You don't have to pretend to be needed to be happy. Photo: Getty
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Why are we still telling women that they need a man?

If you think women don’t objectify men, you are wrong. We don’t reduce them to a few choice body parts, but we make them bit-players in our narcissistic life plans.

My childhood ambitions were unoriginal. Like a million other girls, I wanted to be a pop star/actress/model and I wanted to get married. I didn’t care much for the details – the songs I’d sing, the films I’d act in, the man I’d wed. I saw the wedding ceremony in outline: there was me, thin, in white, and beside me a blank-eyed Ken doll of a man. I didn’t care much for who he was, although clearly I loved him, because that is how the story goes.

Although I’d heard of women who didn’t crave a husband as I did, I felt sure they were a tiny minority. The first feminist slogan I ever encountered was Irina Dunn’s “a woman needs a man like a fish needs a bicycle”. Of course it merely confirmed what others had told me about feminists: they were slightly batty, cruel to men and totally in denial. I never entertained the idea that the statement might have some truth in it. To me, a man might not be necessary in practical terms but he was absolutely essential when it came to the narrative of my life. Without a husband, how would I ever feel complete?  And then wasn’t there a whole cultural industry – chick lit, rom coms, self-help guides – based around reminding me of this? Forget fish and bicycles, I wanted my life to have that perfect moment of truth.  How can you be sure you’re a real person if there’s not at least one man who will endorse you in this way?

If you think women don’t objectify men, you are wrong. We don’t reduce them to a few choice body parts, but we make them bit-players in our narcissistic life plans. This isn’t a form of power – it’s not ours to exercise – but it is dehumanising, both to us and to them. Moreover, it merely perpetuates a game of pointless deception in which women are the ultimate losers.

In 2014, we know that heterosexual marriage – the real-life version, which lasts way beyond the wedding itself – does not benefit women in the way that it benefits men. We know that most divorces are initiated by women. We know that women can marry other women, and that women can have their own biological children outside of a relationship far more easily than men can. We know that, with effort – if we had the social imagination and the political will – we could create supportive family structures which do not reduce women to dependency either on men or on a judgmental, unappreciative state. And yet still we seek to inspire marriage panic in our young women. Why the hell are we doing this?

In a recent “controversial” (aka not all that controversial) piece for The Wall Street Journal, self-styled “Princeton Mom” Susan Patton exhorted young women in college to “smarten up and start husband hunting.” This was to promote Patton’s book, Marry Smart: Advice For Finding The ONE (her use of capitals), which warns young women that if they don’t act fast, they may have to settle for someone who’s not quite up to scratch. While this is perhaps a step up from Lori Gottlieb’s 2011 work Marry Him: The Case For Settling For Mr Good Enough, it’s still not great. Why, if the options are either settle for someone you don’t really love, or half-kill yourself trying to catch someone before it’s too late (Patton advises weight loss surgery, the de-prioritisation of your own job, even self-blame for any potential sexual assault), should any self-respecting woman even bother, especially when marriage itself is unlikely to work out in her favour? Are we that tied to the fairy tale that we’ll screw up our own realities for it?

In The Sceptical Feminist, Janet Radcliffe Richards suggests that “much of what is believed about women stems from what is wanted of women.” She goes on to argue that our supposed “needs” may be being over-sold for a reason:

… although it is now generally believed that women have a stronger natural dependence on men than the other way round, it is far more likely that any such tendencies have been produced by women’s institutionalized dependence, and that in fact precisely the opposite is true […] it seems most unlikely that so much effort would have been put into making women artificially dependent on men if they had been naturally so.

The alternative to our neediness – Masculinity in Crisis™ – doesn’t bear thinking about. Hence, thirty-two years after Richards’ work was published, we have Keira Knightley on the cover of Red magazine alongside what’s apparently the most interesting statement from an entire interview: I love being married. And we have high-achieving women telling their younger counterparts not to complain about sexism, but that we need to stop “saying we don’t need men.” None of this is even considered a feminist issue any more. After all, we don’t want anyone thinking we’re misandrists, do we?

Well, I’m pissed off about it. I’m sick of the way “you’ll die old and lonely, without the all-healing approval of a man” is used to beat down any women who gets too close to independent thought. I’m tired of the way it’s meant to knock our confidence. We’re meant to be empowered (whatever that means), but not in a “man-hating” way. We’re dealing with a narrative which cares not a jot for our sexual orientation or desires, but which insists we can only prove our status with a man alongside us.

As a feminist I am frequently reminded that my misandrist ways will mean no man ever wants to go near me. It’s especially frustrating since I’ve been with the same man for fourteen years. I’m always conscious of having this trump card in my back pocket: HA! Well, actually, Mr Men’s Rights Activist and Mrs Princeton Mom, I’ve GOT a man! Who shags me and everything! So NER! These are not the terms on which I think it is possible to win a feminist debate. I’m not playing the game by those rules and yet I know that since I benefit from them all the same, I am complicit. I have the “partnered by a real, live man” stamp of approval, and it’s something which exists independently of the depth and value of my relationship.

At the moment it feels a terrible double bind. But if we were to treat each other as real, live human beings – neither as status symbols, nor as high points within a fixed narrative – think how much better it could be. We are worth more than our childish ambitions. We deserve relationships with the people we choose, not the people we pretend to need or by whom we pretend to be needed.


Glosswitch is a feminist mother of three who works in publishing.

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We're racing towards another private debt crisis - so why did no one see it coming?

The Office for Budget Responsibility failed to foresee the rise in household debt. 

This is a call for a public inquiry on the current situation regarding private debt.

For almost a decade now, since 2007, we have been living a lie. And that lie is preparing to wreak havoc on our economy. If we do not create some kind of impartial forum to discuss what is actually happening, the results might well prove disastrous. 

The lie I am referring to is the idea that the financial crisis of 2008, and subsequent “Great Recession,” were caused by profligate government spending and subsequent public debt. The exact opposite is in fact the case. The crash happened because of dangerously high levels of private debt (a mortgage crisis specifically). And - this is the part we are not supposed to talk about—there is an inverse relation between public and private debt levels.

If the public sector reduces its debt, overall private sector debt goes up. That's what happened in the years leading up to 2008. Now austerity is making it happening again. And if we don't do something about it, the results will, inevitably, be another catastrophe.

The winners and losers of debt

These graphs show the relationship between public and private debt. They are both forecasts from the Office for Budget Responsibility, produced in 2015 and 2017. 

This is what the OBR was projecting what would happen around now back in 2015:

This year the OBR completely changed its forecast. This is how it now projects things are likely to turn out:

First, notice how both diagrams are symmetrical. What happens on top (that part of the economy that is in surplus) precisely mirrors what happens in the bottom (that part of the economy that is in deficit). This is called an “accounting identity.”

As in any ledger sheet, credits and debits have to match. The easiest way to understand this is to imagine there are just two actors, government, and the private sector. If the government borrows £100, and spends it, then the government has a debt of £100. But by spending, it has injected £100 more pounds into the private economy. In other words, -£100 for the government, +£100 for everyone else in the diagram. 

Similarly, if the government taxes someone for £100 , then the government is £100 richer but there’s £100 subtracted from the private economy (+£100 for government, -£100 for everybody else on the diagram).

So what implications does this kind of bookkeeping have for the overall economy? It means that if the government goes into surplus, then everyone else has to go into debt.

We tend to think of money as if it is a bunch of poker chips already lying around, but that’s not how it really works. Money has to be created. And money is created when banks make loans. Either the government borrows money and injects it into the economy, or private citizens borrow money from banks. Those banks don’t take the money from people’s savings or anywhere else, they just make it up. Anyone can write an IOU. But only banks are allowed to issue IOUs that the government will accept in payment for taxes. (In other words, there actually is a magic money tree. But only banks are allowed to use it.)

There are other factors. The UK has a huge trade deficit (blue), and that means the government (yellow) also has to run a deficit (print money, or more accurately, get banks to do it) to inject into the economy to pay for all those Chinese trainers, American iPads, and German cars. The total amount of money can also fluctuate. But the real point here is, the less the government is in debt, the more everyone else must be. Austerity measures will necessarily lead to rising levels of private debt. And this is exactly what has happened.

Now, if this seems to have very little to do with the way politicians talk about such matters, there's a simple reason: most politicians don’t actually know any of this. A recent survey showed 90 per cent of MPs don't even understand where money comes from (they think it's issued by the Royal Mint). In reality, debt is money. If no one owed anyone anything at all there would be no money and the economy would grind to a halt.

But of course debt has to be owed to someone. These charts show who owes what to whom.

The crisis in private debt

Bearing all this in mind, let's look at those diagrams again - keeping our eye particularly on the dark blue that represents household debt. In the first, 2015 version, the OBR duly noted that there was a substantial build-up of household debt in the years leading up to the crash of 2008. This is significant because it was the first time in British history that total household debts were higher than total household savings, and therefore the household sector itself was in deficit territory. (Corporations, at the same time, were raking in enormous profits.) But it also predicted this wouldn't happen again.

True, the OBR observed, austerity and the reduction of government deficits meant private debt levels would have to go up. However, the OBR economists insisted this wouldn't be a problem because the burden would fall not on households but on corporations. Business-friendly Tory policies would, they insisted, inspire a boom in corporate expansion, which would mean frenzied corporate borrowing (that huge red bulge below the line in the first diagram, which was supposed to eventually replace government deficits entirely). Ordinary households would have little or nothing to worry about.

This was total fantasy. No such frenzied boom took place.

In the second diagram, two years later, the OBR is forced to acknowledge this. Corporations are just raking in the profits and sitting on them. The household sector, on the other hand, is a rolling catastrophe. Austerity has meant falling wages, less government spending on social services (or anything else), and higher de facto taxes. This puts the squeeze on household budgets and people are forced to borrow. As a result, not only are households in overall deficit for the second time in British history, the situation is actually worse than it was in the years leading up to 2008.

And remember: it was a mortgage crisis that set off the 2008 crash, which almost destroyed the world economy and plunged millions into penury. Not a crisis in public debt. A crisis in private debt.

An inquiry

In 2015, around the time the original OBR predictions came out, I wrote an essay in the Guardian predicting that austerity and budget-balancing would create a disastrous crisis in private debt. Now it's so clearly, unmistakably, happening that even the OBR cannot deny it.

I believe the time has come for there be a public investigation - a formal public inquiry, in fact - into how this could be allowed to happen. After the 2008 crash, at least the economists in Treasury and the Bank of England could plausibly claim they hadn't completely understood the relation between private debt and financial instability. Now they simply have no excuse.

What on earth is an institution called the “Office for Budget Responsibility” credulously imagining corporate borrowing binges in order to suggest the government will balance the budget to no ill effects? How responsible is that? Even the second chart is extremely odd. Up to 2017, the top and bottom of the diagram are exact mirrors of one another, as they ought to be. However, in the projected future after 2017, the section below the line is much smaller than the section above, apparently seriously understating the amount both of future government, and future private, debt. In other words, the numbers don't add up.

The OBR told the New Statesman ​that it was not aware of any errors in its 2015 forecast for corporate sector net lending, and that the forecast was based on the available data. It said the forecast for business investment has been revised down because of the uncertainty created by Brexit. 

Still, if the “Office of Budget Responsibility” was true to its name, it should be sounding off the alarm bells right about now. So far all we've got is one mention of private debt and a mild warning about the rise of personal debt from the Bank of England, which did not however connect the problem to austerity, and one fairly strong statement from a maverick columnist in the Daily Mail. Otherwise, silence. 

The only plausible explanation is that institutions like the Treasury, OBR, and to a degree as well the Bank of England can't, by definition, warn against the dangers of austerity, however alarming the situation, because they have been set up the way they have in order to justify austerity. It's important to emphasise that most professional economists have never supported Conservative policies in this regard. The policy was adopted because it was convenient to politicians; institutions were set up in order to support it; economists were hired in order to come up with arguments for austerity, rather than to judge whether it would be a good idea. At present, this situation has led us to the brink of disaster.

The last time there was a financial crash, the Queen famously asked: why was no one able to foresee this? We now have the tools. Perhaps the most important task for a public inquiry will be to finally ask: what is the real purpose of the institutions that are supposed to foresee such matters, to what degree have they been politicised, and what would it take to turn them back into institutions that can at least inform us if we're staring into the lights of an oncoming train?