Seeing that I’ve got myself into a mood for putting bad things right, let’s take a squint at the dominant force that drives just about everything in our lives these days.
It’s money. We are told that it makes the world go round and, not being any sort of astrophysicist I’m in not position to disprove that hypothesis. But look at what we do with it.
We encourage inventor and the creative types in our populations to come up with ideas and then proceed to manufacture stuff if those ideas are about new products. It’s called a free market economy and it works. It’s good for the thinkers and its good for the consumers who get what they might otherwise never dream of having, and I can’t argue with it. And if the creator needs a bit of financial assistance then there’s absolutely nothing wrong, as I see it, for a few mates to risk their own cash and invest with him. It makes sense. He probably can’t afford it on his own, and those mates stand to make a killing or a loss depending on how things go.
But greed has to start stepping into the system. Now personally I would place the blame firmly on the shoulders of the late Mrs Thatcher when she was the prime minister. She got the idea that those who enjoy gambling (and that’s what it can be) on the stock exchange might like to gamble on a certainty, and that, of course, is no gamble at all, not if the returns are guaranteed profits.
So utilities, owned by the people and not her, don’t forget, were put up for sale and some were bought by ordinary Joes like thee and me (if you are an ordinary Joe, that is) and others were bought by confirmed gambling addicts like City men both here and overseas. We all knew what happens when ordinary Joes see a sudden profit … they sell up and take the cash, and that happened because the shares were undervalued in the first place. And those with already too many shares buy some more. So in the end there’s a gravitational drift of money to the few as small profits are taken by Joe this and Annie that. It turns out that the utilities that serve us, via the gift of stock market gambling, are owned in part by foreign investors who rather like the situation.
So the newly privatised utilities are no longer run by the inventor who had a personal interest in seeing his bright idea succeeding but by managers who are on an albeit decent wage, but who are just managing for somebody else. And in order to seem successful they have to make sure the profits keep rolling in, and don’t forget the profits are not just the cost of the end product but a slice, a percentage, for the investor. The dividends. It probably brightens many a dull morning when they clink into bank accounts the world over.
The managers, being generally bright boys or girls, have to make changes to the original product or service in order to enhance profits and keep their jobs, so cuts are made. These cuts are originally meant to pass unnoticed by the rest of us, but things like that can pile up over time. Amnd it was those cuts that meant that my lovely wife’s sister’s birthday cards didn’t arrive on time for her 88th. Not one of them. And most people are only 88 once.
Money has become the servant of both the king and the swine that creates misery on birthdays. But less of that.
The nett result of the above happening in public service after public service is that for everything we ordinary Joes or Annies pay for, a slice of what we pay is whittled off to enhance the piles of dividends paid to anyone who had the foresight, the wherewithal and the moral compass to buy a slice of what they knew shouldn’t really be up for sale in the first place. But it was because a politician said it’s all right that it was.
Talking of politicians, have you ever given any though as to what qualifications most of them have? It’s worth pondering the issue. Because many of them (and note, I’m not saying all) are merely immoral seekers after personal glory and wealth. Does anyone come to mind? A bloke who’ll lie through his teeth and pretend that he isn’t? You know, the PM who caught Covid way back during the early stages of the outbreak of the damned virus and somehow both survived and managed to recover in record time by playing sudoku? Not that I’m suggesting that anything was devious or suspicious about it. I wouldn’t dare. The man’s clearly as honest as the day is long…
I bet he’s got shares in everything going.
© Peter Rogerson 20.03.22