Tuesday, May 31, 2022

 a large amount of our current troubles are due to things done during 'acting president' reagans' regime;


May 30, 2022

Only those societies which still have a functional public interest / common good will survive; those ruled by the tyranny of self-interest will fall.


I've discussed the moral rot consuming the American Project in blog posts and my books. This moral rot--perhaps better described as civic decay--is so pervasive and ubiquitous that we are forgiven for assuming "this is the way it's always been."

This inability to discern the rot is the result of the gradualness of the decay. There are many analogies: the slowly boiled frog, the way in which weight gain creeps up on us, and so on. This is the result of humanity's finely tuned knack to habituate to any new environment and normalize what would have been intolerable in the recent past.

We adapt to changing expectations, incentives, values and realities over time and forget the way our world functioned in previous eras.

There are many examples of this. Many of the changes in our society, politics and economy can be traced back to the early 1980s, when financialization (and its offspring, regulatory capture and pay-to-play) began its rise to supremacy.

Forty years ago, student loans were unknown and healthcare costs did not bankrupt households. Forty years ago, relatively few Americans were obese. Go back a decade further, prior to the explosion of fast-food outlets, and a small percentage of the money Americans spent on food went to eating out / away from home, i.e. fast-food and restaurants. Eating out was a treat reserved for special occasions, not a daily ritual / birthright.

In the post-Vietnam era, Americans were wary of foreign entanglements. The Presidency wasn't quite as Imperial as it is today. Congress still held some modest power over foreign entanglements. This is no longer the case.

The most insightful way to grasp the pervasive moral rot is to examine the tyranny of self-interest: in the past, the public interest / common good still had a foothold in the nation's values, incentives and expectations. Now the public interest / common good are nothing but paper-thin PR cover for maximizing private gains by any means available, i.e. the supremacy of self-interest.......read more......

No comments:

Post a Comment