Discussion about this post

User's avatar
Gnuneo's avatar

I'd heard of Belloc's name before, but that is the most extensive exposition of his thinking I've encountered. Interestingly, just before this, the Danish had come to the same conclusions.

Being one of the poorest countries in Europe since Germany took the productive Flensberg region in the south, and Jylland (Jutland) being very poor agricultural land, the Danish state realised it needed to take some radical measures to turn matters around.

The result was one of those very rare times in history where the elites gave something back.

They turned the aristo-owned farms into cooperatives, fx. This had the immediate effect of creating a middle class, who started to accumulate wealth, spending it on education and self-improvement. They then taxed, and spent that on a growing welfare state - which created more middle classes. Most business that grew up were SME cooperatives - more middle classes, paying more taxes, leading to a better welfare state.

In short, through these practices, in 2-3 generations Denmark had gone from one of the poorest countries in Europe to one of the wealthiest and most productive.

And for 50+ years that continued, and with Jander's Law to frown upon elite greed and excess, the future looked bright.

And then in the late 90s they imported neoliberalism too.

Weeellll, things are now quite different. The opposite trajectory has set in, poverty and homelessness are rising, the economy is becoming centralised, actual home-ownership is falling, and state services are being privatised like Thatcherism on steroids.

Two things in a modern economy can stem this tide, imho.

A law that ENFORCES that companies have to be worker-owned cooperatives. And stiff inheritance rules that strictly limit the amount that one beneficiary can receive.

Sadly, not only the urge to dominate is built in, so is the desire to give your kids the advantages you have had - earned or not.

Kudos to Belloc for so clearly seeing why 'communist' systems would fail too.

Expand full comment
Michael Kowalik's avatar

You begin with the implicit assumption that ‘rationality’ is the standard of human behaviour. I agree. I infer from the last paragraph that by ‘irrationality’ you mean any path that leads to universal destruction, or perhaps only to self-destruction (which makes sense to men), or else, it would not be obvious why destruction of inconvenient others is irrational or that it should be unmotivating to the offending agent. Can you please clarify what you mean by ‘rational’ and why this rationality should motivate ‘tyrants’.

Expand full comment

No posts