You are here

Most of the people, most of the time is good enough

Or bad enough, depending on your point of view. And it's most fun if you can fool yourself while you're at it. The tutor points out this morning that most Americans are pretty profoundly confused about what's good for them:.

We live in a democracy where most of those on the verge of bankruptcy are more concerned to repeal the Death Tax on estates above $2 mil, than they are with preserving their own home when their credit card debt catches up with them. This is a testimony to the relative power of marketing versus education. Who can blame Congress for making an honest buck off the passing of bills? Meanwhile, the media look more and more like the WB Studio Productions, what in the trade actors call "Industrials."

My point of view is from the bottom. Or down below, at least, if not on the rocks. I made a bunch of money last year; but I've made hardly any this year, and that's much more typical. I'll freely admit, that if I got badly sick, I'd be pretty screwed.

The really fun and interesting thing about all of this oppobrium about deadbeat consumers who are ruining America is that it's the culture of over-consumption that these people exemplify that keeps America going. Responsible consumption would destroy the American way of life faster and more certainly than any market crash. So the forces of Right are really fooling themselves, too, if they actually think that this is at all about helping the economy. Personal bankrupcy is the expansion grid on the American economy.

So clearly, that's not what it's really about. It's about a long-range re-solidification of the American economic class structure. The class structure broke apart in the 20th century, and (excepting the 1920s) especially since 1950. It became possible for working class families to reliably place their children into the middle and upper-middle classes; now, those at the upper end of that spectrum would like to solidify their hold on the higher strata of neo-calvinist blessedness by setting skid-traps to the underclass: Below a certain threshhold, any wrong step can take you all the way back down. And once you're down, those new bankrupcy laws will make damn sure you don't get out.

But this is America. And in America, anything is possible. The longer the odds, the bigger and sweeter seems the dream.

Add new comment