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Entries in Politics (11)

Sunday
13Jul

Séamus Brennan, 1948 - 2008

michael d higgins julian gough seamus brennan.jpg

 

(Photo: Michael D. Higgins, Julian Gough, and the late Séamus Brennan, at the NUIG Alumni Awards Gala Banquet, on March 1st 2008. Photo by Aengus McMahon.)

 

The funeral of Séamus Brennan, the Fianna Fáil politician and former government minister, was held yesterday. Given that there's hardly a page of Jude: Level 1 that doesn't feature a prominent member of Fianna Fáil inciting vast crowds into a homicidal xenophobic frenzy, taking bribes from property developers, or using an illegally held firearm to try and kill a defenceless orphan, it's only fair to say that Séamus Brennan was one of the good guys. He stood up to Charlie Haughey when that was a dangerous thing to do, and he tried to clean up a corrupt and scandal-banjaxed Fianna Fáil when the task seemed impossible.

 

I met Séamus Brennan, for the first and only time, earlier this year. We were both receiving awards from NUIG (or University College Galway, as it was when we were there, back in the early Middle Ages). My award was for my contribution of the term "Ardcrony ballocks" to Irish literature. His was for his contribution to Irish politics, which was considerable. As Ireland's Minister for Transport in the early 1990s, he had broken the (state-owned) Aer Lingus monopoly on flights to Britain, and thus freed a tiny and struggling Irish airline called Ryanair to survive, then thrive. (The young, and the non-Irish, cursing at the 3 euros they've just paid for a small bottle of water on their 1 euro Ryanair flight, will not be aware that air travel out of Ireland, until Séamus Brennan's reforms, was far, far too expensive for 90% of the Irish population. Which was the only reason there was anyone left in Ireland by the early 1990s... My generation had to emigrate by bus.) Later, he was a highly regarded Minister for Social and Family Affairs. When I met him, this year, he was Minster for Arts, Sport and Tourism (the ever-mutating ministry which appears in Jude: Level 1, thinly disguised as the Ministry for Beef, Culture, and the Islands).

 

The NUIG Alumni Awards ceremony was a black tie affair, Gala Ball and all, and my noble punk spirit was seething after the third round of photographs, "Stand there", "Sit there", "Hold the award a little higher."

 

I said to Séamus Brennan (who was patiently cooperating, changing seats when asked, standing up, sitting down), you must get awfully sick of these events, I'd imagine this must be astoundingly boring for you. No, actually, he said. Politicians are always handing these things out, but we never get to keep one. In fact, I think this is the first award I've ever received. And it's a great feeling, it's a great honour.

 

He was so pleased, and humble, and as a result dignified, that I felt like a spoilt little shitehawk for not accepting the award more graciously. So I amended my attitude, and my mood improved enormously, and I had a great night, with my beloved and my family, feasting and dancing and generally knocking seven kinds of crack out of it.

 

I also talked quite a bit that night with Séamus Brennan, and with the blessed Michael D. Higgins, another former Minister for the Arts, and former recipient of an NUIG Alumni Award (and a former lecturer of mine, in sociology, who used to put the Labour Party's noble redistributionist policies into action by buying me coffee and buns in the canteen after lectures, when I was seventeen and staaaarving). We talked about everything from Beckett to Braveheart, and Séamus Brennan came across as a gentle, thoughtful man, at peace with himself. The shoptalk of two Ministers for the Arts gives a very entertaining insight into the peculiar mix of glamour and grind in the job. At one point, Séamus passed on Mel Gibson's best wishes (from a party the week before) to Michael D. (Michael D. Higgins had, as Minister, helped Mel shoot Braveheart here in Ireland by loaning him, among other things, the Irish Army.) I also heard some very entertaining stories about paperwork and three-foot-high piles of receipts (which reflected very well on Mel Gibson, and less well on some of our much smaller, native Irish film makers.) A mighty night.

