The myth of the Social Contract

IT is a common observation, though no less powerful for being so, that we live in an atomized society where the individual rules supreme and the collective is dead. As Margaret Thatcher once said there is no such thing as society, or words to that effect. The key philosophical definition is provided by methodological individualism …

Land ownership and tax

DOES it make sense to say that anyone owns land? Ever since the times of the Roman Empire we have had a notion of ownership in terms of absolute dominion over property. But as the late David Graeber wrote in Debt: The First 5,000 Years this idea is ‘really derived from slavery’. “One can imagine …

The myths that justify inequality

HOW did it come to this? “In 1971 Britain was among the most equal societies on earth in terms of both household income and wealth. Today we are one of the most unequal.” So writes Robert Verkaik in Why You Won’t Get Rich. For him it is largely the result of government decisions. For, as …

From the collective to the individual

IN some parts of Western society individualism rules supreme and reaches its apogee in neoliberalism in which the only relation that exists between individuals is transactional. This relationship is encapsulated within the mythical figure of Homo Economicus who is supposedly driven solely by rational self-interest and becomes a consumer and spectator in society rather than …

Long live the Idiot!

OVER the past 30 years or so humanity has been stealthily infantilized as advertisers, powerful lobby groups, thinktanks, governments and social media giants have infiltrated our brains. Whether it’s the relentless pursuit of instant gratification or the echo chambers of Facebook our willingness to surrender our privacy and even the direction of our lives has …

Back to the commons!

FOR more than 50 years the idea of commonly owned land has been blighted by Garret Hardin in his hugely influential article The Tragedy of the Commons. Hardin claimed that environmental disaster would ensue if land was in common ownership as the the population grew because he assumed that individuals would only think of their …

What is the point of work?

NO, seriously, what is the point of work? It may sound like a frivolous question but the answer has serious consequences. Is work inherently valuable or is it valuable only for what it provides? What would life be like without certain jobs? Consider our current situation. It’s almost unimaginable what life would be like without …

Necessity, freedom and anxiety

MANY critics of today’s society concentrate on neoliberalism, taking it to be a kind of Capitalism on steroids. If only it could be overcome, then Capitalism itself can be tamed and shown to have a human face as wealth is redistributed and the Welfare State rebuilt. A previous blog – Death of a superhero – …

The death of a Superhero – Homo Economicus?

“‘Nowadays people know the price of everything and the value of nothing.’ Oscar Wilde in The Picture of Dorian Gray. WHAT is economic value and how is it created? This a key question and one that hasn’t seriously been addressed for a long time. For some it underpins all the critiques of modern capitalism including …