Good for Business?

One of the worst accusations in Britain today, it seems, is to be ‘anti-business’. It comes with associated overtones of luddism, of being anti-wealth, anti-opportunity and out-of-date. And worst of all, it supposedly betrays the heresy of being anti-capitalist, a give-away for old-style socialism, the last retreat of duffle-coat-wearing, stony-faced hard-leftists whose world-view was discredited three decades ago.

It is also an insult still regularly thrown at the teaching profession by those in the business world, often accompanied by complaints that teachers have an easy life, fail to prepare young people for the ‘world of work’ etc. etc. Most regrettably, it  comes in the same breath that also denounces academics for being ‘ivory tower’ (i.e. useless) and that propounds the ‘University of Life’, school of hard knocks and the rest of it – ad nauseam. As if a life of undeserved hard knocks is anything worth advocating  – or indeed the kind of society that dispenses them.

A letter was sent this week by a hundred ‘business leaders’ to The Daily Telegraph, urging people to vote Conservative for the good of business; it was widely covered across the media at large. Were we supposed to see this as anything other than an expression of sheer self-interest by those who in recent years have rewarded themselves so handsomely at everyone else’s expense? Who is most likely to gain from Britain being ‘Open for Business’? Was the hint of the loss of the low-wage, insecure jobs that employers increasingly demand really meant to scare us into obedience?

So I was extremely pleased to see a letter in The Independent (Keep business out of politics) objecting to the assumption that business leaders should have any more call on people’s voting instincts than anyone else.

This is the sixth richest nation on the planet, and yet we have a programme of austerity that is cutting into the marrow of our public realm. Whether the neglect is ideologically driven or not, civic amenities in the U.K. are a disgrace, and the state of the infrastructure (at least outside the capital) falls far short of that which I see in my frequent travels around other European countries. Support for people on ordinary means is evaporating, even as the rich force up the general cost of living; the ability to pool resources is being curtailed by pro-business legislation.

‘Good for business’ has entailed the de-recognition of representation for employees in large parts of the workplace, increasing job insecurity, reduced pension-provision and more. ‘Good for business’ has resulted in zero-hours contracts, and abuses of the minimum wage in areas such as the restaurant trade. Will Hutton’s most persuasive argument is that ‘good for business’ has led to the U.K. having the lowest levels of R&D in the developed world, while companies have largely become a means of extracting wealth for shareholders from existing assets, rather than investing in the economy of the future. If Hutton is correct, fewer than 20% of companies are actively involved in offering work experience or apprenticeships to young people.

‘Good for business’ has resulted in the U.K. economy becoming little more than a shareholder’s bargaining chip on the financial markets, further enriching the top 1% at the expense of the rest. It has meant the failure to pursue corporate and top-end tax avoidance. Having a friend whose company is currently being asset-stripped after an aggressive take-over, with his job at risk, I know this is not fiction. This is sharp contrast to many of our competitor-countries such s Germany and Switzerland (hardly a hotbed of leftism) who retain a much more balanced social contract.

And ‘good for business’ has seen the misappropriation of the education sector – whose moral remit remains, through the development of the intellect, the preparation of young people for all aspects of life – into a mere tool of economic policy, whose purpose is to deliver workplace-ready fodder to employers, in order to save them the expense of training them properly themselves.

But concurrent with the above, the teaching profession has been busy getting itself a bad name again – hardly conducive to balancing the sirens of the business faction. Once again, the spring conferences are advocating strike action, this time to boycott baseline tests of children entering the education system. While this is a sensitive issue, the old-left instinct to strike over every issue does nothing to dispel the public impression of teachers as old-left dinosaurs. I support the principle of representation – indeed want it enhanced to mirror the German system of a legal requirement for employee representation at Board level – but I despair of the actions the profession’s (un)representative bodies, which certainly do not reflect my outlook. More specifically, when most Union policy still expounds ‘progressive’ views, it makes it very difficult to know where to turn if one wants to stand up and be counted.

Nonetheless, I am proud to record that I will most definitely not be casting my vote for the good of business. I entered teaching because of my desire to live in a civilised society, which presents its people with maximum enfranchisement and the opportunity to live a good life – and my wish actively to contribute to that.  I see my role as building social capital – of which economic capital is only one part – one that if not balanced by other civic considerations leads to a fragmented and polarised society. Regrettably, it is becoming ever-clearer that this is precisely what is emerging in Britain as a result of the ideologies of the past few decades, and one does not need to be on the hard-left to see it.

The track record of the business-led society in Britain in recent times is one of raw self-interest. Too much of what has been allowed to happen (with political complicity) operates in the narrow interest of those who own it, with far too little sense of social obligation to create wealth for society at large. The signs of this are everywhere to be seen, from income disparities to my friend’s predicament, to the state of our roads. The demonisation of the public sector (mostly led by the business community) has eroded public provision to an unacceptable extent, while the beneficiaries of the business-friendly climate have increasingly bought themselves out of the society that hosts them. Where opportunity and investment do occur, they often come with a free-market price-tag that excludes many.

Will Hutton’s book offers some interesting solutions to this impasse, which I will discuss in a forthcoming post. This is not, however, to cast myself as just another old-leftie. I remember the decay and disruption of the Seventies and would not wish to repeat that. So I am not anti-business – but I am most definitely anti- tax-avoidance, low-wages, executive incomes, low-investment and asset-stripping. I am anti business having any special consideration within wider society. And I am most definitely anti the way in which that corner-stone of civil society – our education system – is increasingly being modelled along similar lines.

I am pro-democracy, pro-civil society and pro-fairness. I am also pro-opportunity – but not only of a narrowly economic sort. Good business actually means precisely those things too – because it would invest in a wider fair and prosperous society and this is it patently failing to do; what the signatories of the Telegraph letter actually meant was ‘good for profits’.

Before making either special claims on voters’ loyalties – or its regular attacks on those, notably in the public sector, whose humane values do not support its often-rapacious ways – the business sector needs to clean up its own act.


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