Steady As She Sinks


Imagine the scene. Captain Osborn stands on the bridge of the Titanic as it hits the iceberg and shudders to a halt. ‘Panic, ye not’ , he cries, ‘this ship is unsinkable’. Stay right where you are. It is no use running to the lifeboats for there is not room for you all. It is a feature of the design. There are only two pathways: forward or down. For the moment we cannot go forward but who in their right mind wishes to go down. Have faith. We shall overcome.

Of course, it may not be an iceberg and, if it turns out to be one, perhaps only  small. This is a test of leadership. And communication – don’t forget that. Where is that chap Coulson? He is so good in a crisis.  But what if it is a large one? What if the ship is sinking and nothing can be done? Of course, we don’t know yet. One quarter’s provisional slump in GDP is not not the albatross we all might  fear. Wait a while. Courage mon brave. But it must be admitted that the economic prospects look bad.

Over the last few months, I have argued that the outcome of a crisis is usually somewhere between peoples hopes and fears, that we will not get a double dip recession but rather a long grind forward at the expense of much that we hold dear about the British way of life and a great deal of suffering by millions of people. To remain sane in an insane world requires us to think like this. You avoid the worst by confidently believing in something better. No one can say that David Cameron lacks optimism or courage. But far worse than abundance of self-confidence, perhaps they are plain wrong about the Coalition’s programme of deficit cutting, small government and a Victorian strategy of self help and charity.

I confess to an ideological bias of my own. I believe in an enabling society, universal social benefits and rights and a fair degree of central direction and management of the economy. Looking back over the last two hundred years I believe that social democratic ideals work out best. Of course this leads to some people obtaining benefits to which they are not entitled, to benefit cheats and loafing about. It is a price worth paying. That is just my opinion, of course. I would not have set sail in the Titanic or aquiesced in a design with too few life boats or believe in the invincibility of the Captain. Let us all admit it is too late to avoid the voyage we were jockeyed into last May. Each man to his own is the cry as the lemmings force their way to the upper deck and the life boats. Hold on, where’s Nick, Dave and George? Surely they will think it morally right to go down with the ship. Have they somehow slipped a way to fight another battle on another day.? Yet another iceberg, more confident assertions? After all, surely there is no alternative? Steady does it while we sink.

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Filed under Andy Coulson, BBC, Benefits, Big society, Cameron, Coalition Government, Deficit, Economics, George Osborne, IFS, Labour Party, Lib Dem blogs, Liberal Voice, Nick Clegg, OBR, Spending Review, Treasury, Vince Cable

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