Showing posts with label markets. Show all posts
Showing posts with label markets. Show all posts

Friday, April 22, 2011

Why Patients are not Consumers

The reason patients cannot be reduced to consumers is that they are persons, not events. A naturalistic worldview can only account for that which is material: able to be quantified, therefore able to be measured; therefore able to be predicted, therefore able to be controlled. Events are able to be reduced to material explanations. Persons are not. Persons are both material AND immaterial; matter AND  form, body AND soul, events AND agents.  What is immaterial cannot be quantified,  it is unable to be priced: therefore it is outside the realm of commerce.


Patients Are Not Consumers
By PAUL KRUGMAN
Published: April 21, 2011
Earlier this week, The Times reported on Congressional backlash against the Independent Payment Advisory Board, a key part of efforts to rein in health care costs. This backlash was predictable; it is also profoundly irresponsible, as I’ll explain in a minute.

But something else struck me as I looked at Republican arguments against the board, which hinge on the notion that what we really need to do, as the House budget proposal put it, is to “make government health care programs more responsive to consumer choice.”

Here’s my question: How did it become normal, or for that matter even acceptable, to refer to medical patients as “consumers”? The relationship between patient and doctor used to be considered something special, almost sacred. Now politicians and supposed reformers talk about the act of receiving care as if it were no different from a commercial transaction, like buying a car ­ and their only complaint is that it isn’t commercial enough.

What has gone wrong with us?

About that advisory board: We have to do something about health care costs, which means that we have to find a way to start saying no. In particular, given continuing medical innovation, we can’t maintain a system in which Medicare essentially pays for anything a doctor recommends. And that’s especially true when that blank-check approach is combined with a system that gives doctors and hospitals ­ who aren’t saints ­ a strong financial incentive to engage in excessive care.

Hence the advisory board, whose creation was mandated by last year’s health reform. The board, composed of health-care experts, would be given a target rate of growth in Medicare spending. To keep spending at or below this target, the board would submit “fast-track” recommendations for cost control that would go into effect automatically unless overruled by Congress.

Before you start yelling about “rationing” and “death panels,” bear in mind that we’re not talking about limits on what health care you’re allowed to buy with your own (or your insurance company’s) money. We’re talking only about what will be paid for with taxpayers’ money. And the last time I looked at it, the Declaration of Independence didn’t declare that we had the right to life, liberty, and the all-expenses-paid pursuit of happiness.

And the point is that choices must be made; one way or another, government spending on health care must be limited.

Now, what House Republicans propose is that the government simply push the problem of rising health care costs on to seniors; that is, that we replace Medicare with vouchers that can be applied to private insurance, and that we count on seniors and insurance companies to work it out somehow. This, they claim, would be superior to expert review because it would open health care to the wonders of “consumer choice.”

What’s wrong with this idea (aside from the grossly inadequate value of the proposed vouchers)? One answer is that it wouldn’t work. “Consumer-based” medicine has been a bust everywhere it has been tried. To take the most directly relevant example, Medicare Advantage, which was originally called Medicare + Choice, was supposed to save money; it ended up costing substantially more than traditional Medicare. America has the most “consumer-driven” health care system in the advanced world. It also has by far the highest costs yet provides a quality of care no better than far cheaper systems in other countries.

But the fact that Republicans are demanding that we literally stake our health, even our lives, on an already failed approach is only part of what’s wrong here. As I said earlier, there’s something terribly wrong with the whole notion of patients as “consumers” and health care as simply a financial transaction.

Medical care, after all, is an area in which crucial decisions ­ life and death decisions ­ must be made. Yet making such decisions intelligently requires a vast amount of specialized knowledge. Furthermore, those decisions often must be made under conditions in which the patient is incapacitated, under severe stress, or needs action immediately, with no time for discussion, let alone comparison shopping.

That’s why we have medical ethics. That’s why doctors have traditionally both been viewed as something special and been expected to behave according to higher standards than the average professional. There’s a reason we have TV series about heroic doctors, while we don’t have TV series about heroic middle managers.

The idea that all this can be reduced to money ­ that doctors are just “providers” selling services to health care “consumers” ­ is, well, sickening. And the prevalence of this kind of language is a sign that something has gone very wrong not just with this discussion, but with our society’s values.

A version of this op-ed appeared in print on April 22, 2011, on page A23 of the New York edition with the headline: Patients Are Not Consumers

ADDENDUM: On April 25, 2011, the Economist published a response to Krugman, entitled "Diagnosing Krugman." My further remarks can be seen, above, in an April 28 post, Why Patients are not Consumers, Part 2."

