Archive for September, 2012
The Treasury Department is reportedly feeling pressure from General Motors to “sell the government’s entire stake in the auto maker,” a move that, at the moment, would result in an estimated $15 billion loss for U.S. taxpayers. But such are the realities of dysfunctional private-public-private back-rubbery:
GM executives have grown increasingly frustrated with that ownership, and the stigma of being known as “Government Motors.” Executives have said the U.S.’s shadow is a drag on its reputation and hurts the company’s ability to recruit talent because of pay restrictions.
Last week, I explored these tensions over at Values & Capitalism, critiquing the government’s malinvestment in GM as well as the Democratic National Convention’s overt attempt to romanticize such failures:
“GM is alive, and Osama bin Laden is dead,” said President Obama in his recent speech at the DNC. The crowd responded with resounding cheers, energetically waving signs bearing the same slogan. Now, just a week later, bumper stickers are already primed for your Prius.
The problem is: Osama bin Laden is actually dead, and GM has resurrected into a zombie of sorts, fumbling and stumbling about under the control of autocrats—licking its lips for another round of taxpayer flesh.
Yet of all of the tall tales of glorious GM resurrection, the Obama’s administration’s underlying attitudes about human potential are made most clear by none other than Vice President Joe Biden, whose DNC speech rails against the “Bain way” (i.e. the profitable way), arguing that “the Bain way may bring your firm the highest profits, but it is not the way to lead our country from the highest office.”
And there she blows:
Profitability, we are told, should no longer be a priority of the American people. Further, we are told, it shouldn’t be a priority of the United States government. And this is what garners cheers from the ruling party of our nation.
We now live in a country where government-appointed know-it-alls waste tens of billions of taxpayer dollars on failing companies, only to then be hailed as “defenders of industry.” We now live in an era in which viewing government in terms of “balance sheets and write offs” is demonized; in which waste and inefficiency are downplayed; and in which those who pursue economic growth in a traditional sense are viewed as obstacles to human flourishing.
The truth, of course, is that “the Bain way” secures higher profits by discouraging wasteful behavior and drawing on everything that’s good in humanity. It is this—value creation and the reward of earned success—that makes the market much more than a market, empowering us to attain the American Dream.
The market can only be a source for good if it remains a free market: an arena where contributions come before rewards, not after. And the moment Americans forget this—the moment we join this overt celebration of government-subsidized failure—is the moment we start down the road that invariably makes America like every other entitled, vacuous Western democracy, rather than the exceptional nation we’ve always been.
If this is the contrast the Democratic party wishes to draw—a battle between Artificializer Obama vs. Realistic Romney—so be it. Americans will know what they’re buying, and if the pollsters’ current predictions hold true, we’ll get all the skeletons of “industry” and “economic progress” that we ask for.
To read the full post, click here.
In a response to a mother whose 16-year-old daughter has “given up believing in God,” Albert Mohler provides a marvelous critique of the mother’s initial premise: that she had tried to raise her family “under the same strong Christian values that [she] grew up with.”
Mohler’s most basic point: “Christian values” will never be enough:
Christian values are the problem. Hell will be filled with people who were avidly committed to Christian values. Christian values cannot save anyone and never will. The gospel of Jesus Christ is not a Christian value, and a comfortability with Christian values can blind sinners to their need for the gospel.
This one sentence may not accurately communicate this mother’s understanding, but it appears to be perfectly consistent with the larger context of her question and the source of the advice she sought.
Parents who raise their children with nothing more than Christian values should not be surprised when their children abandon those values. If the child or young person does not have a firm commitment to Christ and to the truth of the Christian faith, values will have no binding authority, and we should not expect that they would. Most of our neighbors have some commitment to Christian values, but what they desperately need is salvation from their sins. This does not come by Christian values, no matter how fervently held. Salvation comes only by the gospel of Jesus Christ…
… Human beings are natural-born moralists, and moralism is the most potent of all the false gospels. The language of “values” is the language of moralism and cultural Protestantism — what the Germans called Kulturprotestantismus. This is the religion that produces cultural Christians, and cultural Christianity soon dissipates into atheism, agnosticism, and other forms of non-belief. Cultural Christianity is the great denomination of moralism, and far too many church folk fail to recognize that their own religion is only cultural Christianity — not the genuine Christian faith.
This connects quite well with James Davison Hunter’s thesis in his book, The Death of Character: Moral Education in an Age Without Good or Evil, albeit toward slightly broader ends.
For Hunter, focusing on sacred truths — or, in Mohler’s case, salvation through Christ — is the best approach not just for retaining belief in God, but for achieving a moral and virtuous society filled with individuals of strong character:
The social and cultural conditions that make character possible are no longer present and no amount of political rhetoric, legal maneuvering, educational policy making, or money can change that reality. Its time has passed…
This destruction occurs simultaneously with the rise of “values.” Values are truths that have been deprived of their commanding character. They are substitutes for revelation, imperatives that have dissolved into a range of possibilities. The very word “value” signifies the reduction of truth to utility, taboo to fashion, conviction to mere preference; all provisional, all exchangeable. Both values and “lifestyle”—a way of living that reflects the accumulation of one’s values—bespeak a world in which nothing is sacred. Neither word carries the weight of conviction; the commitment to truths made sacred…
…Whatever benefits such a fluid and temporary moral universe may offer, they fail to lessen our dismay when we witness random and senseless violence; our outrage when we see open displays of corruption; our indignation when we observe a flouting of basic standards of decency; and our sadness as we watch callousness when compassion and mercy cry out. But why should we be surprised? When the self is stripped of moral anchoring, there is nothing to which the will is bound to submit, nothing innate to keep it in check. There is no compelling reason to be Read the rest of this entry »