The Washington Post's chief economics policy writer, Steven Mufson, has
an eight-point primer on how the financial travails of Downton Abbey's
Grantham family and its servants reflect our current financial
upheavals.
Viewers should recognize their own
precarious economic times in Mrs. Patmore's epic struggle to master the
new technological advances invading her kitchen, Molesley's downward
mobility from butler to footman, and Lord Grantham's inept investments
that result in the loss of nearly all his wife's fortune. (Mufson points
out that a 21st-century Lord Grantham would likely have fallen for
subprime mortgages or perhaps a Bernie Madoff feeder fund. His
son-in-law did talk him out of investing with that most compelling
American businessman, Charles Ponzi.)
At least Lord Grantham--unlike, say, CEO Peter "Workers don't starve in a capitalist economy" Schiff--does feel a social and moral obligation toward the people working on
his estate. He allows the son of a deceased tenant farmer to remain, and
loans him the money to pay the back taxes.
But
Mr. Molesley's situation--during a time of 12 percent unemployment-- is
perhaps most emblematic of the 21st- century precariat. The article
quotes Harvard economist Eric S. Maskin: “I see Molesley as the 1920s counterpart of the contemporary highly
skilled worker in manufacturing — left behind by changed circumstances." (h/t nakedcapitalism.com)
Meanwhile: Pigs are to supposed to save the bacon of the Grantham family, as Lady Mary herself punned in last night's episode that had her mucking about in pig slop as she helps to pump and carry water to the newly delivered but accidentally dehydrated pigs (a knocked-over trough sets the potential catastrophe in motion.) The Guardian, wanting to confirm the validity of that premise, checked in with farmer Bruce Garside, who loaned his own pigs to the show. He indeed confirms the premise, but notes "an economically viable pig operation – not to mention one that could save a castle – would probably have to be a bit larger than the one you see on Downton."--Barbara Bedway
Meanwhile: Pigs are to supposed to save the bacon of the Grantham family, as Lady Mary herself punned in last night's episode that had her mucking about in pig slop as she helps to pump and carry water to the newly delivered but accidentally dehydrated pigs (a knocked-over trough sets the potential catastrophe in motion.) The Guardian, wanting to confirm the validity of that premise, checked in with farmer Bruce Garside, who loaned his own pigs to the show. He indeed confirms the premise, but notes "an economically viable pig operation – not to mention one that could save a castle – would probably have to be a bit larger than the one you see on Downton."--Barbara Bedway
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