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This Just In: Greed Is Not Good

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But, of course, America’s problem is way deeper than one kleptocratic president or even a generational binge coupled with a three decade long vacation from responsibility, not to mention rationality. We have established a pervasive culture of greed, and that’s one angry chicken that has now come home to roost. What’s worse, we’ve lost the capacity as a society to even imagine an alternative ethos to guide us, though the looming economic tsunami may be just the thing – and likely the only thing – big enough to get us thinking once again.

This massive poverty of imagination is what is killing us now, undermining us at the most fundamental levels of societal identity. To grasp the magnitude of our problem, consider how we socialize our citizens and how our culture sets the priority structure of their values and aspirations. Sure, some Americans think it is noble and wonderful to pursue careers which serve the public interest, but most are taught, and simply accept, that one should aspire to making boatloads of money, and that the measure of one’s achievement is the size of their bank account and the number of toys parked in the driveways of their McMansions. I am constantly astonished by the quantity of Americans whose expressed goal in life is simply to make lots of money, which I find especially bizarre since they don’t seem to have any particular use in mind for all this cash. What this phenomenon has long suggested to me is a country full of sheep so unoriginal in their thinking that they can’t even figure out what to aspire to on their own, and a society so bankrupt in its morality that it feeds them the goal of wanton greed to fill that yawning void.

All that’s bad enough, but, besides the current economic meltdown and a society populated by moral midgets, there are also other repercussions to this ethical failure and this poverty of imagination. Chief among these is the false choice we are always presented between governance in the public interest, on the one hand, and prosperity, on the other. This bogus diversionary tactic forms the central argument of the economic predators who’ve been bleeding the country of its wealth (and, in fact, prosperity), as to why we can’t have regulation. You know, all that Washington red tape (you can’t profit off of pollution, you can’t exploit children as factory workers, you have to pay a minimum wage – horrible restrictions like that) will keep innovators from innovating and entrepreneurs from, uh, entrepreneuriating.

And, you know what? They’re actually more or less right. They’re right if, that is, you accept as a predicate would-be innovators and would-be entrepreneurs who are only motivated by an ethos of personal greed, which has been duly pounded into them through the socialization processes of a society that lost its mind and its moral bearing decades ago. Sure, okay. Under those conditions it’s probably true that most people will only work for themselves, and will only be motivated by self-interest. But what if we taught these people something different, right from the get-go when they were toddlers, and reinforced those different values throughout their adult lives? What if we taught the members of this society to value the community’s welfare as much as their own? What if we taught them that massive personal wealth was not only not the highest achievement to aspire to, but actually a sort of crass and tacky goal, only to be found amongst the most juvenile and selfish in the society? What if we strongly imprinted the idea among our people that improving the welfare of the country (or, gulp, the world) is an important life aspiration, and that those who do so are considered among our most admired countrymen, rather than those who have acquired the money to purchase bitchin’ toys and trophy wives? Is it not possible that our citizens would innovate, and that they would be every bit as motivated as they are today by greed? Maybe even more so?

And, therefore, could we not transcend this false choice of good governance versus prosperity? (Not to mention the fact that whatever prosperity we’ve experienced of late is not going to the society, anyhow. In the last three decades, while GDP has grown at a handsome clip, the middle class – and, of course, we’ve long ago now abandoned even talking about those below middle class status, let alone fighting a war on poverty – has not even stood its ground, but rather has actually lost overall purchasing power. That, of course, leaves only one mathematical explanation for what has happened. You guessed it. All that growth in national wealth has gone to the already richest Americans.)

You know, I’m not a subscriber to the prescriptions of communism for constructing the best system of political economy, much as that might come as a shock to any conservative reader of this piece. And I think it’s fair to say that the world’s experiments in communism to date – to the extent they weren’t actually just experiments in totalitarian brownshirtism – failed in large part because they possessed just the opposite flaw as that described above. They attempted to build economic systems on the equally false notion that selfishness can be completely erased from human psychology as a motivating force. It can’t. And any system dependant on that proposition for its success will have none. But, by the same token, a system that is built on the premise that people are only motivated by selfish greed, and therefore can only produce prosperity by letting every actor pursue their own self-interest, unfettered by any societal concerns, is an equally disastrous notion.

And such a society is equally bound for the ash heap of history, just as was the Soviet Union or Maoist China.

In fact, I ‘m pretty sure that’s just exactly what the cosmos is screaming in our ears, at about 150 decibels worth of volume, right at the moment. The only question is whether we are so deaf we can no longer hear the warning call, even when it’s broadcast over a galactic PA system.

But just in case, here it is. Newsflash for America! This just in! Sorry to burst your little bubble, people, but it turns out, after all, that...

Greed is not good.

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David Michael Green is a professor of political science at Hofstra University in New York.  He is delighted to receive readers' reactions to his articles (dmg@regressiveantidote.net), (more...)
 

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Opportunity, expediency and moralizing are the code. by John Hanks on Saturday, Oct 11, 2008 at 10:29:56 AM
They have ruined it by CEO on Saturday, Oct 11, 2008 at 9:10:41 PM