Thursday, February 26, 2009

Why Wall Street Always Blows It


Collin has alerted me to an excellent article in Atlantic, Why Wall Street Always Blows It,by Henry Blodget. Here are some keepers:

"...But most bubbles are the product of more than just bad faith, or incompetence, or rank stupidity; the interaction of human psychology with a market economy practically ensures that they will form. In this sense, bubbles are perfectly rational—or at least they’re a rational and unavoidable by-product of capitalism (which, as Winston Churchill might have said, is the worst economic system on the planet except for all the others). Technology and circumstances change, but the human animal doesn’t. And markets are ultimately about people."

***************

"...So what can we learn from all this? In the words of the great investor Jeremy Grantham, who saw this collapse coming and has seen just about everything else in his four-decade career: “We will learn an enormous amount in a very short time, quite a bit in the medium term, and absolutely nothing in the long term.” Of course, to paraphrase Keynes, in the long term, you and I will be dead. Until that time comes, here are three thoughts I hope we all can keep in mind.

First, bubbles are to free-market capitalism as hurricanes are to weather: regular, natural, and unavoidable. They have happened since the dawn of economic history, and they’ll keep happening for as long as humans walk the Earth, no matter how we try to stop them. We can’t legislate away the business cycle, just as we can’t eliminate the self-interest that makes the whole capitalist system work. We would do ourselves a favor if we stopped pretending we can.

Second, bubbles and their aftermaths aren’t all bad: the tech and Internet bubble, for example, helped fund the development of a global medium that will eventually be as central to society as electricity. Likewise, the latest bust will almost certainly lead to a smaller, poorer financial industry, meaning that many talented workers will go instead into other careers—that’s probably a healthy rebalancing for the economy as a whole. The current bust will also lead to at least some regulatory improvements that endure; the carnage of 1933, for example, gave rise to many of our securities laws and to the SEC, without which this bust would have been worse.

Lastly, we who have had the misfortune of learning firsthand from this experience—and in a bust this big, that group includes just about everyone—can take pains to make sure that we, personally, never make similar mistakes again. Specifically, we can save more, spend less, diversify our investments, and avoid buying things we can’t afford. Most of all, a few decades down the road, we can raise an eyebrow when our children explain that we really should get in on the new new new thing because, yes, it’s different this time.




Monday, February 02, 2009

Thoughts on watching "Network" (1976)


Tonight I watched Network, after seeing it for the first time over 30 years ago. It is a powerful film with a brilliant script. So much of what was then scathing satire has now become commonplace. It is tempting to think that Arthur Jensen's sermon to Howard Beale--while dated--still is prophetic.

Then I remember today's OT reading, Deuteronomy 18:15-20. Reading further, to verse 22, Moses instructs the Israelites: "You may say to yourselves,'How can we know when a message has not been spoken by the LORD?' If what a prophet proclaims in the name of the LORD does not take place or come true, that is a message the LORD has not spoken. That prophet has spoken presumptuously."

So, contrary to current appearances, this is what is true:

1) Not everything can be bought and sold.

2) The world is NOT a business.

3) The evangel is not that we are saved by they market, but rather that we are saved by Jesus Christ.

4) The totality of life on this planet is not determined by the international system of currency, or the banks, or the stock market, or the Fed, or Davos or any other financial tool or institution, but by
"one God, the Father, from whom all things came and for whom we live; and ...one Lord, Jesus Christ, through whom all things came and through whom we live." (Today's NT reading, 1 Corinthians 8:1-13).


I believe that Arthur Jensen will someday be shown to be a false prophet. Do you?
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Arthur Jensen: [bellowing] You have meddled with the primal forces of nature, Mr. Beale, and I won't have it! Is that clear? You think you've merely stopped a business deal. That is not the case! The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance! You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! And YOU have meddled with the primal forces of nature, and YOU...WILL...ATONE!
Arthur Jensen: [calmly] Am I getting through to you, Mr. Beale? You get up on your little twenty-one inch screen and howl about America and democracy. There is no America. There is no democracy. There is only IBM, and ITT, and AT&T, and DuPont, Dow, Union Carbide, and Exxon. Those *are* the nations of the world today. What do you think the Russians talk about in their councils of state, Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do. We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that . . . perfect world . . . in which there's no war or famine, oppression or brutality. One vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock. All necessities provided, all anxieties tranquilized, all boredom amused. And I have chosen you, Mr. Beale, to preach this evangel.
Howard Beale: Why me?
Arthur Jensen: Because you're on television, dummy. Sixty million people watch you every night of the week, Monday through Friday.
Howard Beale: I have seen the face of God.
Arthur Jensen: You just might be right, Mr. Beale.

