Wrap it up, guys, the Telegraph has proved socialism is wrong

Look at this post. Just look at it.

The Telegraph is hosting a truly marvellous piece of trolling from Tim Worstall, in which he proves socialism is wrong because there isn't enough money in the world to satisfy a 13-year-old's definition of what it entails.

The whole piece is probably worth reading; I've heard it described as "Brick-esque", which can only be a compliment.

Worstall starts with an insult:

As anyone who has ever met or been a teenager knows, there's this idea floating around that we'd all be so much richer in a very real sense if everything was just shared equally. Most of us grow out of this and some become socialists.

Then he "runs the numbers":

If we average out global GDP we get to a figure of about $8,000 per head, something like that. That's a tad over £5,000 each. So if we share everything around the world equally with everyone around the world then that's what each of us, at maximum, can possibly have each year.

One might think that given 95 per cent of the world live on less than $10 a day, more than doubling that would be a huge achievement. But Tim is right, it would hit hard in the UK. Because an insurance company ran a survey:

A survey of over 2,000 adults by the insurance company found that Britons need extra pre-tax income of £7,236 a year to make them feel financially secure.

This is when his connection to reality goes a bit (more) wobbly. If Britons need an average of £7,000 extra to feel financially secure, then they can never get that by redistributing money within themselves. As he says, "that's what an average means." So it's strange that the next four paragraphs are spent demonstrating that yes, you couldn't find that extra money within Britain.

Especially since he doesn't even get his straw-man argument right:

If we wander over to the ONS we can work out how much those rich have been unrighteously keeping from us too. Household expenditure by income decile group would be a good one. A decile is 10 per cent of all households in this instance and when we download the .xls file we can see that the top 10 per cent of all households spend £1,000 a week. Yes, this includes their food, their mortgages, all their spending.

That's not what redistribution of wealth means. The clue is in the name: Tim has looked at income, when he should be focusing on wealth. Actually, not even income, but expenditure, which means that he must think the rich aren't taxed and don't save. He clearly thinks he is looking at wealth too:

To make all households financially secure we've got to find £180 billion, but even if we take all the cash off the top 10 per cent, all the food, ponies, labradors and croquet lawns they have, we've only got £130 billion.

Unless you need to buy a new croquet lawn every week (you might; I've never owned one), then it isn't going to show up in a survey of household expenditure. But it's a pretty good indicator of household wealth.

Socialists don't believe any of this, of course. It's been a very long time indeed since you would find someone on the left advocating the "everyone put their money in a pot and share it out equally" model of socialism. But if for some reason you were going to publish on a major newspaper's website a debunking of an economic theory no-one holds, you would think you would do a better job of it.

A person reads a copy of the Daily Telegraph. Photograph: Getty Images.

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

Getty.
Show Hide image

Who is the EU's chief Brexit negotiator Michel Barnier?

The former French foreign minister has shown signs that he will play hardball in negotiations.

The European Commission’s chief Brexit negotiator today set an October 2018 deadline for the terms of Britain’s divorce from the European Union to be agreed. Michel Barnier gave his first press conference since being appointed to head up what will be tough talks between the EU and UK.

Speaking in Brussels, he warned that UK-EU relations had entered “uncharted waters”. He used the conference to effectively shorten the time period for negotiations under Article 50 of the Lisbon Treaty, the legal process to take Britain out of the EU. The article sets out a two year period for a country to leave the bloc.

But Barnier, 65, warned that the period of actual negotiations would be shorter than two years and there would be less than 18 months to agree Brexit.  If the terms were set in October 2018, there would be five months for the European Parliament, European Council and UK Parliament to approve the deal before a March 2019 Brexit.

But who is the urbane Frenchman who was handpicked by Commission President Jean-Claude Juncker to steer the talks?

A centre-right career politician, Barnier is a member of the pan-EU European People’s Party, like Juncker and German Chancellor Angela Merkel.

