So They Say: Light the Blue Paper and Retire (1973)

The So They Say Column from the December 1973 issue of the Socialist Standard

Light the Blue Paper and Retire

When war broke out in the Middle East, the leaders of the Great Powers all spoke of “deep regret”. Newspapermen enlarged on the horror and futility of it. In the Sunday Mirror on 15th October Jon Akass wrote:

A pity, really, that technology is not yet up to bringing the smell of war to our living-rooms, because that would finally remove whatever romance is left in human combat . . . The best that Israel can hope for is that the Syrian army will be eliminated and the Egyptian army in Sinai routed. And perhaps another year or two of peace. It will not be enough for the price that will have been paid in blood.

It was as if sons of a good home had been caught housebreaking, to their parents’ grief. But on 16th October The Guardian gave an account of the military background.

The Israeli air force was then [in 1967] predominantly French until De Gaulle placed his embargo on the Mirages. President Johnson supplied the first Skyhawks and Phantoms to Israel in 1968 but the bulk of the $1,000 millions of arms sales to Israel since the June, 1967 war was made by the Nixon Administration.

. . . [The Soviets] arms shipments were designed to enable Egypt and Syria to do exactly what they have done in the last nine days, which is to defend themselves against Israeli air power while making limited incursions into occupied territory.

So the sorrowful parents are shown as a Fagin family — teaching the art, supplying the tools, and then lamenting the consequences. Capitalism calls this hypocrisy “diplomacy”.

Lord God of Property

Talking of hypocrisy, the Church of England springs to mind. Its finances were reviewed in the Business section of The Observer on 4th October, with two writers advising how the Church Commissioners’ “£600 million-plus assets” might produce a higher income. Their chief criticism was of the Commissioners’ unadventurousness in holding on to house-property with a relatively low return:

Margaretta Terrace, SW3, provides a good example. This street contains about 40 houses, with an average rent of around £1,000 a year: as the houses are worth a minimum of £40,000—and probably much more—the ‘true’ yield is thus only 2.5 per cent.

Their suggestion was to sell, and to require a down payment of £5,000:

The balance of the consideration would take the form of a 25 or 30-year mortgage: and, at the current mortgage rate of 11 per cent, the Commissioners would receive £154,000 a year.

Eye of a Good-Sized Needle

The Church Commissioners have had this sort of advice before and — no doubt for equally sound business reasons — chosen not to follow it. But an interesting question is raised here. “The current mortgage rate of 11 per cent” has taken on the status of a social problem in recent months. Its rise to that figure was a financial vicious circle: to get more money to lend, the building societies had to offer higher rates to investors, which meant charging a higher rate to borrowers.

But the Church Commissioners do not have that problem. Selling the houses in question, they would not be advancing money but simply taking deferred payments. Using the Observer calculations, if they charged a mortgage rate of only 6 per cent, they would receive £84,000 a year from those houses — which is still more than twice as much as they are said to be getting now in rents. The Commissioners would not only do what the writers want them to do, i.e. make more money; they would be Giving a Christian lead to the Nation, etc.

Is it likely that they will? No. It will not enter the Commissioners’ heads, any more than it did the Observer writers’. As the Good Book says: “Where a man’s treasure is, there shall his heart also be.”

Beggars Cannot be Choosers

And talking of borrowing money. Newspapers have given a good deal of publicity to the Consumer Credit Bill published on 2nd November. It is designed to check “abuses” in hire-purchase, moneylending, second mortgages, and so on. The provision which was asked for most persistently is the one requiring that borrowers shall be told clearly what they are letting themselves in for:

Borrowers required to put up their homes as security for loans and those who obtain loans by mail order will have to be informed of their right to back out before finally signing the loan agreement; and all borrowers will have to be given a copy of every agreement they sign.

(Observer, 4th November)

The Observer writer on "Family Finance”, Paul Wilson, thinks this is inadequate:

Why not lay down a formula by which loan interest rates are calculated, so that all advertised rates are comparable? Why not define what constitutes an extortionate rate of interest, so consumers will know when they have cause for complaint?

This talk is as fatuous as the Bill itself. People go to moneylenders and second-mortgage companies when they have no alternative, and therefore no choice but to accept the terms whatever they are. Can you imagine a loan company’s client, with creditors breathing down his neck, exercising his “right to back out”? Every rate of interest is extortionate. The only way to end problems like this is to get ride of capitalism and, with it, money.

What Makes Great Men ?

People, particularly those who think themselves mentally superior, are often reluctant to accept our contention that intelligence is a social concept. The acclaimed genius of one set of circumstances can be the blithering idiot of another: it depends what society is looking for.

There is an example in the balance at present. Harold Bate is a retired engineer who runs a car on methane gas made from pig and chicken manure. He has done it for seventeen years, and has occasionally appeared in newspapers and on TV as a comical curiosity. Now, suddenly, it is being taken seriously and he has had to take production to a Walsall firm. The Sunday Express on 4th November reported his growth:

“At the moment I am receiving around 150 orders a day from the US and Canada. They are coming in shoals from all sorts of sources—even oil companies. Two major American oil companies—I agreed at their request not to name them—have already used my conversion kit to convert a fleet of oil delivery tankers to run on gas."

Is Harold Bate a genius or a crank? We have yet to learn. What will decide is the world fuel situation. If there is a world shortage of oil, he may well go down with Edison and Stephenson and his story be told to every schoolchild. If it doesn’t happen, he will have been nobody of note.

Gaiété Mancunienne

The magazine calls her Marie-Helena. a model born in Lyons and now living in Paris. But Paula, on a commerce course at school, lives with her parents in a council house at Wythenshawe, Manchester.

(News of the World, 14th October)

The magazine is Men Only. The cream-bun fantasies it sells cannot be set in Manchester or anywhere else the readers may actually live. How sad.

Robert Barltrop