Monday, January 26, 2009

Caviar and Concepts: A Teaching Moment for the Church?

detail, Old Woman Examining a coin by a Lantern, by Gerrit van Honthorst,(1592-1556)

"Caviar Days are over" for the World Economic Forum at Davos, according to this article. The Masters of the Universe are making do with ham and cheese and white wine, instead of lobster, caviar and Dom Perignon. And Jean-Pierre Lehmann, professor at the IMD business school, is resorting to religious language to describe the situation:

"Citigroup used to throw big parties. So did Goldman Sachs and the others. But the mood this year is very different." Davos, he noted, was founded on the "dogma of business leadership" which in recent months has been choking on fallout from the credit crisis fallout. "There was always a certain element of evangelism capitalism during previous years' Davos. You don't get fundamental debate on the system," he said.

Lehman is on the lookout for "acts of contrition" this year, as bankers and other captains of industries are under the spotlight for their role in the financial crisis.


Is the City of God ready to enter the collapsing City of Man? Certainly the latter is beginning to appropriate its language; and that offers us a huge opportunity. Are we able to recognize it, and use it as a "teaching moment?" Are there "bilingual" Christians prepared to enter the halls of finance, listen to the conversations happening there, and explain the original, authentic meanings of these terms? Missionaries can come in all kinds of dress, and not only to people who live in poverty!
The greatest tragedy would be if such words lost their tethering in the Christian narrative, were absorbed into the commerce of the Market, and were thus stripped of their theological power. May God raise up men and women who will take advantage of the present financial crisis to witness to the Living Word.

ADDENDUM, 1/29/09 On yesterday's Marketplace, I heard the following segment, where Scott Jagow asked about the mood at Davos. Diane Brady replied:

Diane Brady: I think the general mood is a real sense of confusion. There's a sense that there's going to be unprecedented government intervention in the next year, and so there's more CEOs and chairpersons than ever in the history of Davos. There's also more world leaders here, so I think you're dealing with people whose industries have collapsed in a way that they've never seen, and they're trying to figure out what will get the world out of this, nevermind their own companies.

Confusion...loss of control...collapse...just the sort of tinder the Holy Spirit is able to use.

Monday, December 01, 2008

Seasonal Sacrifices


Randall Friesen nailed it: And now we sacrifice humans to the god we serve.

The rush to blame has begun. Police and the family's lawyer hold Wal Mart responsible for Jdimytai Damour's death. James Wolcott blames the media:

What you don't see in these Black Friday updates are interviews with the people who work in these mall chains, who have to show up at even more ungodly hours than do the shoppers in order to stock the shelves and prepare for the store openings. Openings that get nearer to the Thanksgiving meal each year, with some stores opening at midnight on Thanksgiving day and others at 4 AM on Black Friday, forcing workers to cut short their own holiday plans and put in exhausting zombie hours. It's become an arms race between the major chains, and putting a stop to these excesses and exploitations is a stellar case for unionization. I see countless inane interviews with shoppers carrying bags full of booty, interviewer and interviewee competing to see who can be more effing cutesy, but nothing with the cashiers or shelvers after they've put in a long shift. How much does a security guard or greeter make at one of these malls? It never occurs to any reporter (or assignment editor) to ask; it would be a breach of journalistic etiquette to try anything that Studs Terkel. If nothing else, it would be nice if CNBC and the other cable networks would at least stop hyping Black Friday as if it were the Super Bowl, grinning and ruminating about it as if it were some durable and endearing national tradition. Quit treating shoppers loaded with merchandise dragging their fat butts across the parking lot as if they were some hardy breed of buffalo hunter heeding the call of the wild. For an ironic postscript, you can hardly do better than this:

About the time that Mr. Damour was killed, a shopper at a Wal-Mart in Farmingdale, 15 miles east of Valley Stream, said she was trampled by a crowd of overeager customers, the Suffolk County police reported. The woman sustained a cut on her leg, but finished her shopping before filing the police report, an officer said.

So far I haven't heard much about holding the 2000 shoppers accountable. Sometimes sheer numbers make it impossible to assign responsibility. It's far easier to point the finger at those with names and bank accounts.

Sigh. The truth is we are all still tempted by the same gods as the Israelites.
Though we no longer name it Baal--"giver of abundance--" we still worship material goods and economic prosperity.
Though we no longer name it Ashtoreth, we still glorify lust and sexual prowess.
Though we no longer name it Molech, we still exalt power and the ability to destroy.

