Wednesday 28 August 2019

The Wisdom Of J Paul Getty



I have just been reading J Paul Getty's autobiography, 'How To Be Rich', which I picked up in an antique shop.
Despite its enticing title, you don't really learn that much about how to be rich, alas.
Basically J Paul lucked out in the early 20th century oilfields of Oklahoma, though he drilled plenty of holes which didn't strike black gold as well.
Yes he had a good education and got sent to Oxford for two years of it, but his self-made father still made him earn his own money and he spent his early years living out of a battered jalopy, the front passenger seat his office, prospecting (ie drilling) on various leases, some of which paid out, but many of which turned out to be dry holes, spending the bulk of his time with roustabouts and other working men, learning the business from the ground up, literally, getting down and dirty in his overalls.
A few surprises - Mr Getty turns out to be very pro-worker and pro-union. Like Henry Ford he recognised that a workforce needs to be sufficiently well paid for the fruit of their labours to contribute to the economy in their own right. The consumers must be equipped to consume and be customers too. He boasts how he solved a pay dispute with a union within an afternoon, much to the shock of his fellow directors, and even the union itself, who had all mentally prepared for a long siege. His solution to a pay rise demand was simple. He took the balance sheet to the meeting, showed all present that the current profits allowed the pay demands to be met by 50% that year, but the second 50% of the demand would be dependent on how the company prospered in the forthcoming year. This was accepted, and in due course honoured, with the workforce incentivised to the necessary level of productivity.
J Paul was also a firm believer in CEOs donning their overalls several times a year to visit their factories or oil wells, not just for the cameras, but to work alongside their men, making it their business to know their company inside out and the view/views from the factory floor. He personally invented a new drill head retriever tool, which alone made him an enormous amount of money in solving a problem prospectors had had for decades when the screw head became detached at great depth and could not be retrieved, blocking the new hole it was trying to drill. He railed against process assuming more importance than productivity and saw this as the sure route to future business doom or takeover, and witnessed many examples of his theory in action during his long life.
He adored art and felt that the world means very little without the artefacts and writings which outlived most of their civilisations to become their only surviving legacy. He despaired in particular of the American male's rejection of high culture as being 'unmasculine' (a big fear in those days, apparently). He even goes as far as to state:  'The cultural man is invariably a self-assured, urbane and completely confident male. He recognises, appreciates and enjoys the subtler shadings and nuances to be found in the intellectual, emotional and even physical spheres of human existence - and in the relationships between human beings. Be it in a boardroom or a bedroom, he is much better equipped to play his masculine role than is the heavy-handed and maladroit educated barbarian.'
Quite a statement!
No small proportion of J Paul's wealth came from his eye for good art, but it was never an investment for him - he genuinely loved art and collected it for its own sake and the pleasure it gave him. Accordingly the J Paul Getty Trust was created after his death, the world's largest cultural and philanthropic organisation dedicated to the visual arts.
His biggest hobbyhorse however is his fear for humanity - ie the homogenisation of the individual to become as pasteurized (and bland) as milk. He sees this as a disaster not only for the economy but for the future. Human progress depends on the world's free thinkers and eccentrics according to J Paul Getty. They may sometimes be a thorn in society's side, but they are also the innovators and the stimulus every society needs to carry on thinking, debating and evolving. And he himself had been a part of the pioneering world which achieved so much - a maverick. And remained a proud 'individualist' his entire life, who neither wanted nor expected to be approved of for his every opinion.
He accepts the need for sensible structures in society but rejects the push towards regimentation, akin to fascism.
How appalled he would be then that western society is now on the brink of mandatory organ donation, mandatory vehicle tracking, mandatory smart meters, mandatory vaccination and other questionable mandatories, with the prospect of human microchipping just around the corner. As for diversity of politics and viewpoints, that is also heavily discouraged in apparent Western democracies. We also see anomalies like street drugs freely available while Western governments do more to try and drive vitamins and homeopathy underground as alleged dangers to humanity!
His worst fears appear to be coming true, though friends assure me that we will soon be replaced by cyborgs, so that's all good then! Except that no one seems to have twigged that cyborgs won't be consumers yet as they start to replace all our blue collar jobs with more mundane self-service machines.
So patriarchal is this book that J Paul scarcely mentions women at all. It is all about a man's destiny and greatness and a man's obligations to humanity. As a female I could see this as insulting, but with my comedy hat on I choose to think; 'Hooray - he's let us girlies completely off the hook!' Notwithstanding, he was writing this in the days (1976) when women could still afford to be housewives and were strongly encouraged by society to be so and he himself was in the final year of his life at eighty four, a product of his times, as we all are.
On the other hand J Paul was clearly a very progressive and individualist thinker on every other level so, on that basis, I would have loved to have met him. I am sure he would forgive a fellow arts lover for being masculinely-challenged.

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