Tag Archives: David Brooks

The Nobody-But-Ourselves-to-Blame Trip

If Americans can’t retire in comfort and relative security, who’s at fault? Increasingly, we’re being conditioned to point the finger at ourselves. It’s a brilliantly underhanded way to keep us from questioning the downsizing of successful, collective programs like Social Security and Medicare.

Every so often, the mainstream media anoints a new public intellectual—the big thinker who explains it all to us in newspaper or Internet columns, bestselling books, or on the Sunday morning chat shows. Sometimes they’re genuinely quite smart and insightful (Paul Krugman, Malcolm Gladwell), sometimes otherwise (David Brooks, anybody?).

The hottest new public intellectual may be Evgeny Morozov, a not-yet-30 scholar who has published two well-received debunking books, The Net Delusion, about the notion that the Internet promotes democracy; and To Save Everything, Click Here: The Folly of Technological Solutionism, a broader-ranging attack on the belief that smart technologies and Big Data are the ultimate problem solvers.

Both books are needed antidotes to the grandiose claims being made for technology, and To Save Everything, in particular, is of vital importance to anyone concerned about the direction of public discourse on the looming retirement crisis in America. If you only have a few minutes, Continue reading The Nobody-But-Ourselves-to-Blame Trip

Why You Should Celebrate Social Security’s Birthday on Aug. 14

Social Security’s 77th birthday comes up on Tues., August 14. The Alliance for Retired American is planning events all over the country to celebrate (see details below!). As well it might – Social Security’s benefit checks keep 20 million people out of poverty every year and are helping to prop up consumer spending while the rest of us dig ourselves out of debt. Some people, however, would prefer you stayed home.

I recently spoke with a prominent, U.S.-based money manager for an unrelated project. First, he lambasted the Federal Reserve for keeping interest rates too low, “monetizing the debt,” and preventing a much needed dose of government austerity. Then he told me why Continue reading Why You Should Celebrate Social Security’s Birthday on Aug. 14

David Brooks Saves Us From Ourselves

Thank heavens we have the New York Times columnist to explain to us that it’s all our own fault.

In his most recent commentary, Brooks offers more wisdom on what he’s described elsewhere as the greatest moral problem of our time. Not poverty. Not racial or gender or class-based prejudice. Certainly not global warming. No, kids. It’s debt.

Back in the golden age, Americans shunned debt.

The thought of running up excessive debt filled them with moral horror. But over the past years, life has become secure. This has eroded the fear of debt, private and public.

Someone seems to have forgotten to tell Brooks that there’s a recession on. But let’s continue.

Continue reading David Brooks Saves Us From Ourselves