 

Séamus Brennan was diagnosed with cancer a year ago, so he must have known he was dying that night. (Or dying a little faster than the rest of us, as Beckett would probably point out.) He still managed to bring something to the party.

 

I liked him a lot. May he rest in peace.


Friday
27Jun

My new essay (on economics as religion), in Prospect magazine

I've roughly fifty subjects I'd like to blog on. Football! Monolines! Street parties! The Irish housing bubble! Popstar poetry! The mysterious Blau Blau Blau movement! How to write for the new attention span! My new life with Will Self's pig! Too many possibilities. Can't decide.

 

Tell me if any of the above interest you, and it might help me focus on one of the blighters, and get it done.


afterword_gough.jpgMeanwhile I have an article, on economics as a religion, in the new issue of Prospect (the wonderful London-based magazine of ideas). The issue also features a round-table discussion of the current global financial crisis. Several of my favourite thinkers on economic matters take part, including the philosophical hedge fund manager George Soros, and the very wise and grave chief economics commentator of the Financial Times, Martin Wolf. After they have thoroughly depressed and demoralised the readership with the awfulness of it all, I provide the light entertainment, in a two-page afterword, "The Sacred Mystery of Capital".

 

A sample paragraph or three:

 

"... But religions evolve, and recent events show that capitalism has begun to evolve less in the manner of the Galapagos finches (whose beaks adjusted over millennia to suit the berries of their individual island), and more in the manner of the Incredible Hulk. Incredible Hulk capitalism can expand the muscle of its credit so swiftly that its clothing of real world assets cannot stretch fast enough to contain it. Expansion, explosion, collapse—Incredible Hulk capitalism sprawls, stunned and shrunken again, in the rags of its assets.

Or, returning to our religious analogy, if capitalism was a religion, it would now be a delightfully demented pseudo-scientific cult. Incredible Hulk capitalism is to the capitalism of Adam Smith what Scientology is to the Christianity of Christ. Both modern high finance and Scientology use the language and tools of science to ends that are religious, not scientific. Both meet a need, a yearning which the old forms of religion and capitalism no longer meet. The need for a mysterious power greater than us, in which we can believe. It must be powerful—but it must also be mysterious. And mystery has been vanishing from the world ever faster, ever since Galileo.

We know what the stars are made of, and can compute their course through the heavens for the next 10,000 years. We can explain the storms and floods that were once evidence of the wrath of God. But as the advance of science has removed the divine mystery from much of life, the advance of free market capitalism has put it back. Only modern economics can now provide forces that we don’t understand. And we need that in our lives."

 

The whole thing is here, if you're interested.
 

 

 

 

 


Saturday
21Jun

Ireland, Ice Cream, and Democracy

I was very pleased to see that Gideon Rachman, chief foreign affairs columnist of the Financial Times, firmly backs my proposal to unify Europe. (By holding the Lisbon Treaty referendum again, but this time promising Ireland's voters an ice cream if they vote yes.)

bertie with ice cream.jpgSome of those commenting on his fine piece, "An Ice Cream For Ireland", miss the point, and blather on about democracy and subsidiarity and corporate tax rates. I was obliged to join in and steer this important debate back onto the right path, pointing out:

"Yes, this talk of protocols and democracy and referendums and addendums is all very well, but let’s get down to the nitty gritty, or at least the tutti frutti. What flavour of icecream would win over the most Irish voters?

Nothing too exotic, you don’t want Ireland’s voters to feel foreign values are being foisted on them (so pistachio is out). Vanilla would be the Eurocrats’ obvious, offend-nobody choice. But, on reflection, I would vote no to vanilla. Too bland an offering is also suspicious.

My gut feeling is strawberry."

 

enda kenny with ice cream.jpgSeveral people, instantly grasping the simple genius of the idea, made useful suggestions. My  favourite being from David Wilkins:

"May I suggest that the ice cream given to each Irish voter should take the form of a ‘99′? That would remind the Irish that they are voting not just for themselves but also for the 99% of EU citizens who have been denied a vote on the Lisbon treaty. The whole process is, after all, distinctly flakey."

