Monday, 27th April 2015

by Joshua Gaskell

I keep coming across the phrase Anglo-Saxon Capitalism, and looking it up find that it is an established political term. It denotes

A system of capitalism characterized by extensive market coordination by economic actors and relatively neutral patterns of governmental market regulation aimed at maintaining property right institutions without privileging particular social actors. (The Concise Oxford Dictionary of Politics)

I believe the phrase to be a slur against my communally minded ancestors. David Starkey began his Monarchy series by saying of the Anglo-Saxons,

This was a community without sharp social distinctions, and a people without kings. […] Nothing [in the West Stow Anglo-Saxon Village] suggests that anyone was much more important than anyone else. We’re a long way, here, from the exalted autocracy of the Roman Empire, with its huge gap between rich and poor. Instead, the folk of West Stow […] seem to have been, essentially, an egalitarian people…

As an Anglo-Saxon socialist, I feel deeply offended by the term Anglo-Saxon Capitalism, and therefore believe that it should be consigned to the ashcan of politically incorrect history, along with the likes of Eskimo, chairman, and you’re going to feel a little prick.