“Kate Humble: We don’t value food because it’s not expensive enough,” screamed a headline at the far left UK Guardian, which was catnip to the Drudge Report. I know nothing of Humble’s politics, as I had never heard of her before the Drudge link. But I’m assuming if the Guardian is writing favorably about her, and she’s employed as a show host by the far left and equally reactionary BBC, she shares their worldview, while staring out upon, as the Guardian notes, “her 117-acre former council farm in Trellech, Monmouth, which she runs with her TV director husband Ludo Graham.”
In response to her Guardian profile, blogger Christopher Fountain writes, “I’m not exactly sure of the value of 117 acres of farmland in England, nor what the combined salaries of a TV director and a ‘television personality’ amount to, but I’m fairly certain that Miss Humble doesn’t live on the same income as the great unwashed she demands pay up. Isn’t it always that way?”
Yes indeed. And she’s about to get her way, at least in the US. “Alert shoppers are accustomed to watching food prices go up and down. But a string of forces—from droughts to diseases—is raising the cost of a trip to the grocery store at a rapid clip,” CNBC reported on Saturday, adding that “it looks like it will be a while before the price pressure eases:”
Consumers are also coping with higher costs beyond their supermarket shopping cart. After a brutal winter in much of the country kept shoppers home, a pickup in demand has sent clothing and used car prices higher in March.
Rents are also going up in most of the country, up 2.7 percent in the latest 12-months, a pace not seen since the housing market collapsed in 2007. Medical costs are also rising.
Because food prices are typically more volatile than other consumer costs, economists and policy makers at the Federal Reserve usually ignore them when looking at the so-called “core rate” of inflation. But after a long period of inflation running less than 2 percent a year, the latest surge in prices bears closer watching, according to Capital Insight senior economist Paul Dales.
“We suspect that core inflation will rise to 2 percent this year and beyond it next year, which would catch the Fed off guard,” he wrote in a recent note to clients.
Humble’s quote about food not being “expensive enough” sums up the 21st century state of the increasingly paradoxically named ideology that calls itself “Progressivism” rather well.
As Fred Siegel wrote in his new book, The Revolt Against the Masses: How Liberalism Has Undermined the Middle Class, “The best short credo of liberalism came from the pen of the once canonical left-wing literary historian Vernon Parrington in the late 1920s. ‘Rid society of the dictatorship of the middle class,’ Parrington insisted, referring to both democracy and capitalism, ‘and the artist and the scientist will erect in America a civilization that may become, what civilization was in earlier days, a thing to be respected.’”
But those politicians who espoused liberal and progressive values in the first 65 years of the 20th century at least knew enough that if they wanted to get elected, they needed to pay lip service to ideas that would benefit the working man and in theory, make his life easier. Sure, it was mostly nonsense, but at least, unlike “progressive” intellectuals, they weren’t overtly punitive towards the working class. Today, their modern counterparts publicly espouse the notion of driving up prices. Barack Obama, running for the presidency in January of 2008, blurted out to the editors of the San Francisco Chronicle that he wanted to bankrupt coal companies and “under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” Well gee, thanks for that one, Barry.
At the end of 2008, at the peak of his popularity, comfortably ensconced in the command chair of the mighty Office of the President Elect, Mr. Obama deigned to grant an interview with Tom Brokaw of NBC. Brokaw begged the president elect to increase gas taxes, driving those prices up as well. (Gee, thanks for looking out for us, Tom.) And “unexpectedly” moving in unison, as if in lockstep (paranoid folly, I know), the New York Times, the Washington Post and eventually CNN all agreed! Why yes, it would be a good thing if the American people paid more for their gasoline. Perhaps these scrappy, populist hardscrabble journalists were simply echoing the thoughts of Steven Chu, who would become Obama’s “energy” secretary who gave the game away to the Wall Street Journal in September of that year, when he openly told them that “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”