And now
the redistribution of consumption
Robbing Peter to pay Paul? The Royal Society's approach to growth |
The Royal Society wants you to give up your lifestyle so developing countries can grow. But does it really work like that?
By
Raheem Kassam
Edmund
Burke’s prescience regarding the French Revolution and the inherent nature of
‘radicalism’ – that is to say the inevitability of spending, debt and tyranny
inflicted by leftist ideals – is just as relevant in the 21st century as it was at the time of his
writing ‘Reflections
on the Revolution in France’.
One of Burke’s most crucial points in my mind is the
remarkable nature of populist rhetoric and how the ideas of ‘Liberté, égalité,
fraternité’ would result in further subjugation of the masses at the hands of
Robespierre and subsequently, Napoleon.
Sold to the French in 1789 terms as, “We are the 99%”, the doctrine of maximum pricing (the ‘General Maximum’) led not only to rampant social discord as citizens squealed on their wealth creating neighbours, but further throttled the economy, the will to produce and made unfair scapegoats of those who had previously contributed the most to the French economy. Sound familiar?
Sold to the French in 1789 terms as, “We are the 99%”, the doctrine of maximum pricing (the ‘General Maximum’) led not only to rampant social discord as citizens squealed on their wealth creating neighbours, but further throttled the economy, the will to produce and made unfair scapegoats of those who had previously contributed the most to the French economy. Sound familiar?
With this in mind I write for you, incensed about the
new General Maximum all but suggested by ’23 eminent academics’ that The
Independent has quoted as calling for a radical ‘rebalancing’ of
global consumption. That’s right. Put down that latte.
Based on what can only be described as the
irresponsible usage of population growth predictions, the Royal Society has
sanctioned a report that both undermines its credibility and attempts to dupe
Western consumers into remorse over our ‘lavish’ lifestyles. Before we go any
further, even United Nations statistics show that while the global population
is set to grow between now and 2050 to over 8 billion, this will be an average
at which the Earth sticks to for the next 250 years after that. More junk
science and manipulation of data thus ensues.
The report suggests, like the farcical carbon trading scheme, a
pseudo-market in consumption trading, albeit on a voluntary basis (for now – we
know it never stays that way). Apparently, Westerners or those in developed
nations should be expected to level their consumption and then reduce it so
that those in developing countries can pick up the slack and have their own era
of growth. But this is the very kind of folie à deux that modern scientists
pass along – usually on the basis that ‘it sounds about right’ to those less in
the know, or the public at large. This 'robbing Peter to pay Paul' attitude
reduces economics from a science to idealism and must be rejected.
This kind of Bolshevist propaganda (there, I said it)
is predicated on the idea of finite resources, one that these very same
scientists would tell you we don’t have to stick to if we switch to
‘sustainable’ living and renewable resources? So which is it? To the informed
moderate, the solution lies somewhere in-between, with natural resources
playing a significant role up until the advent of secure, safe, affordable and
technologically advanced energy and food creation methods. Raising the prices
of natural resources in order to make renewables look
cheap is not a morally sound option.
This also applies to food and other resources. Some
people are already thinking up ways to endow
Earth with more to supply growing demand while the Royal Society
simply wants to shrink demand altogether. This is backwards economics supported
by unaccountable non-governmental organisations (NGOs) like WWF who have
recently taken to telling
people how to eat.
For developing economies to grow, it does not require
developed economies to give up their prosperity or growth but rather for
developed countries and their partner NGOs to release their strangle hold from
the throats of developing nations. From the common agricultural policy to
attempted ‘green’ mandates and blocking routes to international markets for
developing nations who fail to adhere to arbitrary standards, the developed
world has much blood on its hands.
Now the anti-growth lobby not only want you to curtail
your own consumption to attempt to ‘right’ this wrong imposed by you and your
taxes in the first place – but they also want to limit the growth of nations so
as to reflect a more ‘hospitable’ planet.
There was a time when pioneering and ingenuity was
rewarded. Today we seem to have regressed back to 1789, demonising
market-driven growth and attempting to replace it with tick boxes and failed
economic and development theories. Just yesterday The Independent publicised
another curtailment on the development of fracking for shale gas in the United
Kingdom – a strategy that will leave us reliant on foreign energy sources,
entangled in foreign wars and most pertinently to you and I – with much higher
energy prices.
In a final blow to common sense, the Royal Society
reports that ‘GDP is a poor measure of social well-being and does not account
for natural capital’. Yes – that statement does makes as little sense as it
first appears. A further explanation lies in the fact that this is yet another
organisation that partly relies on government subsidy to promote an anti-growth
agenda as best reflected in the below video which has gone viral on YouTube in
the past few days. They want countries to be gauged by their green credentials
and wind farms rather than per capita output.
The society boasts that Isaac Newton, Charles Darwin,
Ernest Rutherford, Albert Einstein, Dorothy Hodgkin, Francis Crick and James
Watson were life members. It is my contention that these innovators and
pioneers would be embarrassed of the pessimistic approach taken by modern
scientists, many of whom see themselves as activists and are indeed children of
ideology rather than professionals with a commitment to the scientific method.
The new ‘redistribution of consumption’ idea will in
no way lead to enhanced economic growth in the developing world, as shrinking
and protecting our economies will leave them no one to trade with. The best thing
the West can do for the developing world is to lower barriers to entry, scrap
targets and mandates and give innovators around the world a chance to bring
about a new industrial revolution.
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