It is important, and not just for the Telegraph, but it is the allegations that they have suppressed criticism of HSBC in an effort to woo them back as advertisers that are most explosive. It is also an explosive critique of HSBC - and explains, quite rightly, that there would have been more political pressure to deal with this kind of abuse if the Telegraph had not stayed silent.
But I just wanted to comment on one part of the article that may get less attention:
"My grandfather, Lt Col Tom Oborne DSO, had been a Telegraph reader. He was also a churchwarden and played a role in the Petersfield Conservative Association. He had a special rack on the breakfast table and would read the paper carefully over his bacon and eggs, devoting special attention to the leaders. I often thought about my grandfather when I wrote my Telegraph columns."
I very much appreciated that thought. My grandfather, also a retired lieutenant-colonel, also read the Telegraph at breakfast. And it was that beleagured and side-lined small C conservatism which the Telegraph represented, and which has been so often blown aside by a force which is not conservative at all, but which purports to be - a transatlantic, turbo-capitalist, corporate apologia for the richest and most powerful.
The kind of approach which Oborne describes as abolishing the post of editor at the Telegraph and replacing it with a series of 'Heads of Content'.
I'm not a Conservative. I'm a Liberal. But that kind of conservatism, so much part of the fabric of the nation that I'm not sure we would be recognisable without it, is being swept away - first from the House of Commons and then from public life.
That conservatism was never the preserve of the Conservative Party, but they are largely responsible for its demise. It was a shift that was symbolised when a new Conservative prime minister, Margaret Thatcher, who had very little idea of what to do with the role, was captured by Howe and Lawson and convinced that she had somehow led the revolution herself.
Mrs Thatcher was not quite what she seemed, but that is by the way and for future historians to revisit. See more in my book Broke.
The point is that this extreme free market ideology - where everything is for sale, including the content of the Telegraph - is not a conservatism that would have been recognised by either Peter Oborne's grandfather or mine.
The point is that this extreme free market ideology - where everything is for sale, including the content of the Telegraph - is not a conservatism that would have been recognised by either Peter Oborne's grandfather or mine.
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2 comments:
Yes, David, I absolutely agree. I also am liberal and certainly not Conservative. The charm, the courtesy and the moral integrity of your conservative grandfather, my much respected Uncle Robert, would completely flounder in 2015 Conservatism.
«And it was that beleagured and side-lined small C conservatism which the Telegraph represented, and which has been so often blown aside by a force which is not conservative at all, but which purports to be - a transatlantic, turbo-capitalist, corporate apologia for the richest and most powerful.»
Well, an occasion here to to say this is both right and wrong, and to mention my impressions of that being "conservative" in the political party sense means.
I think that "conservative" politics are the politics of boosting the interests of insiders (incumbents).
In his time your grandfather was certainly an insider (incumbent), part of a very narrow elite, and political conservativism was about protecting the interests of people like him too.
But while conservative politics is always about boosting the interests of insiders, the types of insiders who have the most influence within conservative change.
Hundreds of years ago the dominant insiders were the landed gentry, then it became masters of the ironworks, then big corporate executives and their counterparts in the public sector.
Currently I think that the insiders that conservative politics most boost are those who benefit from increased debt leverage, that is speculators on margin and asset strippers.
Sure, landed gentry, business owners, executives, are all part of the conservative side of politics, but they no longer dominate it.
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