Part II of The Season of Our Disconnect (PART I)
The haul from Hempstead Harbor was so big the first week it had reopened after being closed for more than 40 years of remediation that the axle on my friend Jimmy’s truck was bending slightly at the end of each day. He said the mood of the other diggers on the water was ebullient. Their boats were tightly locked together, with guys shouting to one another in celebration; it was a strange scene for men who typically toil in solitude to put food on their table by harvesting the ocean floor for food to put on our tables.
I caught up with Jimmy at the end of the first week, and he said, although he was physically exhausted, he wouldn’t trade the week for anything. According to him, the only disappointment was the complaints registered by local residents on the hill overlooking the water who were unhappy to discover their formerly too-toxic-to-fish harbor suddenly filled with small commercial vessels.
It seems the boats’ presence was less of an environmental and commercial triumph and more of a case of urban blight. Jimmy shrugged it off but his words stuck with me. He characterized the irate citizens’ reaction as both funny and sad, saying, “It’s amazing how people with millions of dollars are complaining about watching me scrape hundreds of dollars from the ocean floor.” Though nothing came of their complaints, it is another example highlighting our Season of Disconnect when class warfare seems to be erupting in every corner of our nation.
While politicians argue about the debt ceiling and preserving tax cuts, the big, slogging, hairy middle-class squeeze continues. Across the country people are either accepting the “new normal” or, worse, turning their pitchforks and torches on one another instead of storming the castle. Somehow we’ve lost sight of what brought us here and who is to blame for all of this—and there are some very real people and institutions to condemn.
Those who dare to protect “entitlements” are vilified by the free market despots in this nation who have taken hold of the seminal piece of misinformation that has infiltrated every meaningful discussion regarding the economy: that government is somehow corrupting the markets by attempting to inject any level of consumer protection into the financial system. Rays of common sense such as Vermont Sen. Bernie Sanders’ impassioned plea to restore sanity to the markets and protect America’s working class shone brightly for a moment only to be snuffed by the likes of Michele Bachmann and her quixotic presidential campaign kickoff.
This is a woman who mistakenly believed discussions about pegging global markets to Chinese currency instead of the dollar meant that the Treasury was actually contemplating using Yuan as America’s official money. Beyond the usual mash-up of libertarian, conservative, objectivism ideals that comprise the Tea Party, Bachmann (of course) believes that climate change is a hoax, that anyone who supports healthcare is unpatriotic, and that the best way to protect Americans and the U.S. economy is to dismantle the agencies designed to protect Americans and the U.S. economy.
It’s this last point that is so troubling because it’s what people like Bachmann are gaining traction with. Even the former Fed Chairman Alan Greenspan, the most famous and powerful disciple of free market guru Ayn Rand, testified before Congress that his extreme laissez faire policy and “markets-will-cure-all” attitude were devastatingly wrong because they fail to recognize the most natural fundamental force that comprises the capitalist economy: Greed. Don’t get me wrong. Greed is indeed an important component of capitalism as it is simply another name for competition. But it cannot go unchecked, as it will feed on itself and everything around it when unfettered by logical behavioral constraints.
To put it bluntly, Alan Greenspan was wrong and admitted as much. So were Treasury Secretary Robert Rubin, Senate Banking Committee Chairman Phil Gramm, Securities and Exchange Commission Chairman Arthur Levitt and Treasury Secretary and White House economic advisor Larry Summers. So too were the men they served who facilitated their beliefs. Presidents Reagan, H.W. Bush, Clinton, W. Bush and now, Barack Obama, all of whom surrounded themselves with these free market hucksters and relied on the dearth of financial wherewithal in Congress while counting on the masses’ inability to understand the destructive potential of unregulated markets.
The only thing that is honest and true about Ayn Rand and her theory of objectivism is that they’re both dead. Ayn Rand was a wonderful writer. But in terms of her being considered a prophet of sorts, Rand’s theory of objectivism (a fancy word for “that which screws the masses”) is the Scientology of economic theory. And yet, one of history’s silliest figures is now gathering momentum with copies of Atlas Shrugged flying off Amazon’s virtual shelves and middle America wondering aloud, “Who is John Galt?!”
Forget John Galt. We need to start asking the question, “Who are we?” America is stuck in the largest identity crisis we have faced since the Civil War. The unmitigated and unwarranted assault on the middle class, the working poor and, yes, the poverty-stricken in this nation, must end. We begin by restoring authority to the regulatory agencies in our nation instead of simply requiring more bureaucratic paperwork for businesses already playing by the rules. Business owners know the difference between prudent regulation and the appearance of it.
On a level playing field it’s possible to get ahead while looking down on everyone else. It might even change the perspective of a person jaded enough to be offended by the view of men scraping shellfish from the ocean, no matter how far up the hill they live.