How will we repent this Advent?
We have a chance to honor Datour's memory, and to truly celebrate Christ's coming. Advent Conspiracy has some suggestions, but here's a couple of really basic things I'm going to try to do:

1) I'm going to be mindful of clerks, cashiers, stockpersons and others who serve me. I'm going to silently give thanks for them and pray that God will bless them. I'm going look them in the eye and to smile. Acknowledge their efforts and sympathize with their situation. Give honest compliments. Say thank you. Treat them not as objects, but as persons who may have aching feet and backs and families waiting for dinner.

2) When I'm in a long line I'm going to try to be patient. I'm going to surprise someone behind me by letting them go ahead of me.

3) I'm going to support our youth in their "Walk for Water."

I want to stop sacrificing myself and others to false gods. I want to sacrifice myself for Jesus. "Therefore, I urge you, brothers and sisters, in view of God's mercy, to offer your bodies as a living sacrifice, holy and pleasing to God—this is true worship." (Romans 12:1).

Venite Adoremus!

Wednesday, October 15, 2008

Just Wondering...about economics



Welcome to the U.S.S.A. !


Somebody please "splain" it to me.

When Hugo Chavez nationalizes oil, concrete and steel industries, it's a Bad Thing.

When George, Hank and Ben nationalize banks, its a Good Thing.

The new plan-- to currently fork over a $125 billion to nine banks and later another $125 billion to other needy banks in exchange for partial ownership-- is "not intended to take over the free market but to preserve it," according to our president. Hmm. We're supposed to shore up the Free Market by doing away with it. Capitalism will be saved by Socialism. Is this just a little postmodern irony? Or what?

Sorry, I'm just not tracking. Isn't it like saying, "we're going to preserve this marriage by practicing a bit of infidelity." Or "we're going to fix this decayed tooth by filling it with a sugar cube." It seems to me that all this is showing either that something is wrong with Free Markets, or that something is wrong with the socialist "bailout" strategy. Once and for all: is there an invisible hand, or isn't there? Paradox I can embrace, but contradictions drive me batty. Won't somebody please show me why all this isn't one immense contradiction?

Oh--what's that you say? It wasn't "nationalization," or "socialism;" it was a "capital injection."

Well there we finally have it!

Now would somebody please tell me how far $250 billion would go toward providing decent health care in this country? How do we go about getting one of those "capital injections" for the 44.8 million Americans who lack health insurance?

And then could somebody please tell me where exactly the $250 billion for the "cash injection" is coming from?

I'm no economist-- I'm only a philosopher just trying to get along.
-------------------------------------------------------

See the USA TODAY article here:

The president recognized reality again this week when he signed off on a plan to buy up to $250 billion of stock in the nation's leading banks....

The latest venture into commercial banks — "capital injection" in White House lexicon — is but another in a series of philosophical concessions Bush has made when convinced that sticking to his principles would bring on economic calamity. On Tuesday, he vowed that the government's role "will be limited and temporary. … These measures are not intended to take over the free market, but to preserve it."

The administration adopted the latest plan, however, after more than three weeks of proposing other actions, such as buying up toxic assets from financial institutions. The asset purchases are still planned, but they will take weeks to prepare.

Paulson and others initially rejected the capital injection plan, as was tried without much success in Japan in 1999.

"The right way to do this is not going around and using guarantees or injecting capital," Paulson told the Senate Committee on Banking, Housing and Urban Affairs on Sept. 23. Ultimately, the equity purchase plan became one option in the $700 billion rescue plan passed by Congress.

"I think they were opposed to the idea that someone would say it's nationalization," said Rep. Spencer Bachus, R-Ala., who said he first proposed investing in banks at a meeting with Paulson and Federal Reserve Board Chairman Ben Bernanke on Sept. 18.

By this week, Paulson had come around to the idea. "It was Hank who came and said, 'Look, we've been assessing this, and we think that given current conditions … this will work,' " White House deputy press secretary Tony Fratto said.

Bush "backed Paulson. Whatever Secretary Paulson said, that's what he was going with," Bachus said. He said Paulson called him Monday to apologize for his initial hesitancy.

Republicans and business leaders who have met with Bush in recent weeks describe a president who's not hesitant to act. His job approval ratings — 25% in the most recent USA TODAY/Gallup Poll — can't sink much lower.

Bush told business leaders at the White House earlier this month he was glad the financial crisis happened during his presidency, rather than at the beginning of a new administration, said R. Bruce Josten, the chief Washington lobbyist for the U.S. Chamber of Commerce. Bush said he told his economic advisers, "Get after it big."


