Da Ths Ke Nmks Essay

981 Words May 8th, 2014 4 Pages
cThe Opinion Pages|OP-ED COLUMNIST
Capitalism for the Masses
FEB. 20, 2014
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David Brooks
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When Arthur Brooks was 24, he was playing the French horn in a chamber music concert in Dijon, France. He noticed a beautiful woman smiling at him from the front row, so, after the recital, he made a beeline for her and introduced himself.
Within seven seconds he came to two realizations. First, he was going to marry this woman. Second, she didn’t speak a word of English, and he didn’t speak a word of Spanish or Catalan, which were her languages.
When he got home, he
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Do they know that their work amounts to something?
He’s pointed out that the percentage of people in the world living on $1 a day has declined by 80 percent since 1970s, adjusting for inflation. That’s the greatest increase in human possibility in human history. The primary cause is globalized capitalism.
But now capitalism faces its greatest moral crisis since the Great Depression. The nature of that crisis can be captured in two statistics. When Facebook entered a deal to buy WhatsApp this week, it agreed to pay a price equal to $345 million per WhatsApp employee. Meanwhile, the share of the economic pie for the middle 60 percent of earners nationally has fallen from 53 percent to 45 percent since 1970.
This economy produces very valuable companies with very few employees. Meanwhile, the majority of workers are not seeing income gains commensurate with their productivity levels.
This puts a strain on the essential compact that you can earn your success. As Joel Kotkin has argued, the middle class is being proletarianized, and the uneducated class is being left behind.
To his great credit, Brooks is responding aggressively to this moral challenge, in a way that is providing a needed jolt to Republican circles. Over the last two days, for example, he had the Dalai Lama, a self-described Marxist, over at the American Enterprise Institute to discuss the morality of capitalism. Jonathan Haidt, of the Stern School of Business at New

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