Just a Little Bit More: Summary Version and Study Guide: The Culture of Excess and the Fate of the Common Good
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Just a Little Bit More - T. Carlos Anderson
Democracy
INTRODUCTION
I want to tell you a story about a god that has been around for a long time. This god lives in human hearts, and through the ages its spirit has inhabited various financial crises from the Dutch tulip panic of the seventeenth century to the US housing market bust of 2007–08. For the last one hundred and fifty years—what I call the long era—this god has promoted excess at the expense of the common good. Specifically, for the last thirty-five years a fundamentalist belief in the powers and ways of the market has pushed excess to new extremes. Excess isn’t solely found on Wall Street, excess has filtered its way into significant areas of American life.
This pamphlet will take you through the three short eras of excess that make up the long era: the Gilded Age (1870–1900), the Roaring Twenties, and the current era that began in 1980. The dominant culture of commerce, materialism, and consumerism will be detailed and described as a religion—ultimate concern. It’s been a good religion for the most part—feeding, clothing, sheltering, and employing millions while simultaneously lifting many from the grip of poverty. The religion has it limits, however, and when it goes too far, it breaks bad and the shared common good suffers. Economic inequalities previously unknown produce for many a lifestyle strained and agitated, with a greater occurrence of social problems.
Americans are told that in a free society of opportunity and liberty there will be winners and losers. Sure enough. But I contend that liberty and egalitarianism (a great American societal value to be explained in chapter 3) need not fight against one another. How can we live together, balancing freedoms and limits, for the good of society and for the betterment of the world?
What would it be like to live in a society where poverty is treated as an historical relic, like slavery is today? Keep reading. This summary version of Just a Little Bit More: The Culture of Excess and the Fate of the Common Good will inform your understanding of the past and challenge your view of the present and future. The questions at the end of the chapters are intended for personal use or group discussion. If you like the presentation of these issues, please consider reading the full version of Just a Little Bit More, which develops these themes with greater detail, illustration, and depth.
CHAPTER 1
ROCKEFELLER AND THE NEW PERMISSION
When John D. Rockefeller Sr. retired from Standard Oil in 1913, he had accumulated a fortune of $1 billion. His wealth stood apart from that of his Gilded Age peers Andrew Carnegie, Jay Gould, and J. P. Morgan. In the early part of the twentieth century, Rockefeller was the wealthiest person the world had ever known. Legend has it that around this time Rockefeller was asked the following question about wealth accumulation: How much is enough?
His reputed answer: "Just a little