[The] tremendous and still accelerating development of science and technology has not been accompanied by an equal development in social, economic, and political patterns...We are now...only beginning to explore the potentialities which it offers for developments in our culture outside technology, particularly in the social, political and economic fields. It is safe to predict that...such social inventions as modern-type Capitalism, Fascism, and Communism will be regarded as primitive experiments directed toward the adjustment of modern society to modern methods
A moral economy is either a moral enterprise that is guided by a genuine spiritual desire to create one, even at the expense of strictly economic considerations, or it will degenerate into another profit-oriented and exploitative use of resources. Citizens who are not prepared to pay higher prices to support such an economy and volunteer their own efforts on its behalf are not likely to be prepared for self-governance in any form. Hence the need for a new municipal politics to become an intensely educational and participatory experience at every level of civic life.
But a progressive policy needs more than just a bigger break with the economic and moral assumptions of the past 30 years. It needs a return to the conviction that economic growth and the affluence it brings is a means and not an end. The end is what it does to the lives, life-chances and hopes of people. Look at London. Of course it matters to all of us that London's economy flourishes. But the test of the enormous wealth generated in patches of the capital is not that it contributed 20%-30% to Britain's GDP but how it affects the lives of the millions who live and work there. What kind of lives are available to them? Can they afford to live there? If they can't, it is not compensation that London is also a paradise for the ultra-rich. Can they get decently paid jobs or jobs at all? If they can't, don't brag about all those Michelin-starred restaurants and their self-dramatising chefs. Or schooling for children? Inadequate schools are not offset by the fact that London universities could field a football team of Nobel prize winners.
There are days when I would gladly hit “Return” and please refund my debt to Sallie Mae to stop those impossible bills from coming, but it is not for the fact that I believe I’ve been cheated. I, like most millennials, am disillusioned with the net return of academia, but I have not been cheated by education. I have been cheated by a corrupt system, and it is education that has taught me the difference. If I could say education had a product, I would like to say it is abundance. But if education had a product, it would be an empty box. And if successful education had a product, it would be the match ignited which set that box on fire and set the mind upon which every essay on “knowledge” ever written in history was cast into the fire to burn.
I, like most millennials, am disillusioned with the net return of academia, but I have not been cheated by education. I have been cheated by a corrupt system, and it is education that has taught me the difference.