Monetarist Propaganda

I watched the last 30 minutes of this last night and after I gathered my jaw off the floor I struggled to comprehend the lunatic propaganda that I had just witnessed on the normally-progressive Channel 4. The documentary was a one-sided polemic in which the presenter blamed the latest financial crisis on 'big state' and 'big government'. He held Hong Kong up as a paragon of monetarism, shining a light on everything that works about that tiny city state as an example of the Asian tigers and avoiding all mention of the other Asian tigers who's economies have failed.

He suggested that Hong Kong is a beacon of prosperity and that Britain needs to emulate it if the nation is to return to the 'glory' years of the 18th and 19th centuries. One presumes that by Britain's 'glory years' the presenter isn't talking about when there was no NHS, no right to vote, no women's suffrage, no state pension, child labour, endless wars on the continent, rotten boroughs in parliament, disease, back-breaking hard work and short life-expectancies. I guess he means some kind of rose-tinted view of buccaneering British conquistadors forcing trade agreements on Indian and Chinese natives, waving a Union Jack around on the battlefield and rolling in pound notes in some kind of Jane Austin upper-middle-class fantasy. Just what I don't need.

The documentary produced a long line of vox-pops (exclusively city types and people sitting on right-wing think tanks) who told us that the ONLY way to repay the debt was to reduce taxes, release controls on business and downside government. This brazen hypocrisy on the part of those who created the financial meltdown is so ridiculous and it astounds me how few have challenged it. The program talks of a 4.8 trillion pound national debt in terms of a household debt, the presenter uses the same disingenuous arguments as the government and deliberately misconstrues the truth by equating a national economy to one of a family budgeting its incomes and outgoings. He parrots the government's line about treating this debt as something that has to be paid off by managing outgoings, rather than something that is dealt with by investing in Britain's economic future.

I was heartened to discover this morning that the presenter of "Britain's Trillion Pound Horror Story" is the same guy who recently has produced similar documentaries denouncing environmentalism and fear mongering about genetic engineering. Not a man who's grasp of science is the finest then. But I wonder how many of those who watched this program will go out of their way to discover the presenter's history of misinformation and lies. Few I suspect. However, while programs like this can find a place on a serious television channel during prime time the government's lies about its 'necessary' cuts will continue to be the mainstream.