Monday, October 13, 2008

End times economists?


Heard this evening on American Public Media's Market Place:

Sean Cole: When the financial crisis really started to take hold, I got to thinking what I often think in times of crisis: that people who already believe the world is coming to an end must be feeling pretty vindicated right now. So, I went to this Web site called Rapture Forums to check out some of the discussions. This was right after the House voted down the first bail out bill and the Dow tanked. Here are some excerpts:

First comment: People, I find it amazing that it would close 777 points down today. The biblical numbers of perfect completion. I pray we are out of here soon.

Second comment: I say praise God, bring it on!

Third comment: I second your statement to praise God. All this is just bringing us closer to being with Him.

The Rapture, if you're not familiar, is when all of Christ's followers ascend to heaven. This is supposed to happen before, or after depending on who you ask, a seven-year period of great tribulation. The Antichrist enslaves humanity. All sorts of awful things happen. That's a long way off yet, but supposedly we've already entered what's known as the end times. So, I thought I should talk to a couple guys who specialize in what you might call end times economics.

Norm Franz: I believe that the fact that the Dow was down 777 points on the eve of Rosh Hashanah it didn't happen by coincidence.

Continued here.

Personally, I wish Market Place had interviewed Eugene Cho. He has an excellent blog entry that deals with money and issues of anxiety, faith and trust in a far less sensational but far more convicting way.

Thursday, September 18, 2008

You heard it here...over a year ago


According to the Washington Post, "[Treasury Secretary Henry M.] Paulson and [Federal Reserve Chairman Ben S.] Bernanke presented a 'chilling' picture of the state of the financial system, according to a participant in the meeting who spoke on condition of anonymity."

Over a year ago, this blog quoted Rabbi Jonathan Sacks. His words were prescient, given the current economic debacle.

"Socialism is not the only enemy of the market economy. Another enemy, all the more powerful for its recent global triumph, is the market economy itself. When everything that matters can be bought and sold, when commitments can be broken because they are no longer to our advantage, when shopping becomes salvation and advertising slogans become our litany, when our worth is measured by how much we earn and spend, then the market is destroying the very virtues on which in the long run it depends. That, not the return of socialism, is the danger that advanced economies now face. And in these times, when markets seem to hold out the promise of uninterrupted growth in our satisfaction of desires, the voice of our great religious traditions needs to be heard, warning us of the gods that devour their own children, and of the temples that stand today as relics of civilizations that once seemed invincible.

The market, in my view, has already gone too far: not indeed as an economic system, but as a cast of thought governing relationships and the image we have of ourselves. A great rabbi once taught this lesson to a successful but unhappy businessman. He took him to the window and asked him, What do you see? The man replied, I see the world. He then took him to a mirror and asked, What do you see? He replied, I see myself. That, said the rabbi, is what happens when silver covers glass. Instead of seeing the world you see only yourself. The idea that human happiness can be exhaustively accounted for in terms of things we can buy, exchange, and replace is one of the great corrosive acids that eat away the foundations on which society rests; and by the time we have discovered this, it is already too late.

The market does not survive by market forces alone. It depends on respect for institutions, which are themselves expressions of our reverence for the human individual as the image and likeness of God."


I find it sadly ironic that at the very time the market might be open to rethinking its need to respect the institutions Rabbi Sacks names (Sabbath, marriage and family, education, property, tradition/Law/Scripture) so many Christians are advocating jettisoning the very concept of "institution." Are we missing a really important teaching moment?

Monday, October 29, 2007

Those who live by the sword...

from Monday, Oct. 29, 2007
Marketplace:

Neal may be out on subprime results

Merrill Lynch CEO Stan O'Neal reportedly will be leaving the investment house following its announcement last week of $8 billion in subprime write-downs. Steve Henn reports O'Neal would be the highest profile casualty of the subprime mortgage debacle.

KAI RYSSDAL: Rumors that Stan O'Neal wasn't long for Merrill Lynch started bubbling to the surface on Friday. We told you last week after that $8 billion in subprime writedowns was announced that O'Neal said he's responsible for the performance of the firm -- and the board has apparently decided to hold him to that.

Marketplace's Steve Henn reports O'Neal would be the highest-profile casualty of the subprime mortgage debacle.

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Steve Henn: Last week, Merrill Lynch announced a $2.3 billion loss, one of the worst in its history. The bloodbath stemmed from investments in bundled subprime mortgages securities. Other big banks hedged their bets in subprime and did a lot better.

David Abella: Merrill Lynch is supposed to be a very cutting edge prestigious investment bank and it looks like they were totally caught sleeping at the wheel.

