The Other I

June 19, 2017

I missed something big

Filed under: The Economy: a Neophyte's View — theotheri @ 8:27 pm

When I was a Maryknoll nun hoping to work with the underpriviledged in a developing country, my hopes and plans could be summed up in a single motto:

It is better to teach a man how to fish than to give him a fish.

I have had the same values ever since, whether I was thinking about religion, politics or the economy.  Consequently, I have tended to favour government policies aimed at creating jobs rather than primarily charitable hand-outs.  It’s an attitude of many Americans who came to this land for a chance to work hard, not for hand-outs.  The assumption was always that if one worked hard enough, one could improve one’s lot.  And for millions of Americans, that has been true for many years.  Even today, some of the most successful companies in America were founded by first or second generation immigrants.

Image result for fishing

http://www.fish.wa.gov.au

Personally, it is an attitude that suits my own psychology.  I am keenly aware of the often unearned help I have been given in my life.  But whenever I can I want to do things myself.

These values also permeated the way I taught at university.  When students produced an unsatisfactory assignment, my policy was to tell them how to do it better.  And then to give them a chance to do the assignment again.  That way, they had a chance not only to earn a better grade, but more importantly, they had help developing skills that would serve them for a life time.

I still hold these values.  But I think now I was missing something big developing in unrecognized steps for probably the last 30 years.   I did not see how, little by little, hard work was not being rewarded.  Rather the middle class was shrinking, as a small number moved into hugely financially rewarding jobs, but an increasing majority were paid for work that did not keep up with the increasing cost of living, or were made unemployable altogether.

I think this might be the key explanation for the far right support for politicians like Trump, and far left movements here in the UK and Europe.  I was never even tempted by the far right, and here in Britain the far left reminded me too much of the failed and corrupt Communists governments which have been overthrown in Eastern Europe.  Too often it seemed to me, everybody except corrupt government officials were punished for raising their heads above a level playing field.  Innovation was punished if it was too successful.  For the “working class,” it was criminal to be rich.

In the meantime, as a species we are experiencing increasing resentment of others and violence against people we consider to be “different.”  Rather than benefiting from our differences, we are trying to obliterate them.

I don’t have the answer to this increasing inequality.  I do read a lot of analyses by economists but I find I can analyze wrong answers much more easily than I can identify answers that will start righting this hugely destructive inequality which condemns too many people to their station in life, no matter how hard they work.  Taxing the rich too strongly risks re-creating the kind of brain drain out of the high-tax country that the Labour government created by its taxing policies in the 1970’s.  But the view favoured by the Republicans like Trump that it is the rich who create jobs has shown not to be accurate either.  And the risk of making people dependent on government for basics such as food and housing and child care condemns those people to the potential of life-long dependency on the state.

I still think it is better to teach a man to fish than to give him a fish.  But as I say,  I missed something big.

And I don’t really know the answers.

 

 

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4 Comments »

  1. At least the west has the data on what’s happening which should enable constant course correction, assuming, of courses, there is clarity on goals.

    We here have employment guarantee schemes so poorly overseen it’s a huge drain of tax-payer’s money though the intentions are noble. Execution excellence is as necessary as noble intentions in driving these programs.

    Like

    Comment by tskraghu — June 19, 2017 @ 9:00 pm | Reply

    • I take your point. It is also becoming clear that an economic policy that succeeds in one society doesn’t necessarily succeed in a society with different cultural, religious, and social practices and norms. It’s not simple, this prospect of justice and prosperity, is it?

      Liked by 1 person

      Comment by Terry Sissons — June 22, 2017 @ 4:32 pm | Reply

  2. Terry, once again…you are so thoughtful!
    May I recommend two new books?
    This Fight is Our Fight by Elizabeth Warren…Senator from Massachusetts
    and
    No is not enough..resisting Trump’s shock politics and winning the world we need
    by Naomi Klein. I’ve read several of her books…No Logo …and The Shock Doctrine…
    Then there is Sorokin’s recommendation…what the world needs now is a dozen St. Francis’s of Assisi.
    I’m not volunteering so I keep reading…
    Love,
    Beth

    Like

    Comment by Beth Bastasch — June 20, 2017 @ 12:37 am | Reply

    • Beth, thank you so much for your comment and recommendations. The one I think I will start with is Elizabeth Warren. If the Democrats are going to come up with a firm set of proposals of their own, I suspect they are going to emanate from thinking politicians like Warren and Sanders. I certainly agree with N Klein that simply saying no is not enough. But I’m not sure about needing a dozen St. Francis of Assisi’s. Sounds too much like sacrificial charity – more like giving a man a fish rather than teaching him how to fish, if you know what I mean. But if I’m going to disagree with Warren, I think I’d better know what I’m talking about.

      Hope to touch base with you again soon. Love, Terry

      Like

      Comment by theotheri — June 22, 2017 @ 7:45 pm | Reply


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