Obama wins the Nobel Peace Prize. Is this a joke?

I am still rubbing my eyes in disbelief - UPDATED

So what are the odds? The week I write a cover story for the New Statesman, arguing that President Obama has turned into "Barack W Bush" and is emulating his predecessor's policies on human rights, civil liberties, Afghanistan and a host of other issues, the bloody Norwegians go and give him a Nobel Peace Prize. You couldn't make it up.

Over the past couple of years, the cult of Obama has elevated him to a godlike, saint-like, superhuman position in the global political landscape. He is a celebrity, he is an icon, he is a political phenomenon. And just when you thought his international sheen was rubbing off, with his failure to win the 2016 Olympics for his adopted city of Chicago, he goes and wins the world's most prestigious civil liberties award. Obamaniacs, rejoice!

So why has he got the prize? Here is the flaw in the Norwegians' groupthink, as reported by the BBC:

Asked why the prize had been awarded to Mr Obama less than a year after he took office, Nobel committee head Thorbjørn Jagland said: "It was because we would like to support what he is trying to achieve".

"It is a clear signal that we want to advocate the same as he has done," he said.

So the Nobel guys are giving him an award for peace before he has actually achieved peace -- specifically, they say, in the field of global nuclear disarmament and the Obama resolution at the UN last month -- which, of course, they have a bad track record of doing. Remember when they awarded the Nobel Peace Prize to Yasser Arafat, Yitzhak Rabin and Shimon Peres in 1994? Perhaps the news hasn't reached Oslo yet but, 15 years on, the Holy Land remains mired in bloodshed, hatred and conflict, with no Palestinian state in sight.

And then, of course, there's Henry Kissinger. His receipt of the prize in 1973, in the wake of his war crimes against Vietnam, Laos and Cambodia, prompted Tom Lehrer to remark: "Political satire became obsolete when Henry Kissinger was awarded the Nobel Prize."

I'm not sure what the satirists will say this time round, but I eagerly await Jon Stewart's take on The Daily Show on More 4 next week . . .

UPDATE I (10 December): So Obama has accepted his prize this afternoon, in Oslo. Since I last blogged on Barack and the Nobel [above], the US president has decided to heed the advice of his generals and send 30,000 extra troops to fight and die in the valleys and mountains of the Hindu Kush. The Times headline says it all: "Barack Obama accepts Nobel Peace Prize with stern defence of war". How absurd. And depressing. The 2009 Nobel Peace Prize winner had to start his speech by acknowledging the controversy over the choice of a wartime president for the prize. When Henry Kissinger was awarded the prize in 1973, Tom Lehrer remarked: "It was at that moment that satire died...There was nothing more to say after that." Touché.

UPDATE II (10 December): Simon Reid-Henry has blogged from Oslo for the NS here.

Mehdi Hasan is a contributing writer for the New Statesman and the co-author of Ed: The Milibands and the Making of a Labour Leader. He was the New Statesman's senior editor (politics) from 2009-12.

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In your 30s? You missed out on £26,000 and you're not even protesting

The 1980s kids seem resigned to their fate - for now. 

Imagine you’re in your thirties, and you’re renting in a shared house, on roughly the same pay you earned five years ago. Now imagine you have a friend, also in their thirties. This friend owns their own home, gets pay rises every year and has a more generous pension to beat. In fact, they are twice as rich as you. 

When you try to talk about how worried you are about your financial situation, the friend shrugs and says: “I was in that situation too.”

Un-friend, right? But this is, in fact, reality. A study from the Institute for Fiscal Studies found that Brits in their early thirties have a median wealth of £27,000. But ten years ago, a thirty something had £53,000. In other words, that unbearable friend is just someone exactly the same as you, who is now in their forties. 

Not only do Brits born in the early 1980s have half the wealth they would have had if they were born in the 1970s, but they are the first generation to be in this position since World War II.  According to the IFS study, each cohort has got progressively richer. But then, just as the 1980s kids were reaching adulthood, a couple of things happened at once.

House prices raced ahead of wages. Employers made pensions less generous. And, at the crucial point that the 1980s kids were finding their feet in the jobs market, the recession struck. The 1980s kids didn’t manage to buy homes in time to take advantage of low mortgage rates. Instead, they are stuck paying increasing amounts of rent. 

If the wealth distribution between someone in their 30s and someone in their 40s is stark, this is only the starting point in intergenerational inequality. The IFS expects pensioners’ incomes to race ahead of workers in the coming decade. 

So why, given this unprecedented reversal in fortunes, are Brits in their early thirties not marching in the streets? Why are they not burning tyres outside the Treasury while shouting: “Give us out £26k back?” 

The obvious fact that no one is going to be protesting their granny’s good fortune aside, it seems one reason for the 1980s kids’ resignation is they are still in denial. One thirty something wrote to The Staggers that the idea of being able to buy a house had become too abstract to worry about. Instead:

“You just try and get through this month and then worry about next month, which is probably self-defeating, but I think it's quite tough to get in the mindset that you're going to put something by so maybe in 10 years you can buy a shoebox a two-hour train ride from where you actually want to be.”

Another reflected that “people keep saying ‘something will turn up’”.

The Staggers turned to our resident thirty something, Yo Zushi, for his thoughts. He agreed with the IFS analysis that the recession mattered:

"We were spoiled by an artificially inflated balloon of cheap credit and growing up was something you did… later. Then the crash came in 2007-2008, and it became something we couldn’t afford to do. 

I would have got round to becoming comfortably off, I tell myself, had I been given another ten years of amoral capitalist boom to do so. Many of those who were born in the early 1970s drifted along, took a nap and woke up in possession of a house, all mod cons and a decent-paying job. But we slightly younger Gen X-ers followed in their slipstream and somehow fell off the edge. Oh well. "

Will the inertia of the1980s kids last? Perhaps – but Zushi sees in the support for Jeremy Corbyn, a swell of feeling at last. “Our lack of access to the life we were promised in our teens has woken many of us up to why things suck. That’s a good thing. 

“And now we have Corbyn to help sort it all out. That’s not meant sarcastically – I really think he’ll do it.”