How Love of Money Replaced Love of Nation & Spirit
Patriotism & religion are luxuries. When you can’t pay the rent or feed your family, when you’re pestered by bill collectors, it’s hard to think of anything other than money…
America is experiencing a crisis. How did we get here?
Ralph Waldo Emerson noted that “we become what we think about all day long.” It’s as true of nations as it is of individuals.
As recently as 25 years ago, most of us valued patriotism and religion first and foremost, 70 and 62 percent respectively. Today only 38 percent of Americans cite patriotism as a core value and religion has collapsed to 39 percent.
According to a new Wall Street Journal poll (that they’ve been compiling since 1998), what’s replaced love of nation and spirit, tragically, is the desire for money.
It shouldn’t surprise us. Patriotism and religion are essentially luxuries. When you can’t pay the rent or feed your family, when you’re pestered daily by bill collectors and can’t afford your medications, it’s hard to think of anything other than money.
Every decade since 1980, the Reagan Revolution has bit deeper and deeper into the lives of average working people, throwing at least 15 percent of Americans out of the middle class and into poverty while increasing economic insecurity for everybody except the morbidly rich, who have taken $50 trillion from the working class since 1980 to further fill their bulging money bins.
Reagan (and Republican presidents since) gutted aid to education, so student debt — which pretty much didn’t even exist when he came into office in 1981 — is a towering $1.8 trillion, trapping millions of young people in a lifetime of servitude to the banks.
Reagan (and Republican governors since) fought government aid programs and stopped enforcing our antitrust laws so the pharma, insurance, and hospital sectors became essentially monopolies, draining cash from working people while making industry executives into billionaires. Medical debt is now a crisis for working class people on par with student debt.
But the Reagan Revolution didn’t just reorder our economy, according to the Journal’s survey. It reset our values away from loving our nation and each other and toward loving — and needing — money. Almost half of Americans put money at the top of their pyramid of values today, as opposed to fewer than a third almost three decades ago.
Michael Douglas summarized the mantra of the Reagan Revolution in his 1987 movie Wall Street: “Greed is good!”
And greed, of course, is satisfied by jumping into the corporate marketplace, not by getting a job in government service. As Reagan told us in his first inaugural, government was not the solution to our problems, but instead was the problem itself.
He ridiculed the formerly noble idea of service to one’s country and joked that there are really no good people left in government because if they were smart or competent they’d be working in the private sector for a lot more money.
He told us that the nine most frightening words in the English language were, “I’m from the government, and I’m here to help.”
Throughout the 1970s and 1980s, billionaires associated with the Republicans built a massive infrastructure of think tanks and media outlets to promote and amplify this message.
It so completely altered the values system of America that by the 1990s even President Bill Clinton was saying things like, “The era of big government is over,” and “This is the end of welfare as we know it.”
The logical endpoint was electing a flashy gold-plated grifter billionaire as president: the obsession with wealth Reagan planted in the American psyche became a parody of itself with the Trump presidency.
It’s easy to glibly argue that people should just reject Reagan’s values and embrace patriotism and the compassionate and loving values of religion, but for most Americans today that’s now a luxury. Particularly in states run by Republicans.
Hustling for money has literally become a life-and-death issue for many of us. Life expectancy has collapsed in Red states, as you can see from this map, and even in Blue states debt is at record levels.
Finland, the nation ranked the happiest in the world for six years in a row (the latest rankings by the UN came out last week), gives its citizens the space necessary to explore the values Emerson and his Transcendentalists spoke of back in the day.
Both healthcare and education are essentially free there (students are actually paid to go to college). Housing and public transportation are subsidized. Three-quarters of all Finnish workers are represented by a union and thus earn a solid wage.
And they don’t have the problem of morbidly rich billionaires buying politicians and rigging the economy because 5 Republicans on their Supreme Court never legalized political bribery. As a result, the rich actually pay their taxes and that money is used to support the Finnish middle class.
Astonishingly, America stands almost alone among developed countries in having adopted Reagan’s value system (the UK was infected at the same time with Thatcherism, but at least they still have a national health service and affordable state colleges).
By the 1970s, we were on course to join the rest of the developed world when it came to providing a decent life to most working people. A third of workers had a union, and college was free or nearly free in most of America. Healthcare and insurance were affordable.