David Abella is a portfolio manager at Rochdale Investment Management.

Abella: Merrill's loss... the magnitude is just so much greater than the other institutions.

Abella says it's not surprising that the blame for the debacle has reached all the way to Merrill's CEO, Stanley O'Neal. Last week, after wiping out billions of dollars in shareholder equity, O'Neal began unauthorized negotiations for a merger with a rival bank. That deal could have netted O'Neal personally around a quarter of a billion dollars.

When O'Neal took the reins at Merrill Lynch five years ago, he set out to change the firm's corporate culture, making it more aggressive. He laid off almost 15,000 employees, and dozens of senior executives left.

Winthrop Smith: As a result, I think he has lost the loyalty of both former and current employees.

Winthrop Smith headed Merrill's international brokerage until 2002. He says O'Neal pushed out many top managers who had weathered similar credit crises in the past.

Smith: That loss of experience and loss of memory certainly has had an impact.

And Smith says today, it looks a lot like O'Neal is falling victim to the more cutthroat, unforgiving corporate culture that he helped create.
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Does this have anything to teach us, as the Church?

Friday, August 17, 2007

Can we Be Human Without the Humanities?



What will happen to a society that no longer asks the "why" and "what for?" questions? What is the place for the Gospel in a society for the only realities are those which can be measured, predicted, and assigned some market value? How does "grace" translate into Consumerese? Ultimately, is there any difference between communist China purging itself of its intellectuals, and capitalist America letting its intellectuals slowly starve?

Can we be human without the humanities?

Mark Regenerus writes:

"Universities' investment in the humanities—which are critical to the function of asking the "why" and "what for" questions—is giving way to market-based decisions, like rewarding income- and prestige-generating disciplines (like the sciences), professional schools (like law and engineering), graduate programs, restructuring core curricula, etc.

The result is that very many young adults are no longer even asked to wrestle with issues of faith, religion, values, and ultimate beliefs. They're just in college to get good grades (for graduate school) or to earn technical or professional certification in order to boost their career start. And universities seem okay with this because it pays. All the while, humanities professors are a shrinking share of the faculty, and they're increasingly rewarded not for becoming intellectuals but for specializing in narrow areas of interest and research. Be more like the hard sciences, we're told."


I see an analogy between deism and the Market. James Sire called deism the "isthmus between theism and naturalism," because it was parasitic on the premodern values and beliefs. But like any unstable element, it eventually shifted toward the more stable state. Eventually there came a time when the Jeffersons gave way to the Nietzsches.

What will the world look like when all that remains are the true values of the market--survival, greed, power--untamed and untempered by any "whys?" or "what fors?" Are we entering a new but more prosperous Dark Ages? Will there be postmodern monks who keep learning alive in a world-turned-market? If so, where will they come from? Who will they be?

Saturday, June 16, 2007

Eugene Peterson and Rabbi Jonathan Sacks: Strange Bedfellows, Wise Voices















Two passages I've been reflecting on:

First:
There is a great market for religious experience in our world; there is little enthusiasm for the patient acquisition of virtue little inclination to sign up for a long apprenticeship in what earlier generations of Christians called holiness."

--Eugene Peterson, A Long Obedience in the Same Direction

Second:

[This is the final part of an article, "Markets and Morals," that I use in my ethics class. It is by Jonathan Sacks, chief rabbi of the British Commonwealth. http://www.firstthings.com/article.php3?id_article=2654

While it's main focus is on economics, I think it has something to say to our situation at VCC. How will we be formed spiritually, as persons and as Christ's Body? Right now there is a struggle over visions for the future: shall we be tourists/consumers, or pilgrims? What will our ecclesiology be? One based on market and satisfying the self, or one based on virtue and imitation of Christ? Does Jesus give us Life, or lifestyle? Will our relationships be driven by our desires or by discipleship to Jesus Christ?

Ironically (or maybe it is God's providential sense of humor!) I think Sack's five "features of Judaism" can also function as signs of our life in Christ:

1) Sabbath
2) Marriage and Family (if understood more broadly as Body of Christ)
3) Education
4) the concept of Property
5) tradition/Law (if understood more broadly as Scripture)

These are some ways that the Body of Christ says to the world: "thus far and no farther. There are realms in which you may not intrude." They are also some of the ways the Body of Christ says to the world: "Come unto Me, all you who are heavy laden, and I will give you rest." A few folks might even call them (gasp!) institutions.]


"I want to draw attention to five features of Judaism, essential to its way of life, that on the face of it stand utterly opposed to the market ethic.

