Da Ths Ke Nmks Essay

1013 words - 5 pages

cThe Opinion Pages|OP-ED COLUMNIST
Capitalism for the Masses
FEB. 20, 2014
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David Brooks
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When Arthur Brooks was 24, he was playing the French horn in a chamber music concert in Dijon, France. He noticed a beautiful woman smiling at him from the front row, so, after the recital, he made a beeline for her and introduced himself.
Within seven seconds he came to two realizations. First, he was going to marry this woman. Second, she didn’t speak a word of English, and he didn’t speak a word of Spanish or Catalan, ...view middle of the document...

That’s the greatest increase in human possibility in human history. The primary cause is globalized capitalism.
But now capitalism faces its greatest moral crisis since the Great Depression. The nature of that crisis can be captured in two statistics. When Facebook entered a deal to buy WhatsApp this week, it agreed to pay a price equal to $345 million per WhatsApp employee. Meanwhile, the share of the economic pie for the middle 60 percent of earners nationally has fallen from 53 percent to 45 percent since 1970.
This economy produces very valuable companies with very few employees. Meanwhile, the majority of workers are not seeing income gains commensurate with their productivity levels.
This puts a strain on the essential compact that you can earn your success. As Joel Kotkin has argued, the middle class is being proletarianized, and the uneducated class is being left behind.
To his great credit, Brooks is responding aggressively to this moral challenge, in a way that is providing a needed jolt to Republican circles. Over the last two days, for example, he had the Dalai Lama, a self-described Marxist, over at the American Enterprise Institute to discuss the morality of capitalism. Jonathan Haidt, of the Stern School of Business at New York University, challenged the mostly Republican audience to invent a new capitalist narrative, going beyond the simple demonization and celebration narratives.
Brooks recently published a daring piece in Commentary magazine on a conservative social justice agenda. It was called “Be Open-Handed Toward Your Brothers.”
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RECENT COMMENTS
George
4 days ago
Mr. Brooks isn't taking into account the consumer demand effect of the current "give the wealthy whatever they want b/c it has no effect on...
shunt
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Arthur...

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