And then Richard Nixon, after stealing the 1968 election by sabotaging LBJ’s Vietnam peace negotiations, put Lewis Powell on the Supreme Court in 1972.
The year before, Powell had written his infamous “Powell Memo” to the US Chamber of Commerce, laying out a detailed plan for the morbidly rich to take over every aspect of American life and politics, including universities and the courts.
To speed the process along, he voted in 1976 to legalize political bribery by billionaires (Buckley v Valeo) and in 1978 he wrote the decision itself that recognized corporations as persons and gave them the supposed First Amendment right to pour cash down the throats of our politicians (First National Bank v Bellotti).
Thus, a wave of billionaire and corporate cash floated Reagan into the White House with the 1980 election, aided by his traitorous deal with the Ayatollah to hold the American hostages until the day he was sworn into office on January 20, 1981.
As I lay out in my new book, The Hidden History of Neoliberalism: How Reaganism Gutted America, this cancer of political control by the morbidly rich that Reagan engineered has devastated our nation.
Billionaires fund politicians and judges who’ll promote their value system of greed while cutting their taxes and pitting average Americans against each other, so we won’t see the real source of our crises.
If America is to regain our moral compass, to return to the values of patriotism, family, and spirit, we must root out the poison of money in our political system. To do that, we must elect officials like members of the Congressional Progressive Caucus who are not beholden to wealthy or corporate interests and refuse corporate PAC money.
Otherwise, the billionaire class will continue to grow while the collapse of the middle class continues apace, as billionaire-funded Republicans tell us who to fear and hate. And happiness, like other non-greed values, continues to escape us as a nation.
A better America is possible: it just requires we all get politically active. Tag, you’re it!
Politically active . Now in whatever way we can . We definitely need to show up to vote in every election . Just as important as presidential elections are local elections. Republicans cash in on local elections , which Democrats are just starting to see the importance of . And we learned the hard way . Look at De Santis in Florida making changes( arguably not his to make) but held up by white supremecists’ at the local levels.
And their numbers are increasing . We need to be vocal about things happening in our communities locally as well . Many people get more well informed w government at the local level. I know here in my city in NYS , Democrats are the majority but in the County Republicans rule. Its damn frustrating to see how hands are tied by these GOP politicians who loved Reagans ‘ non principles ‘ and still play with them today . Mean spirited as Reagan , Bush , Trump and now the Supreme Court has been engineered around these same non principles.
We must get to work .
The love of money has infected everything. I am remiss in giving publicity to another substack letter
by this scares the Bejesus out of me. Jamie Dimon, who along with Pete Peterson has been deadset on privatizing Social Security and Medicare is apparently being considered as Secretary of the Treasury when Janet Yellen leaves the office. I thought it was a betrayal when Obama had Geither as his Sec Treasury, Rahm Emanuel as his Chief of Staff, Larry Summers as his advisor, but Biden following suit and making Dimon sec of Treasury, I can only hope that his repuration goes in the toilet with Epstein and Trump. https://powercorridor.substack.com/p/moment-of-trump?utm_source=substack&utm_medium=email
"JPMorgan Chase’s chief executive Jamie Dimon achieved borderline action hero status as he raced the clock alongside U.S. Treasury Secretary Janet Yellen to shore up the foundering U.S. banking system.
This was meant (mostly) in jest, and I feel the need to point out that I should not need to point this out. Hyperbole, people.
Nonetheless, talk that Dimon may be asked by President Biden as early as this year to possibly succeed Yellen is getting a tiny bit louder, and is seen by some as a fitting retirement lap to his nearly two-decade-long reign as Wall Street’s top banker.
After Dimon gamely pitched in to help co-lead last month’s rescue operation, resulting in 11 banks joining forces to stabilize the financial system (a herculean effort that The New York Times breathlessly called the “Jamie and Janet show”), it does not strain the imagination to think he might be an appealing candidate for the job.
Yet Dimon’s hero halo is looking a little tarnished by fresh allegations that high-ranking executives at JPMorgan knew about – and made light of – the behavior of late child predator, convicted sex criminal, and financier Jeffrey Epstein, a client of the bank."