Re: [Marxism] Labour’s Economic Plans: What Went Wrong? | Novara Media

2019-12-17 Thread MM via Marxism
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> On Dec 17, 2019, at 8:47 PM, Louis Proyect via Marxism 
>  wrote:
> 
> https://novaramedia.com/2019/12/17/labours-economic-plans-what-went-wrong/


Meadway makes an odd slip at a crucial point. Here’s the salient passage:

"The economy is a zero-sum game.

"This is the starting point. Understanding this was critical to the success of 
the 2017 manifesto. Failing to understand it was critical to the failure of 
2019. The economy has grown, weakly, since 2008. Real  wages have not and 
public services have disintegrated. An economy that behaves like this, in which 
some people get richer but most very visibly do not, is one in which the broad 
promise of growth has broken down. Many people perceive the economy to be, 
broadly speaking, a racket in which a minority at the top are doing well at the 
expense of others, and they are, broadly speaking, quite correct.

"To see the economy like this is to see it as a zero-sum game whose brutal 
logic is this: I can only do better if somebody else does worse. If I want to 
be better off, someone else must be worse off. There are, of course, plenty of 
‘Keynesians’ out there who might see that improving the functioning of the 
economy – through investment and so on – can produce gains for everybody, and 
that the question is the distribution of the gains from this growth. But for 
significant numbers of people, and particularly for those people who have found 
themselves on the wrong side of a zero-sum game for a long period of time, such 
arguments don’t work. Note that austerity reinforces these arguments: the worse 
things get, the harder it can seem to imagine things getting better. (I made a 
barebones version of this argument in a piece I wrote back before Jeremy was 
first elected.)”

There’s an ambiguity in this argument which Meadway leaves unresolved: Is he 
arguing that every economy (or at least the UK’s economy) is, as a matter of 
political-economic law, a “zero-sum game,” or is he arguing that *people 
perceive the economy* to be a “zero-sum game,” and therefore that’s the social 
/ psychological reality in relation to which electoral political strategy has 
to be formulated? The reference to “Keynesians” suggests that the former isn’t 
really the case (although the reference itself is unhelpfully flippant), but 
then the rest of his argument seems to assume the contrary: It’s always 
necessary, not just as a matter of politics but as a matter of economics, to 
show “how things will be paid for,” and this is understood in terms of *who 
will be taxed to pay for them*.

So this seems like another example of an ostensibly left thinker perpetuating 
the (false) premise that social programs are paid for out of taxes — rather 
than, as the author seems to want to be credited for doing, *strategizing in 
light of the fact that many people (falsely) believe that social programs are 
paid for out of taxes* (which leaves open the possibility of pointing towards 
another horizon).

To the extent that left forces engage in electoral politics, our message should 
be, “Don’t worry; we’ll tax the shit out of the rich in due course — but that 
will be easier once you’ve got what you need, so making sure of that is our 
first priority, and we don’t need their money to do that.” Or words to that 
effect.

We need to stop perpetuating the enabling myths of ruling class rule. We need 
to stop making their war against us so easy for them.


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[Marxism] Labour’s Economic Plans: What Went Wrong? | Novara Media

2019-12-17 Thread Louis Proyect via Marxism

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