INFLATIONI wrote this piece with my brother, Gordon

Inflation is not prices going up – it’s money going down.

“The price of a pint has really gone up”
“You know my house has rocketed up in price  – I’m a millionaire”
“Better stop smoking – cigarettes are nearly a pound each”

People accept inflation like they accept bad weather, something from above.  People fail to realise that money has simply gone down, usually through bad government policy.
Governments just borrow the money, fix the problem, GET RE-ELECTED, easy.

If interest rates are half a percent than everybody starts borrowing and this creates debt, values go down and this is inflation.  Every time you hear ‘inflation’ it means interest
rates go up.  Money has been made cheaper and governments have been bingeing, spending borrowed money with little concern for future generations being saddled with a
growing pile of debt.

But at a certain point these debts become so huge that they’re difficult to pay back, especially when the world is in political turmoil causing interest rates to rise e.g. Russian gas.
Many economists feel that the world’s banking systems have already gone over the edge and are on a road to debt oblivion.  The global debt is now a matter of trillions.

It’s in this toxic environment that we find the new government of Liz Truss is creating more debt – £150 billion: cutting taxes in half for business and tearing up regulations.
In defiance of Britain’s net zero goals they plan to ditch green projects, lift the fracking ban and allow more drilling for oil and gas.  They plan to reverse the recent national
insurance increase, to keep company corporation tax at 19%, to lower income taxes on high salary earners and to get rid of the cap on the bonus pay-outs bankers are allowed to earn.

It seems we are returning to Thatcherite policies of ‘trickle-down’ economics making the rich richer: the richest 10th of households will benefit by £4,700 a year, the poorest 10th of houses will get £2,200.

But this new debt splurge is not being well received.  International trust in the pound’s ability to continue paying its debt obligations is being questioned and the pound’s value
internationally is plummeting.  This is simply fanning the flames of UK inflation, making life ever more painful for many families.  She’s blinded by ambition and it’s a gamble.

When prices are rising faster than wages, food, shelter and clothing costs can become devastating for a poor family.  We now have growing numbers of people unable to find
affordable housing, we have nurses supplementing their living from food banks, we have ambulances marooned outside hospitals with patients inside – our newspapers are full
of a growing fear and desperation in society, normal families worried about the future, unable to afford a decent life.

It is in this environment that Mick Lynch of RMT together with the rest of the Unions are coordinating a national day of strikes on October 1st to demonstrate for a fair distribution of wealth.

Green economists predict financial crash by 2026.  Climate change and financial crash turbocharge each other.  NO MANS LAND is a sustainable economy
which imposes fair distribution of wealth by its application and structure.  Land belongs to no one, everything that nature gives us free cannot be privately owned.  Land is the only wealth and a true economy must be based on the value of land  .

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  1. Thanks Vivienne & Gordon for this piece. Inflation is also a huge problem for the US where I live, and the people in charge are only making it worse like they are in the UK. Interest rates are being hiked, the stock market is crashing, and prices are continuing to rise. I always remember what you said Vivienne about the system of the world economy running on debt, and that this is all fake money! The stock market is fake money, so it doesn’t really upset me when it goes down. We need a sensible and fair economy, like you have proposed with No Man’s Land, but I have no faith that the current world leaders will ever do anything sensible!


    Comment by Jeffrey Jordan on 30/09/2022 at 3:02 pm

  2. Hello. Vivienne Westwood Mrs.
    My name is Hwang Tae-Gyeong, a college student. I’m currently living in Korea and 28 year old male.
    It doesn’t seem to fit the nature of this blog to write a post like this, but I couldn’t find a place to ask a question, so I took the risk of leaving a post.

    Before graduating from college, I wrote this because I was curious about how to prepare to work as an assistant or designer at Vivienne Westwood Design House in England.
    Paige was finded while browsing the brand’s Instagram.

    I am currently studying design at Konkuk University in Korea, and I am graduating at the end of this year.
    I majored in product design with industrial design, but since last year I fell in love with fashion and art, and I am studying with hopes for these.
    In my career, I hopes to become a fashion designer in the future, and I completed an internship for 3 months at a designer brand called ‘The museum visitor’ in Korea.
    Currently, I am spending my last days of school doing 1:1 custom work at a nearby suit shop. I hope it will help you to enter your company, which is a representative British brand in the future.

    My interest in your brand started when I saw the 2021 movie Cruella.
    From then on, a lot of searches for Vivienne Westwood started, and I looked at the collection’s catwalk to your brand to date and I’ve read a few books about you.
    Then I realized that I wanted to experience and work for myself.
    But since I was only designing products, I couldn’t think of a way to enter a foreign company, so I’m writing this.

    Where can I apply if I want to become a designer at Vivienne Westwood Design House in the UK, not a branch in Korea?

    I’m asking if there’s anything extra special about creating and submitting a portfolio. Because I think the direction is ambiguous for me now.
    After hearing your answer, I will apply for your company in the future.. I would like to experience a more in-depth design experience in art, womenswear and menswear and tailoring in your design house.

    I apologize again for writing in your personal space.
    Answers I’ll wait.
    have a nice day thank you 🙂

    Comment by HwangTaeGyeong on 30/09/2022 at 5:42 pm

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