“…some measure of inequality is
essential for the spirit of envy and keeping up with the Joneses that is, like
greed, a valuable spur to economic activity…” – Boris Johnson, giving the Margaret Thatcher memorial lecture
on 27 November 2013.
There was a
time when Boris Johnson’s comments above would have been recognised as an
outrage against a shared morality and common decency. But no one seemed to pay
much attention when he made them in a recent speech (although there was media interest
in his crass remarks, in the same speech, about how many of our “species” [sic]
have IQs below 85).
Johnson links
the claimed beneficial effects of greed and envy to the operation of
capitalism. It is quite astonishing that he does so only years after a
worldwide economic disaster, which was caused primarily by the greed of very
rich people in the finance industry in New York, London and elsewhere.
Johnson
thinks envy is good because it causes people to spend money on material goods. Billions of pounds are spent annually in the
UK in PR and advertising budgets in order to stimulate envy. Johnson does not
seem to care that, partly as a result, private debt is now close to an all-time high nor that people motivated by envy are destined to be forever unfulfilled.
Greed and
envy have been condemned by societies worldwide for thousands of years. They
are two of the Christian seven deadly sins. They are regarded as sins not only
by Christianity but also by Islam, Socialism, Hinduism, Humanism, Judaism,
Marxism, Buddhism and almost every other belief system which contains a moral
code.
Throughout
history there have, of course, always been people who have been motivated by
greed and envy. However, such people have also always been aware of society’s
grave disapproval and so they have invariably done whatever they could to hide
the shameful truth. Hypocrisy, as has been said, is the homage that vice pays
to virtue.
So how is it
that in 2013 a politician’s praise for greed and envy does not shock? It is because for thirty years we have been
told that what Johnson was saying is right - even though it is very wrong. Johnson
was simply articulating essential elements of Neo-Liberalism or Thatcherism.
Although,
Thatcherites might not admit it, the morality of Thatcherism appears to owe a
great deal to the ideas of Ayn Rand, an American who died in 1982. Rand's philosophy of hyper-individualism is highly influential today within the US in
general and within the Republican Party in particular – Paul Ryan, who was Mitt Romney’s running mate has been much influenced by her work.
Rand’s
philosophy ran counter to previous moral codes. Her philosophy was summed up in
the title of one of her books –“The Virtue of Selfishness”. Envy and greed were
just fine by Ayn Rand. Thatcherism was all about individuals out to better
themselves without being concerned for others. Thatcher notoriously declared
that –“there is no such thing as society”.
Rand thought
that the super-rich were heroes, who deserved to be honoured and respected
purely on account of their wealth. Last month, Johnson lauded the “hedge fund
kings” and proposed that the richest should receive automatic knighthoods.
For Rand the
ultimate good was not society, let alone happiness, but was money. At her
funeral, one of her very closest disciple, Alan Greenspan, who as head of the
Federal Reserve was at the heart of the world’s financial system for 19 years,
placed a six foot floral tribute in the shape of a dollar sign near her casket.
Rand and
Thatcher’s ideas have had an insidious and deeply damaging effect on our culture. Once we would
have known immediately that greed and envy are bad. Now we barely notice when
an ignorant politician who has no idea of what is really important in life –
like decency and humanity - praises two vices, which destroy the lives of other
people and a person’s own soul too.