The first, of course, is the Sabbath and its related institutions, the sabbatical year and the jubilee. The Sabbath is the boundary Judaism draws around economic activity. What marked the Sabbath off from all other religious celebrations in the ancient world was its concept of a day of rest. So unintelligible was this to the writers of ancient Greece that they accused Jews of observing it merely out of laziness. But of course what was at the heart of the Sabbath was and is the idea that there are important truths about the human condition that cannot be accounted for in terms of work or economics. [BETH ADDS: or amusement.] The Sabbath is the day on which we neither work nor employ others to do our work, on which we neither buy nor sell, in which all manipulation of nature for creative ends is forbidden, in which all hierarchies of power or wealth are suspended.

The Sabbath is one of those phenomena-incomprehensible from the outside-that you have to live in order to understand. For countless generations of Jews it was the still point in the turning world, the moment at which we renew our attachment to family and community, during which we live the truth that the world is not wholly ours to bend to our will but something given to us in trust to conserve for future generations, and in which the inequalities of a market economy are counterbalanced by a world in which money does not count, in which we are all equal citizens. The Jewish writer Achad Ha-am was surely correct when he said that more than the Jews have kept the Sabbath, the Sabbath has kept the Jews. It was and is the one day in seven in which we live out all those values that are in danger of being obscured in the daily rush of events; the day in which we stop making a living and learn instead simply how to live.

Secondly, consider marriage and the family. Judaism is one of the great familial traditions, and this despite the fact that in strict legal terms a Jewish marriage has the form of a contract; that Judaism has never prohibited divorce by mutual consent; and that it is quite relaxed about that modern development, the prenuptial agreement, and indeed sees it as a useful device in alleviating the stress of separation. The reason Judaism has often succeeded in sustaining strong marriages and families has little to do with the structure of Jewish marriage law, and a great deal to do with its ritual life, the way in which many of the supreme religious moments take place in the home as a dialogue between husband and wife, or between parents and children. Ultimately, Judaism saw marriage not as a contract but as the supreme example of a covenant, namely a commitment based not on mutual benefit but on mutual belonging, whose key value is fidelity, holding fast to one another especially during difficult times because you are part of who I am. The Jewish family survived because, in the graphic phrase of the sages, it was surrounded by a hedge of roses,an elaborate network of rituals that bound individuals together in a matrix of mutual giving that was utterly at odds with a market ethic.

Thirdly, consider education. I have already mentioned that Jewish law favors competition in the provision of teaching. What it did not do, however, was to leave access to education to the market and to the ability to pay. Even in the days of Moses, Jews were instructed to set the highest religious value on education-as one of our most famous prayers, taken from the book of Deuteronomy, puts it: You shall teach these things diligently to your children, speaking of them when you sit at home or travel on the way, when you lie down and when you rise up.And by the first century, Jews had constructed the world's first system of universal compulsory education, funded by collective taxation. Education, the life of the mind, an ability to follow a train of thought and see the alternative possibilities that give rise to argument, are essential features of Jewish spirituality, and ones to which everyone, however poor, must be given access.

Fourthly, the concept of property. I mentioned earlier that Judaism has a high regard for private property as an institution governing the relations between human beings. At the same time, though, governing the relationship between humanity and God, there has been an equal insistence that what we have we do not unconditionally own. Ultimately everything belongs to God. What we have, we hold in trust. And there are conditions to that trust-or as the great Victorian Jew Sir Moses Montefiore put it, We are worth what we are willing to share with others.

And finally, there is the Jewish tradition of law itself. It was a non-Jew, William Rees-Mogg, who first drew my attention to the connection between Jewish law and the control of inflation, a link that I confess I never thought of making. His argument is contained in The Reigning Error, a book he wrote in 1974, a time of high inflation. It was simply this: Inflation is a disease of inordinacy.It comes about through a failure to understand that energy, to be channeled, needs restraints. It was the constant discipline of law, he says, that provided the boundaries within which Jewish creativity could flow. The law, to quote his words, has acted as a bottle inside which this spiritual and intellectual energy could be held; only because it could be held has it been possible to make use of it. It has not merely exploded or been dispersed; it has been harnessed as a continuous power.Jews, for Rees-Mogg, were a model of acquired self-restraint, and it was the failure of societies to practice self-restraint that led to runaway inflation [
BETH would add: also moral and theological error.]

