If money is created out of thin air perhaps ‘Silence is Compliance’?

“The only disease right now is the racism that we are fighting.” said England football player Raheem Sterling.

He suggests that protesters who took to the streets after the killing of George Floyd are trying to find a solution to injustice.

That’s eminently reasonable.

But when are we going to get aboard the injustice of money creation – when Chancellor Sunak has in recent activities favoured some at the expense of others?

I’m trying to discover a rallying cry for those who are money short – and should have more – which would also change a lot of lives – black or otherwise.

Would ‘money injustice’ be the thing?

The difficulty is it is an abstract concept.

So, of course is Black Lives Matter (BLM), but a knee resting on your throat is definitely not- and so they have an image…

This sounds rather as though I’m belittling BLM – I’m not but I am endeavouring to learn from it.

Are there statues that should topple? – and I have to say that the blessed Margaret – ‘there is no government money’ – should be the first but that would be unlikely to cut through – given that so many seem still to approve of many other of her ideas….

So perhaps it should be Poor Lives Matter – which the Tories, being so inordinantly wealthy, both as a party and personally, would find particularly difficult and incidentally include many black lives.

Or maybe we should just shout very loudly that the government creates money out of thin air and that ‘Silence is Compliance’?

That would at least put the onus on people to argue against the fact that money is created out of thin air…

Anyone have better ideas?


  1. Johan G -

    Yes, this! A thousand times this!

    This piece almost exactly mirrors where my thinking has gone following on from the BLM demonstrations.

    Tackling racism is essential, and so is tackling income, wealth, educational — all factors associated with class (maybe just resource for shorthand?) — inequality.

    Without the resource aspect realised, the white working class population gets left behind, which would likely lead to unrest and race-directed anger.

    (In fact not even likely; discussions I’ve had with an acquintance suggests that there is significant anger within the working class, regarding the perceived, and possibly quite real, preferential treatment of working class BAME people.)

    1. Peter May -

      But when resources are available for all there is no need for identity politics – all can have available to them what they need…

      1. Johan G -

        Yes, exactly :). That’s what I was trying to get across.

        I was not damning BLM but voicing support for resource equality, and trying to vocalise how I think it underpins pretty much all equality subsets.

  2. Graham -

    I can’t help feeling that the toppling of statues is a diversion, understandable perhaps, and it may get people talking, as the Mayor of Bristol has (very impressively: https://www.theguardian.com/uk-news/2020/jun/10/bristol-mayor-marvin-rees-edward-colston-statue-slavery) but the its more complicated than destroying the icons of long dead white men (Washington & Jefferson were slave owners and it was the owners who drove the trade – will they be toppled too?), but it’s really governments that need to be toppled and replaced by a democracy that shares power fairly, rather than reserves it for elites (public schooboys and the like), and works towards eradicating poverty and unfairness.

    I am in no doubt that powerlessness and lack of personal money is at the root of so much unfairness, followed by the way Tory governments allocate resources, deliberately favouring the wealthy while punishing the poor.

    As to a rallying cry, which I agree is important, JK Galbraith said “the process by which money is created is so simple that the mind is repelled.” And that’s the problem – “out of thin air, like a magic money tree then? (Lol)”

  3. Peter May -

    I agree, I thought the Mayor of Bristol was very impressive and I too think toppling statues is a diversion. But it is true that statues are designed to be looked up to – which is why Colston’s philanthropy was mentioned on the plinth and nowt else…
    I keep hearing that the closure of schools hurts the poorest children most – well why don’t they give them some money then?

  4. Helen Schofield -

    “It’s ‘All’ That Matters!”

  5. Peter May -


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