Via Natasha, this very perceptive piece on how profit became the new piety. It’s written for the UK, but it certainly applies here as well:
At what point did the denial of compassion become a morally righteous act? When homeless people are criminalised and single parents left destitute “for their own good”, it’s a question we need to start asking.
In a speech to the Tory party’s spring conference, David Cameron laid out the “moral” case for an ideology which prioritises the wishes of business over the needs of ordinary people. Eulogising “small business owners” as modern-day Samaritans, the Prime Minister extolled the virtues of enterprise with as much pious self-satistfaction as any po-faced priest ever preached chastity.
A generation after Thatcher, with Chicago-school economics laying waste to civil society across the globe, it is apparently no longer enough to believe that greed is good. We must be persuaded that greed is virtuous.
Max Weber’s protestant ethic has always provided a moral framework for capitalism, but since the meltdown of 2008, business devotees sound less like men of quiet faith and more like spittle-flecked fanatics ordering their followers not to flee the burning church. The maniacal Calvinist aunt in Blackadder insisted that cold is God’s way of telling us to burn more Catholics, but Cameron may as well have declared that recession is God’s way of telling us to cut more benefits.
The flipside of this fervour is the belief that anyone who does not contribute to the profit machine is somehow morally incontinent. Some on the left would like to believe that conservatives simply hate the poor. The more terrifying truth is that many of them actually believe imposing austerity measures is the moral duty of the righteous rich.
Throughout history, our worst torturers and tyrants have always been zealots, men who believe that their faith justifies any brutality.
Continue reading “Greed isn’t good, it’s downright virtuous”
