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February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
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Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
April 3, 2008
/ 27 Adar II 5768
Economic crisis is of our own making
By
Rod Dreher
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http://www.JewishWorldReview.com |
The central conservative truth," said the late Sen. Daniel Patrick Moynihan, "is that it is culture, not politics, that determines the success of a society. The central liberal truth is that politics can change a culture and save it from itself."
The economic crisis now breaking upon us will be both a political and cultural event that may well be a turning point in our nation's history as consequential as the Great Depression. Which, by the way, is the historical standard to which some smart people like former Federal Reserve chairman Alan Greenspan are comparing this event.
When asked recently on National Public Radio why so many financial insiders are using such drastic rhetoric, Wall Street Journal economics editor David Wessel said the closer you are to the crisis, the more you understand just how "very frightening" it is.
The cultural roots of this crisis have to do with Americans' refusal to recognize natural limits. Americans have lost the ascetic virtue of self-discipline and have become impatient with the idea of constraints on their individual will. This is deeply rooted in American history and psychology, and both political parties base their appeals on their own particular version of liberty.
At no point, though, are the assumptions undergirding contemporary liberal and conservative notions of liberty seriously questioned. Our liberation from natural and traditional constraints can only continue in an atmosphere of steady, broad-based material progress, which, aside from the 1970s stagflation lull, we've experienced since World War II ended the Depression.
For nearly a generation, Americans have had the luxury to organize their political fights around cultural issues like abortion and gay rights because economics haven't been central to either politics or culture. And we have financed the illusion of sustainable progress through massive accumulation of debt, both personal and governmental. Prosperity masked decline; optimism occluded realism. As historian John Lukacs writes of the boom years in the current Chronicles, "The middle class habits (and virtues) of permanence, of saving, of passing their assets and values on to their children disappeared."
That now must change. The cost of our grand national experiment in living beyond our means is now coming due, and not just in the form of the housing crash. If the country indeed goes into a long, deep recession, forcing austerity and worse on the general public, the full social cost of casting aside traditional communal bonds and moral values the beliefs that enabled people to thrive during hard times will be painfully manifest. The psychological shock to the body politic will be sharp.
The credit crisis is not occurring in a vacuum. Consider:
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The entitlements catastrophe, in which Social Security and Medicare claims by aging baby boomers will threaten to consume the entire federal budget, is only a few years away.
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The price of oil, the natural resource upon which our entire consumer economy is based, is going to stay high and go even higher because the world faces demand from China, India and developing nations that outstrips supply.
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Climate change and population growth are going to cause the price of water and food to rise sharply.
These three factors alone seriously complicate the likelihood that we'll be able to dig ourselves out easily from under the avalanche of debt. Nobel laureate economist Joseph Stiglitz recently remarked that in the era of limits to come, all the world's people are going to have to get used to defining economic progress in ways other than production and consumption.
Yes, the political class's response to the crisis so far has been anemic. Yet we cannot blame our politicians for failing to lead us, because they are the products of a consumerist culture that does not take "no" for an answer. How many politicians of either party could hope to win office by telling voters we have a responsibility to delay short-term gratification for the long-term good of the country?
Here's the hope: Economic and related events will force a change in the culture toward sustainability and a revival in localism, personal asceticism and traditionalism. This, in turn, will produce a new, more responsible politics, one that keeps the excesses of a culture in material and social crisis from damaging the common good and public order.
Here's the fear: The cultural shift soon to occur will turn Hobbesian, producing a fearful, nationalistic, demagogic politics, and G-d knows what to follow.
We live in interesting times. And neither liberals nor conservatives are ready for what's next.
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
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Rod Dreher is assistant editorial page editor of the Dallas Morning News and author of "Crunchy Cons" (Crown Forum).
PREVIOUSLY
02/14/08: What child-men need is some tradition
02/05/08: A Republican victory this year could do more long-term damage to the party than a loss
01/22/08: Putting faith in Obama: Do GOPers tempted by him know what they're supporting?
11/20/07: We can't fix the world with The Care Bear Stare
10/17/07: Every father should read this book to his son
10/03/07: Not even our parks are safe … And I lay at least part of the blame on the cultural revolution and our obsession with the individual
08/22/07: The Decalogue, dangerous? Advice for a society that cringes at commandments
08/15/07: Playing the anti-science card
08/01/07: How the U.S. can avoid its own version of the fall of the Roman empire
07/24/07: Conservative author: Big business can be as dangerous a threat as big government
07/09/07: All quiet but the doleful pleas of a father who knows
06/28/07: When we let conspiracy theory masquerade as news, we fall prey to much more than deception
06/20/07: Stranded on Delta: They may love to fly, but it certainly doesn't show
06/13/07: When did conservatism start to mean never having to say you're sorry?
05/08/07: PBS darling gets abused by PC police
05/02/07: Impervious to beauty and deadened to depravity
04/20/07: What I know about being a loner
10/28/05: How the conservatives crumble
© 2007, The Dallas Morning News,
Distributed by Knight Ridder/Tribune Information Services.
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