GREED - and its crafty sibling, speculation - are the designated culprits for the financial crisis. But another, much admired, habit of mind should get its share of the blame: the delusional optimism of mainstream, all-American, positive thinking.Wait, what did you say?
The tomes in airport bookstores' business sections warn against "negativity" and advise the reader to be at all times upbeat, optimistic, brimming with confidence. It's a message companies relentlessly reinforced - treating their white-collar employees to manic motivational speakers and revival-like motivational events, while sending the top guys off to exotic locales to get pumped by the likes of Tony Robbins and other success gurus. Those who failed to get with the program would be subjected to personal "coaching" or shown the door. The once-sober finance industry was not immune.I think my dick is hard. MEGAN: It's too early for me to comment on your erections, so I'll simply say that I love that she's basically like, everyone on Wall Street was a delusional asshole! SPENCER: Oh but it runs so much deeper than that. The locus for the crisis is within the soul of America. You see, you did this, in a sense: you fell for a comforting delusion, you weak-willed sucker, and you let yourself be exploited — she's saying this in the fucking New York Times! — and now look at yourself. MEGAN: God doesn't really love you! The universe will never be stacked in your favor! SPENCER: She goes sooooo far in this direction. By the end of the piece she finds it in her heart to praise the Puritans
Americans did not start out as deluded optimists. The original ethos, at least of white Protestant settlers and their descendants, was a grim Calvinism that offered wealth only through hard work and savings, and even then made no promises at all. You might work hard and still fail; you certainly wouldn't get anywhere by adjusting your attitude or dreamily "visualizing" success.MEGAN: If I remember correct, success was actually the only sign that God didn't actually hate you and you might not be going to hell after all. SPENCER: Here, some would object that Ehrenreich has now hit the bedrock of absurdity. But FUCK THAT. If ever there was a time for some overcorrective excess, it has to be when Henry Paulson pulls a $700 billion figure out of thin air and says the part of his plan that reads "no oversight" really indicates that he "wants oversight." MEGAN: Which is very 1984 of him. SPENCER: I think I scrawled this op-ed in Sharpie on my desk at homeroom. MEGAN: I skipped homeroom for 3 or 4 years in high school. And I never got caught, because I was too "good" to be doing that. SPENCER: I got suspended. My mom had to take a day off from work and hear from a guidance counselor how I was at risk of joining a cult. But look at me now, asshole. MEGAN: Yeah, here I am 15 years later and I am still chronically tardy. But at least I don't give a shit about motivational speakers, so I'm not completely deluded. SPENCER: What to make of Ehrenreich's final graf?
When it comes to how we think, "negative" is not the only alternative to "positive." As the case histories of depressives show, consistent pessimism can be just as baseless and deluded as its opposite. The alternative to both is realism - seeing the risks, having the courage to bear bad news and being prepared for famine as well as plenty. We ought to give it a try.This is clearly a cop-out. She spent the previous 700 words arguing that pessimism is realism. I'll bet her editor put this in there, they fought about it for hours, and then she decided that she didn't actually care because God doesn't care. MEGAN: Well, realism is pessimism to non-pessimists. Pessimists think nihilism is pessimism. SPENCER: Meanwhile nihilists are beyond such concepts, much as they are beyond your lying, timid morality. MEGAN: Well, I'm guessing she's no big fan of the Hope campaign. SPENCER: HAHAHAHAHA yeah Ehrenreich totally isn't voting for Obama. Not that it appears he needs her anymore.
Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain, according to the latest Washington Post-ABC News national poll.MEGAN: I think the country is no longer filled with optimists anyway:
Just 9 percent of those surveyed rated the economy as good or excellent, the first time that number has been in single digits since the days just before the 1992 election. Just 14 percent said the country is heading in the right direction, equaling the record low on that question in polls dating back to 1973.SPENCER: Next up: America rejects God. Storm heaven; and unleash hell!