It has ever been thus!

This Labour Party poster from 1930 illustrates that we are in exactly the same situation today as we were after the Wall Street crash of 1929. Then as now, the collapse in the capitalist system led to an era of  ‘austerity’ justified on the basis of “we’re all in this together” style “equality of sacrifice”. Then as now, the rapid withdrawal of government spending led to recession, which in turn led to depression and ultimately to World War II. The great Keynsian economic revelation that emerged from this sequence of tragedies was that in a crisis of capitalism a managed economy with extensive and targeted public spending is the only to way back to growth.

Indeed, it is possible to argue that the Western world did not recover from the Wall Street crash until the outbreak of WWII impelled governments to take absolute control of the economy and directly manage industrial production and distribution.

In any event the history of the 1930’s demonstrate that expecting the “private sector” to be the saviour of the Western economic system (as Cameron’s Conservatives currently do) is ideological and economic nonsense. To use the near fatal crisis in freemarket corporate capitalism to justify pursuing the ideological aims of freemarket corporate capitalism,  such as dismantling the Welfare State, is historically blind, economically inept,  morally bankrupt and most of all mind-numbingly STUPID!

Of course this fabulous poster comes from a time when the Labour Party actually had Socialist aspirations rather than simply being the slightly left of centre wing of a centre-right, corporate-capitalist political class.

About I Am Not A Number

I Am Not A Number is written by Chris Jury. For 30 years Chris Jury was a TV actor, director and writer best known for playing Eric Catchpole in over 60 episodes of the BBC’s antique classic, Lovejoy, and for directing over 50 episodes of Eastenders. In 2008 he was appointed as the Senior Lecturer in Recorded Media in the School Of Music & Performing Arts at Bath Spa University. He currently presents, Agitpop, a pop & politics radio discussion programme on North Cotswold Community Radio He is currently the Communications Officer for UCU at Bath Spa University and a UCU SW Regional Rep at SWTUC.
This entry was posted in Graphics and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to It has ever been thus!

  1. You make a good point. Thoughts have been provoked. Robin Hood had a good idea.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s