Trickle-down Truss and the wealth creation delusion | Letters

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George Monbiot calls for uplifting alternate options to the present disastrous ideology (Trussonomics is a fanatical, fantastical creed, and the very last thing Britain wants, September 17). A superb place to begin is likely to be to lastly dispel the handy delusion that amassing some huge cash is identical as creating wealth. To “make” a number of cash principally entails taking bits of cash from a number of different folks, by truthful means or foul.

Wealth, however, is at its root “created” by utilizing the assets of the Earth – whether or not that be the soil, crops, bushes, water, uncommon minerals or hydrocarbons – and mixing that with leveraging the variations in socioeconomic expectations between totally different social teams/international locations.

Each these issues have gotten more and more problematic, with the true prices – social and environmental – changing into unimaginable to disregard. So whereas the super-rich of the world might have had dedication, ingenuity and luck, they finally owe an enormous debt to the true base of their riches. The extreme rewards for banking symbolize the head of this socially divisive and environmentally harmful system. Duty to society should go hand in hand with the buildup of economic wealth. So-called wealth creation needs to be known as out for what it’s, not praised and inspired.
Jeremy Brettingham
North Creake, Norfolk

George Monbiot fails to appropriately diagnose the fallacy of Trussonomics. Readers want to know that our dance with financial progress is changing into ever extra lethal, as a result of it exacerbates the three greatest risks to our ecosystems: inhabitants, affluence and expertise. Our schooling system is a part of the highly effective propaganda machine that persuades dad and mom that the best way to outlive is to slot in, and to earn cash; in actual fact, what is de facto wanted for survival is wholesome ecosystems. None of us are killing our ecosystems by malice – we had been merely taught to obey the expansion mantra, so we all know nothing totally different.

Our creativeness and our innate knowledge have each been rigorously stifled by coercive consumerism and pro-natalism all our lives. We can’t study a distinct manner as a result of we had been by no means taught to suppose exterior the field of the comfortable Holocene local weather circumstances, and the mindset of infinite financial progress.
Barbara Williams
Lengthy Hanborough, Oxfordshire

John Harris aptly captured the distinction between the complacent voice of the UK commentariat – hushed, reverential, reassuring – and the present actuality of financial hardship, social polarization and authorities insouciance (Overlook ‘levelling up’ – Liz Truss is not even pretending to care about inequality, September 18).

I used to be reminded of Thomas Paine’s rebuttal of Edmund Burke, who mourned the dying of a queen (Marie Antoinette), whereas rebuking the ill-fed and ill-governed French folks for resorting to revolution:[Burke] pities the plumage however forgets the dying fowl.”
Alan Knight
Oxford

So, Liz Truss is wheeling out the discredited Thatcherite trickle-down principle of economics (Liz Truss urges world leaders to observe UK with trickle down economics, September 20). This could moderately be generally known as the truckle-down principle, which assumes that the remainder of us will absolutely settle for insurance policies destined to extend the wealth hole. As such, this principle has a minimum of one advantage: it appears to work.
Damian Grant
Villeneuve d’Ascq, France

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Trickle-down Truss and the wealth creation delusion | Letters

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