As election fever takes a grip amongst the political and chattering classes, no doubt the fact that the rich (as usual) are getting richer whilst the poor are getting poorer, will consequently be criticised by detractors and yet justified on the part of supporters by invoking the so-called Trickle Down Theory.
The “logic” of this is that if a few “entrepreneurs” are allowed to get ever richer, then, the financial results of their enterprise will trickle down through the various levels of society, even to those at the bottom, thereby enriching all in the process – if not always in equal proportion.
It thus begs the question as to the mechanism by which this procedure takes place over what timescale.
For this particular process has been championed in the UK by its supporters in earnest since the advent of Thatcherism nearly 35 years ago now, yet the poor still get poorer while the most affluent in society get ever richer, seemingly at the expense of the impoverished, with even more austerity in the pipeline at the behest of the major parties should they gain office.
Perhaps this is why the economist JK Galbraith visualised Trickle Down as being akin to a thoroughbred horse eating the best quality oats from a nose bag at one end, while a sparrow was waiting expectantly at the other end for something of benefit to emerge!
Which sort of accurately sums it up really, doesn’t it?
It thus begs the question how long the sparrows are prepared to wait and who they can vote for to redress the situation should they finally see the light?
Robertshaw Crescent, Deepcar, S36