that the most important sector of society is the business and financial communities. They are the key sectors of society and their success is the foundation for everyone's success. Thus, all taxation policy has been geared to enhance business. All regulatory policies have been the same. This is because the interests of the business and financial communities are the interests of the nation. Trade unions have been systematically demonised because they oppose the naked self-interest of business as they seek to increasingly exploit their workforce and withdraw their rights, which, in the philosophy of the Westminster pigsty, are both anti-social and unpatriotic. This is accepted as right and proper because when workers oppose fundamental business practice they are obviously opposing the national interest and therefore both anti-social and unpatriotic. Rights are a cost and all costs must be minimised which is the proper patriotic thing to do. Thus, rights to holidays, overtime payments, pensions, etc. but most importantly of all, the right to withdraw your labour, are unacceptable costs that constrain the ability of business and finance to represent the national interest, which, in our 'post-truth' society translates into the will of the people. This is standard and received economic wisdom according to the perverted narrative of the modern free market world.
As I told you, I will refer to Adam Smith in my analysis of this narrative, as there is no necessity to appeal to Marx or Engels or any of the other latter day demons whose very name evokes scorn and derision if you raise them in respectable company. There is no one so respectable as Smith in a discussion of market economics as he is the person responsible for guiding us in how we make the market work to our best advantage, isn't he? Well no actually. For a start, Smith is quite unequivocal, the real wealth of a nation is labour, which, when I raise this in 'informed' company, is greeted with derision. We truly hold all working people in utter contempt today. I have raised this in earlier posts so will not expand on it here, I will merely quote Smith
"The wages of the labourer, it has already been shewn, are never so high as when the demand for labour is continually rising, or when the quantity employed is every year increasing considerably. When this real wealth of the society becomes stationary, his wages are soon reduced to what is barely enough to enable him to bring up a family, or to continue the race of labourers. When the society declines, they fall even below this. The order of proprietors may perhaps gain more by the prosperity of the society than that of labourers; but there is no order that suffers so cruelly from its decline".
Smith goes on
"But though the interest of the labourer is strictly connected with that of the society, he is incapable either of comprehending that interest, or of understanding its connexion with his own. His condition leaves him no time to receive the necessary information, and his education and habits are commonly such as to render him unfit to judge, even though he was fully informed. In the public deliberations, therefore, his voice is little heard, and less regarded; except upon particular occasions, when his clamour is animated, set on, and supported by his employers, not for his, but their own particular purposes".
He then goes on to discuss the attitude of employers and all those who live, not by labour, but from the profit of that labour, but, tells us that the rate of profit 'is always highest in those countries that are going fastest to ruin'. How apt that is for twenty-first century Britain, and why does that happen? because the interests of those who live by profit 'has not the same connexion with the general interest of the country' as those who live by their labour. With respect to the interests of 'employers, merchants and master manufacturers', I must include a rather lengthy quote so you can see I am not distorting his work for my own argument
"As their thoughts, however, are commonly exercised rather about the interest of their own particular branch of business. than about that of the society, their judgment, even when given with the greatest candour (which it has not been upon every occasion), is much more to be depended upon with regard to the former of those two objects, than with regard to the latter. Their superiority over the country gentleman is, not so much in their knowledge of the public interest, as in their having a better knowledge of their own interest than he has of his. It is by this superior knowledge of their own interest that they have frequently imposed upon his generosity, and persuaded him to give up both his own interest and that of the public, from a very simple but honest conviction, that their interest, and not his, was the interest of the public. The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market, and to narrow the competition, is always the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public; but to narrow the competition must always be against it, and can only serve to enable the dealers, by raising their profits above what they naturally would be, to levy, for their own benefit, an absurd tax upon the rest of their fellow-citizens. The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it".
In his discussion of money and the banking system he argues for necessary regulation to restrain them exercising their freedom if that freedom will damage society. I have used this passage before in other posts, so forgive me for repeating it
"Such regulations may, no doubt, be considered as in some respect a violation of natural liberty. But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments; of the most free, as well as or the most despotical. The obligation of building party walls, in order to prevent the communication of fire, is a violation of natural liberty, exactly of the same kind with the regulations of the banking trade which are here proposed".
He then reminds us of the character of our ruling classes in his famous passage which Tories and modern free market economist conveniently love to forget
"All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind".
We can see here, that, according to Adam Smith, the inordinate profits that business considers their right, and which are supported enthusiastically by the pigsty, are, 'an absurd tax' on the British people. In addition, when we see the pigsty proposing tax relief on billionaires, cutting corporation tax, paying outrageous bonuses etc. such proposals should be 'long and carefully examined, not only with the most scrupulous, but with the most suspicious attention'. There is much I could write on how Adam Smith has no relationship with the economism we see in today's world. That is why I tell you that it is evident that no-one actually reads him today, and why I tell you that modern economics are a fraud and a lie. It is a gross impertinence and a libel to associate a great man's writings with the perverted filth that we call economics in today's world. What we call economics is not economics, it is actually something else. What it is, is something for another time as it would take far too long to elaborate here, but suffice it to say that economics, as it was envisaged by its great founders, has been dead for a long time, deliberately destroyed by gangsters and charlatans. You have been warned
Your Servant
Doktor Kommirat
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