A committed European and architect of closer eurozone banking integration, Barnier rose to prominence after being elected aged just 27 to the French National Assembly.  He is notorious in Brussels for his repeated references to the 1992 Winter Olympics he organised in Albertville with triple Olympic ski champion Jean-Claude Killy.

He first joined the French cabinet in 1993 as minister of the environment. In 1995, Jacques Chirac made him Secretary of State for European Affairs, teeing up a long and close relationship with Brussels.

Barnier has twice served as France’s European Commissioner, under the administrations of Romano Prodi and José Manuel BarrosoMost recently he was serving as an unpaid special advisor on European Defence Policy to Juncker until the former prime minister of Luxembourg made him Brexit boss.“I wanted an experienced politician for this difficult job,” Juncker said at the time of Barnier, who has supported moves towards an EU army.

 

Barnier and the Brits

Barnier’s appointment was controversial. Under Barroso, he was Internal Market commissioner. Responsible for financial services legislation at the height of the crisis, he clashed with the City of London.

During this period he was memorably described as a man who, in a hall of mirrors, would stop and check his reflection in every one.

Although his battles with London’s bankers were often exaggerated, the choice of Barnier was described as an “act of war” by some British journalists and was greeted with undisguised glee by Brussels europhiles.

Barnier moved to calm those fears today. At the press conference, he said, “I was 20 years old, a very long time ago, when I voted for the first time and it was in the French referendum on the accession of the UK to the EU.

“That time I campaigned for a yes vote. And I still think today that I made right choice.”

But Barnier, seen by some as aloof and arrogant, also showed a mischievous side.  It was reported during Theresa May’s first visit to Brussels as prime minister that he was demanding that all the Brexit talks be conducted in French.

While Barnier does speak English, he is far more comfortable talking in his native French. But the story, since denied, was seen as a snub to the notoriously monolingual Brits.

The long lens photo of a British Brexit strategy note that warned the EU team was “very French” may also have been on his mind as he took the podium in Brussels today.

Barnier asked, “In French or in English?” to laughter from the press.

He switched between English and French in his opening remarks but only answered questions in French, using translation to ensure he understood the questions.

Since his appointment Barnier has posted a series of tweets which could be seen as poking fun at Brexit. On a tour of Croatia to discuss the negotiations, he posed outside Zagreb’s Museum of Broken Relationships asking, “Guess where we are today?”

 

 

He also tweeted a picture of himself drinking prosecco after Boris Johnson sparked ridicule by telling an Italian economics minister his country would have to offer the UK tariff-free trade to sell the drink in Britain.

But Barnier can also be tough. He forced through laws to regulate every financial sector, 40 pieces of legislation in four years, when he was internal market commissioner, in the face of sustained opposition from industry and some governments.

He warned today, "Being a member of the EU comes with rights and benefits. Third countries [the UK] can never have the same rights and benefits since they are not subject to same obligations.”

On the possibility of Britain curbing free movement of EU citizens and keeping access to the single market, he was unequivocal.

“The single market and four freedoms are indivisible. Cherry-picking is not an option,” he said.

He stressed that his priority in the Brexit negotiations would be the interests of the remaining 27 member states of the European Union, not Britain.

“Unity is the strength of the EU and President Juncker and I are determined to preserve the unity and interest of the EU-27 in the Brexit negotiations.”

In a thinly veiled swipe at the British, again greeted with laughter in the press room, he told reporters, “It is much better to show solidarity than stand alone. I repeat, it is much better to show solidarity than stand alone”.

Referring to the iconic British poster that urged Brits to "Keep Calm and Carry On” during World War Two, he today told reporters, “We are ready. Keep calm and negotiate.”

But Barnier’s calm in the face of the unprecedented challenge to the EU posed by Brexit masks a cold determination to defend the European project at any cost.

James Crisp is the news editor at EurActiv, an online EU news service.