And with this I come back to Hayek and The Fatal Conceit. It was Hayek's view that moral systems produced their results, not directly or by conscious intention, but rather in the long run and often in ways that could not have been foreseen. Certainly Jews believed that their way of life would lead to the blessings of prosperity. That, after all, is the substance of many of Moses' prophecies. But there was no direct connection between institutions like the Sabbath and economic growth. How could there be? The Sabbath, the family, the educational system, the concept of ownership as trusteeship, and the disciplines of the law were not constructed on the basis of economic calculation. To the contrary, they were ways in which Judaism in effect said to the market: thus far and no farther. There are realms in which you may not intrude.

The concept of the holy is precisely the domain in which the worth of things is not judged by their market price or economic value.
[BETH WOULD ADD: or by their appeal or entertainment value].And this fundamental insight of Judaism is all the more striking given its respect for the market within the marketplace. The fatal conceit for Judaism is to believe that the market governs the totality of our lives, when it in fact governs only a limited part of it, that which concerns the goods we think of as being subject to production and exchange.
There are things fundamental to being human that we do not produce; instead we receive from those who came before us and from God Himself. And there are things that we may not exchange, however high the price.

Socialism is not the only enemy of the market economy. Another enemy, all the more powerful for its recent global triumph, is the market economy itself. When everything that matters can be bought and sold, when commitments can be broken because they are no longer to our advantage, when shopping becomes salvation and advertising slogans become our litany, when our worth is measured by how much we earn and spend, [BETH would add: when what we take to be real is only what we can feel] then the market is destroying the very virtues on which in the long run it depends. That, not the return of socialism, is the danger that advanced economies now face. And in these times, when markets seem to hold out the promise of uninterrupted growth in our satisfaction of desires, the voice of our great religious traditions needs to be heard, warning us of the gods that devour their own children, and of the temples that stand today as relics of civilizations that once seemed invincible.

The market, in my view, has already gone too far: not indeed as an economic system, but as a cast of thought governing relationships and the image we have of ourselves. A great rabbi once taught this lesson to a successful but unhappy businessman. He took him to the window and asked him, What do you see? The man replied, I see the world. He then took him to a mirror and asked, What do you see? He replied, I see myself. That, said the rabbi, is what happens when silver covers glass. Instead of seeing the world you see only yourself. The idea that human happiness can be exhaustively accounted for in terms of things we can buy, exchange, and replace is one of the great corrosive acids that eat away the foundations on which society rests; and by the time we have discovered this, it is already too late.

The market does not survive by market forces alone. It depends on respect for
institutions, which are themselves expressions of our reverence for the human individual as the image and likeness of God


--Jonathan Sacks, "Markets and Morals"

Pilgrims and Tourists

"For the market is not only an institution of exchange. It is also a highly anti-traditional force, at least in advanced consumer societies. The stimulation of demand, for example, depends on a culture, even a cult, of the new, the product that improves on the past and renders it obsolete in an increasingly short space of time. It encourages a view of human life itself as a series of consumer choices rather than as a set of inherited ways of doing things.

One of the most fateful developments is the displacement of human identity. Our identity used to be something given by the history into which we are born. Now we conceive of it as something like a suit of clothes we can choose, wear for a while, and then discard in favor of the new season’s fashion-the move graphically illustrated by our change of terminology from “life” to “lifestyle,” with its suggestion that there is nothing of substance that defines who we are. In the process, religion itself is transformed from salvation to a branch of the leisure industry, and we are transformed, as one writer put it, “from pilgrim to tourist
.”

--Rabbi Jonathan Sacks, Chief Rabbi of the United Hebrew Congregations of the British Commonwealth.
http://www.chiefrabbi.org/speeches/morals.htm

Interesting that both Rabbi Sacks, a Jew, and Eugene Peterson, a Christian, should both be concerned that we are no longer pilgrims but tourists.

Make me more than just a Christian in my heart, in my heart;
Lord I want to be a pilgrim on the Way.
By the Way, In the Way,
Lord I want to be your pilgrim on the Way.

Lord I want to be a Christian, be your child, be your child
Lord I want to be a Christian: be your child.
In my heart, in my soul,
in my mind and body, Lord
be your child.

Lord please to give me your truth, in my mind, in my mind
Lord I want to have your truth in my mind.


Lord please give to me your goodness in my heart, in my heart,
Lord I want to have your goodness in my heart.

Lord please give to me your beauty in my soul, in my soul
Lord I want to have your beauty in my soul.

Lord please give my body strength,
give me strength give me strength
Lord please give my body strength to do your will.

Make me more than just a Christian in my heart, in my heart;
Lord I want to be your pilgrim on the Way.
By your Way, In your Way,
Lord I want to be your pilgrim on the Way.

(repeat, second time singing in first person plural)