David Cameron: from foolhardy champion swimmer to panicked doggy-paddler

The prime minister's party conference speech had only regurgitated rhetoric, with no policy, ideas or budget to back it up.

 

Do you remember that funny 1980s film, Weekend at Bernie’s? Two losers trying to pretend that their boss hadn’t really died, so that they may continue to party at his expense? That, for me, was the inescapable image of the Conservative Party conference.

The corpse, in this case, is the government’s neoliberal economic policy, complete with comedy hat and sunglasses. The rigor mortis of contraction and unemployment is making it increasingly difficult for George Osborne to manipulate the arm into nonchalantly waving at a passing Christine Lagarde. She’s not buying it. The party is over.

I was fully prepared to write a piece attacking all the erroneous figures, the misquoted statistics, the circular arguments. But I won’t. Firstly, because it is futile; the depressing truth is that nobody with the intellect to be interested in such writing believes much of what this (or any) government says. Secondly, because, having heard Cameron’s evangelical call to arms, there are more fundamental things to address.

“I'm not here to defend privilege. I'm here to spread it”, says Cameron. The delegates cheer ecstatically. But what is the reality behind the one-liner? Privilege is by definition what one has above what others have. The very core of privilege is inequality. In short, the prime minister of a country in which less than 10 per cent of the population control more that 50 per cent of the wealth, wants more inequality. Of course he does, he is part of that 10 per cent.

Still, we mustn’t resort to the “politics of resentment”, we were told with metronomic regularity this week. We mustn’t think ill of those hard-working people who do well. The implication being that, if you’re not doing well, you’re just not working hard enough. Also, that all those who do well, have worked hard. Like Osborne and Cameron who inherited their wealth.

Cameron saluted “the doers” and “the risk-takers”. The Doers and Risk-takers in the City of London and Wall Street, those arsonists largely responsible for setting the world on fire, salute you back, David. And why shouldn’t they? They are seemingly untouchable by regulation, prosecution – and now, even resentment.

On the other hand, when it comes to resenting the poor, the unemployed, the unionised, the immigrant, the sick, the squatter, the public servant, the European, the young, the old, the intellectual, the Muslim, the demonstrator - resentment is not only allowed. It is encouraged.

In this current climate of unemployment and misery, it has never occurred to me when leaving home for a job, to be anything other than grateful that I have a job. I have never glanced at a neighbour’s drawn blinds and thought “you lucky sod, surviving on sixty quid a week”.

The reason 2.6 million unemployed cannot be shoe-horned into three hundred thousand vacancies is mathematics. Not a lack of aspiration.

That word - aspiration… Repeated again and again. “Conservatives are the party of aspiration.” They are here to help those who aspire. “The young people who dream of their first pay cheque, their first car, their first home – and are ready and willing to work hard to get those things.” More cheers from the hypnotised delegate-flock.

It doesn’t occur to David Cameron how utterly depressing it is for the leader of this country to define “aspiration” as the lust for money, cars and property.

It never occurs to him how hypocritical it is for this to come from someone who knew they would get a car as a present on their eighteenth birthday, always have a comfortable home to live in and a pay cheque guaranteed upon graduation because daddy could pull strings.

It does not occur to him how hilariously at odds this is with his rhetoric on the big society. How it exposes the idiocy of the expectation that once this fictional young person, bred to be selfish and materialistic, has accumulated enough pay cheques, enough cars, enough homes, they will go out and run a soup kitchen for those “less aspirational”.

It never even occurs to him that this mass psychosis, of judging success solely by reference to what each person can grab for themselves, is at the root of the social decay he bemoans; at the root of crime, poverty, environmental damage, the looting last summer, the financial crisis in 2008.

But most frighteningly, it does not appear to occur to him that the position of prime minister involves more than passionately delivered, hollow words.

Last year, he framed his speech with “Britannia didn’t rule the waves with her armbands on”. This year he says “it is time to sink or swim”. An elegant, if unwitting, indication of how his thinking has moved on; from foolhardy champion swimmer to panicked doggy-paddler.

The UK economy is fast becoming a small makeshift raft, cobbled together from antiquated dogma, U-turns and fiascos, adrift in a sea of global uncertainty. Selling off the planks to passing sharks is not a solution. When the water is ankle-deep, crew and passengers look to the captain for action, not regurgitated rhetoric, however deftly delivered.

All he can do is stand there and shout passionately “The Free Market will save us! Enterprise will save us! Aspiration will save us!” Abstract, deified, neoliberal concepts without a smidgeon of policy, detail or budget to back them up.

I recognised his speech for what it was: A drowning man’s gurgling prayer.

 

David Cameron. Photograph: Getty Images

Greek-born, Alex Andreou has a background in law and economics. He runs the Sturdy Beggars Theatre Company and blogs here You can find him on twitter @sturdyalex

Getty
Show Hide image

George Osborne takes up job at BlackRock - but what does it mean for politics?

The former Chancellor insists he hasn't forgotten about the Northern Powerhouse.

George Osborne is to take up a part-time role at asset management giant BlackRock.

The former Chancellor is understood to have been hired by the chief executive of the world's biggest investor, Larry Fink. He will be working alongside his former economic adviser Rupert Harrison.

The appointment has been approved by the Independent Appointments Committee and Osborne intends to continue as a backbench MP.

He said: "I am excited to be working with the BlackRock Investment Institute as an adviser. BlackRock wants better outcomes for pensioners and savers - and I want to help them deliver that. It's a chance for me to work part-time with one of the world's most respected firms and a major employer in Britain. 

"The majority of my time will be devoted to being an MP, representing my constituents and promoting the Northern Powerhouse.  My goal is to go on learning, gaining new experience and get an even better understanding of the world."

Once tipped as a future Prime Minister, Osborne's career ambitions were stymied after he backed Remain in the EU referendum and was sacked in Theresa May's Cabinet reshuffle. Whether he will find the halls of fund managers more comfortable than the green back benches is yet to be seen, but for now he has been clear he intends to continue his constituency duties. 

He will work at the BlackRock Investment Institute, which researches geopolitical, technological and economic trends. 

He is expected to provide insights on European politics and policy, Chinese economic reform, and trends such as low yields and longevity and their impact on retirement planning. 

While the pay packet has not been officially confirmed, Sky News quoted a source saying it would be hundreds of thousands of pounds.

But the move will also place a pro-Remain former Chancellor at the heart of the City of London, just as his Tory front bench is losing its support over Brexit negotiations.

Speaking shortly after the EU referendum vote, BlackRock chief executive Fink said he "didn't get a lot of sleep" the night of Brexit, and that the decision had led to greater uncertainty. 

 

Julia Rampen is the editor of The Staggers, The New Statesman's online rolling politics blog. She was previously deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines.