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Sunday 22 June 2014

The Godliness Of Growth

Spume is a follower of the blog and his alter ego Ian Marchant has a rather better blog  at Something of the Night . I recommend it because it never indulges in cant. But I beg to take issue with his denigration of capitalist growth in his recent announcement of rejoining the Green Party. The fault in capitalism is not with the system but with the people within it. Growth has lifted swathes out of real poverty. It has also made a hero out of a charlatan like Richard Branson but let's not bung the baby out with the bath water.

A 'rentier' is one who lives off rent or other income from property including intellectual property. In damning the rentier class (and by association the dreaded Tories) an author living off his royalties has to be slightly careful. All intellectual property is theft?  

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