Posts Tagged debt
I have been enjoying Booker T. Washington’s biography, Up from Slavery, and this week at Values & Capitalism, I unpack some of his ideas about the dignity of work, contemplating their application among today’s youth.
I start off by pointing to a moment that Washington viewed as crucial in his mobility from former slave to college president. After finally saving up enough money to travel to the Hampton Institute, Washington was given an unusual entry exam.
As Washington himself explained it:
After some hours had passed, the head teacher said to me: “The adjoining recitation-room needs sweeping. Take the broom and sweep it.”
It occurred to me at once that here was my chance. Never did I receive an order with more delight. I knew that I could sweep, for Mrs. Ruffner had thoroughly taught me how to do that when I lived with her.
I swept the recitation-room three times. Then I got a dusting-cloth and I dusted it four times…When I was through, I reported to the head teacher. She was a “Yankee” woman who knew just where to look for dirt. She went into the room and inspected the floor and closets; then she took her handkerchief and rubbed it on the woodwork about the walls, and over the table and benches. When she was unable to find one bit of dirt on the floor, or a particle of dust on any of the furniture, she quietly remarked, “I guess you will do to enter this institution.”
I was one of the happiest souls on earth. The sweeping of that room was my college examination, and never did any youth pass an examination for entrance into Harvard or Yale that gave him more genuine satisfaction. I have passed several examinations since then, but I have always felt that this was the best one I ever passed.
From there, I move to discuss Washington’s later experience in founding his own school, during which he required his students to build their campus with their own hands. His intent: “the students themselves would be taught to see not only utility in labour, but beauty and dignity; would be taught, in fact, how to lift labour up from mere drudgery and toil, and would learn to love work for its own sake.”
Here’s the modern-day takeaway, from my piece:
There is some kind of lesson here, some valuable takeaway for an entitled, lackadaisical society that has grown obsessed with a quick and artificial process of growth, one which is completely unsustainable, not to mention wholly debilitating at a deeper spiritual and cultural level.
There is also a lesson here for our leaders, one of whom recently promised to spur such artificiality faster and further, promoting things like “free” education while ignoring the “drudgery” and “toil” that Washington recognized as necessary for any kind of authentic success and genuine Read the rest of this entry »
Of all the warts Mitt Romney boasts on his big smelly toe, Newt Gingrich and others have decided to attack the one thing Romney has going for him: his business-leader experience in the private sector. (go here for the full scoop)
This week at Values & Capitalism, I offer my critique of the Gingrich(/Obama) view:
Note to Newt: I know we’d all like a 100% success rate, but high-risk investment doesn’t always pay off, and when it doesn’t, bad things happen. Businesses close, people lose their jobs and human suffering abounds. Oh yeah, and another thing: it’s not great for investment firms either.
When these companies failed under Romney’s watch, I doubt that Jolly Fat-Cat Mitt was grinning in his Doctor Claw Chair while stroking a snickering kitty. Anyone who understands anything about investment firms should understand that bad investments are, well, bad.
There’s plenty of basic economic idiocy here, not to mention nostrils-full of that all-too-familiar “pre-conversion” Gingrich stench (does “moldy baloney” capture it?). But throughout all the confused prattle—e.g. Newt’s forthcoming wanna-be Michael Moore project—I find myself haunted by a single, disturbing reality. Some people actually swallow this stuff.
The deeper issue in Gingrich’s thinking — other than his basic goal of political revenge, of course — is his apparent disdain for creative destruction and his implicit worship of the artificial.
More from my piece:
Most of [this] seems to involve an embrace of the artificial—a belief that prosperity can and should be manufactured from the top down and that successful entrepreneurship, innovation, and jobs(!!!!!!!—those are for you, Joe Biden) demand nothing more than Sugar Daddy U.S.A.’s material blessing.
Implicit in such an orientation is a belief that risk can somehow be avoided or subverted—that turning companies around is always possible, that the solution (if there is one) is always accessible/know-able, and that investments will always produce a profit (when all else fails, there’s subsidies…duh!). All you need is a warm and toasty heart and a propensity to use other people’s stuff to Read the rest of this entry »
In a recent post at Ethika Politika, I address some of the issues surrounding consumerism and charity, pointing out that one just might be a driver of the other.
Here’s an excerpt:
We like to call it “consumer culture” (most often with an “evil” at the beginning). People are standing in lines for petty products, spending money they don’t have, and passing out extensive wish lists and catalogs to friends and family. On the surface, it appears to be a spectacle of shallowness and shortsightedness. Buy, buy, buy! Sell, sell, sell! It’s all so terrible, isn’t it?
For some, it most certainly is, but for most of us, consumerism isn’t so much a sign of our materialism as it is a representation that we rely on things for survival and pleasure. In this understanding, it would seem that our consumer culture isn’t such a bad thing at all, particularly around Christmastime, when much of our buying is concerned with the interests of others. Through this lens, is there anything healthy to be found in the bustling consumeristic spirit of the holidays?
To read the full post, click here.
Here’s an excerpt:
We take seven years to complete our bachelor’s degrees, and when we’re finally finished, we complain about our debt. We specialize in fields like literature and “diversity studies” and then complain about the lack of high-paying jobs. We live with Mom and Dad till we’re 30, only so we can have enough cash to buy the newest gadgets and clothes. All of this delayed development – all of this self-absorbed, childish dilly-dallying – has led to an unproductive and entitled generation.
My proposal? A good old-fashioned “thump in the rump” from the invisible hand:
In our current economy, we still have plenty of time to choose lesser punishments – to get serious about our goals, to reexamine our futures, to readjust our attitudes, to pursue new careers. But at some point, drastic misbehavior will require drastic measures. And when it comes to my generation’s defiant, entitled, know-it-all mentality, I fear that we will reject the milder forms of discipline in hopes that we can escape any discomfort altogether.
To read the full article, click here.