Monday, August 15, 2011

The British Non-Working class riots

Theodore Dalrymple best expressed what is and has been happening in Great Britain lately.

"The riots are the apotheosis of the welfare state and popular culture in their British form. A population thinks (because it has often been told so by intellectuals and the political class) that it is entitled to a high standard of consumption, irrespective of its personal efforts; and therefore it regards the fact that it does not receive that high standard, by comparison with the rest of society, as a sign of injustice. It believes itself deprived (because it has often been told so by intellectuals and the political class), even though each member of it has received an education costing $80,000, toward which neither he nor—quite likely—any member of his family has made much of a contribution; indeed, he may well have lived his entire life at others’ expense, such that every mouthful of food he has ever eaten, every shirt he has ever worn, every television he has ever watched, has been provided by others. Even if he were to recognize this, he would not be grateful, for dependency does not promote gratitude. On the contrary, he would simply feel that the subventions were not sufficient to allow him to live as he would have liked."

It's difficult to be more incisive than that, so I won't try, and the entire article linked above is worth the read.

After the 2008-2009 financial turmoil, I recall reading financial commentators who predicted that a crisis of the sort that happened, not a typical boom and bust recession, but one where a fundamental de-leveraging was occurring, a bank and debt crisis, was the type of crisis that would lead to violence, and war. Of course a vague prediction of that sort, probably can be made anytime with some accuracy. But when I read it, it felt ominous almost Orwellian. 
Where will the next war begin or will the ones we have already grow, and become more widespread? Is the violence internal and specific to certain countries? What kind of violence? The advisors I read, pointed to violence related to the economy. Again, is there any other kind? Just about any kind of violence that does not have a sociopathic cause, is caused by economics, any war, any criminal violence, just about everything has an economic root.
The British violence has an economic root too, but its economics according to what Dalrymple suggested above, and what Stefan Molyneux has researched below. 

    

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