 

 

pat rabbitte with ice cream.jpgAnd Shevvers suggested:

"A pint of Guinness would work better than ice cream."

 

Which is a strong and original idea, but would be open, I fear, to legal challenge after the vote, from the remorseful and hungover voters.

 

 

It is not too late to vote for your favourite flavour over on Gideon's blog. Now that's democracy... 

 

(The fine photos of the leaders of Ireland's three largest political parties, in case you're wondering, are borrowed from Kieran Murphy, of Murphys Ice Cream, who has a wonderfully ice cream-obsessed website, called Ice Cream Ireland. Although, er, he doesn't know they're borrowed yet. It's a bit late to be ringing him in Dingle, at half two in the morning, to ask permission to use these, but I'll ask him tomorrow, honest. I know, it would have been great to get Brian Cowan, but he's not really an ice cream type, now, is he?)

brian cowan with no ice cream.jpg 

(An Taoiseach Brian Cowan, being chased by an ice cream man for not buying an ice cream.) 


Thursday
03Apr

Mapping Economics Onto Reality

escher mapping onto reality.jpg 
I was recommending this article to my friends the other day, so I may as well recommend it to you guys too. I know my economics stuff is of minority interest, but how we live is going to be severely bent out of shape for the next few years by this single fact -  the economic theories used for the past two decades did  not map onto reality, and have totally screwed up the financial system, global credit, the housing markets, et bleeding cetera.
 
George Soros, apart from running one of the most successful hedge funds of all time, making a billion in a day by knocking sterling out of the EMS,  and then using the money to prop up democracy around the world,  is a terrific and original thinker on matters economic. (He's greatly influenced me. Those who know me may have have noticed that over the past few years the quality of my economic thinking, and of my predictions, has improved a great deal. A fair bit of that is down to reading Soros.)
 
Here's a juicy and clear-sighted quote from the article, in Wednesday's Financial Times, if you're too lazy to click:
 
"About 40 per cent of the 6m subprime loans outstanding will default in the next two years. The defaults of option-adjustable-rate mortgages and other mortgages subject to rate reset will be of the same order of magnitude but occur over a longer period. With single family home sales running at an annual rate of 600,000, foreclosures will overwhelm the market and cause prices to overshoot on the downside. This will swell the number of homeowners with negative equity who may be tempted to turn in their keys. The fall in house prices will become practically bottomless until the government intervenes. Cutting foreclosures should be a priority but the measures so far are public relations exercises."

The rest of the article is here.
 
In fact, if you liked that, you should read his interesting overview of the background to the crisis, going back sixty years... 
 
And if you're up for a bit of really meaty economic philosophy, there's a good 1994 paper on reflexivity by Soros here...
 

Did I mention I'm reading in Prague next week? Oh, I'll blog about that tomorrow.

Wednesday
06Feb

Up the Workers

redskinsswp.jpg 

"A financial sector that generates vast rewards for insiders and repeated crises for hundreds of millions of innocent bystanders is, I would argue, politically unacceptable in the long run."

And that's Martin Wolf, associate editor and chief economics commentator at the Financial Times (and author of the very fine  Why Globalization Works), writing today. God knows what the Socialist Workers' Party is saying.

Oh, wait, they're saying this:

"The sophistication of the financial system had encouraged the major banks to engage in increasingly speculative activities. (...) So a crisis developing in the financial system has the potential not only to hit capitalists’ investments – it can hit workers’ consumption."



(The entire SWP analysis of the financial crisis is here.

(The entire FT analysis is here.)


It's a measure of the almost comical enormity of the financial sector screw-up that the banks have managed to provoke the Financial Times and the Socialist Workers' Party into writing practically the same article attacking them.