This book by Hutton is going to be another of his classics and may well be seen as the ‘tipping point’ when society looks back in a decade’s time with that wonderful 20:20 hindsight!

Finally, are there other conclusions to be made of Hutton’s approach?  Yes, of course.  Reading the comments posted on the Guardian web page will show you many.

By Paul Handover

The power of love

Your task is not to seek for love, but merely to seek and find all the barriers within yourself that you have built against it. Jala ad-Din Rumi 1207 – 1273

One would suspect that readers of this Post title would have many different responses to the word ‘love’.  Perhaps in this harsh, economically challenged world, it seems a little quaint to think about love in anything other than a romantic sense.

But, trust me, there’s nothing quaint or ‘away with the fairies’ about reminding us all of both the power of love and the urgent need to bring that power further up the scale of human consciousness.  Let’s even try and aim for where dogs are.  Dogs intuitively demonstrate unconditional love to those around them that they trust.

 

Dog love!

 

Before we look at the effects of love, let’s remind ourselves of some of the outcomes from the stress and trauma generated by present times.  A news item from the London School of Hygiene and Tropical Medicine published in July, 2009, said this:

Researchers at London School of Hygiene & Tropical Medicine and Oxford University estimated that soaring stress brought on by job losses could prompt a 2.4% rise in suicide rates in people under-64 years of age, a 2.7% rise in heart attack deaths in men between 30 and 44 years, and a 2.4% rise in homicides rates, corresponding to thousands of deaths in European Union countries, such as the UK.

Will Hutton, in his outstanding book, Them and Us, writes on Page 9:

Nor is the impact just economic.  The sudden flipping from the wild optimism of the boom to the personal gloom and self-doubt of recession and system-wide financial crisis is bad for health and well-being.

So it appears as if there’s no shortage of reasons why engaging the power of love offers infinite possibilities for us all.

The BBC recently reported on research that shows that people in love can lower their levels of pain.

Love hurts, at least according to many a romantic songwriter, but it may also help ease pain, US scientists suggest.

Brain scans suggest many of the areas normally involved in pain response are also activated by amorous thoughts.

Stanford University researchers gave 15 students mild doses of pain, while checking if they were distracted by gazing at photos of their beloved.

Later on it that BBC item, it reads thus:

Professor Paul Gilbert, a neuropsychologist from the University of Derby, said that the relationship between emotional states and the perception of pain was clear.

He said: “One example is a footballer who has suffered quite a painful injury, but who is able to continue playing because of his emotionally charged state.”

He added that while the effect noticed by the Stanford researchers might only be short-lived in the early stages of a love affair, it may well be replaced by something similar later in a relationship, with a sense of comfort and wellbeing generating the release of endorphins.

“It’s important to recognise that people who feel alone and depressed may have very low pain thresholds, whereas the reverse can be true for people who feel secure and cared for.

Prof Gilbert states on his web page that “After years of exploring the processes underpinning shame and its role in a variety of psychopathologies,

 

Prof. Gilbert

 

my current research is exploring the neurophysiology and therapeutic effectiveness of compassion focused therapy.” (My italics.)

The old adage that you can’t love another if you don’t love yourself is based on very high levels of awareness. So the starting point to gaining the power of love is self-awareness.  Here’s something from MIND:

Good mental health isn’t something you have, but something you do. To be mentally healthy you must value and accept yourself. This means that:

  • You care about yourself and you care for yourself. You love yourself, not hate yourself. You look after your physical health – eat well, sleep well, exercise and enjoy yourself.
  • You see yourself as being a valuable person in your own right. You don’t have to earn the right to exist. You exist, so you have the right to exist.
  • You judge yourself on reasonable standards. You don’t set yourself impossible goals, such as ‘I have to be perfect in everything I do’, and then punish yourself when you don’t reach those goals.

Finally, back to romantic love.  The most glorious feeling in the world.

Again expressed so beautifully by Rumi: “The minute I heard my first love story I started looking for you, not knowing how blind that was. Lovers don’t finally meet somewhere. They’re in each other all along.”

Some things are timeless.

By Paul Handover