Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Monday, December 8, 2014

Economics and spiritual calling

(This is a kind of part 2 to my last post...)

As I said in my previous post, we live in an age of stagnant wages and widening economic inequality, and more and more intelligent people are starting to point out that this isn't some kind of technical glitch in the global capitalist system, but it is rather this way by design. The old "rich get richer/poor get poorer" line is what makes this whole thing tick. Or to use Thomas Piketty's recent formula: r > g. Return on revenue (r) will always outpace economic growth (g) in the current system, or at least that's how it's worked in the past few hundred years of the current system.

So the middle class in the US today is getting pinched harder than ever. People have to work harder and harder just to get by. A pretty standard middle class lifestyle is now incredibly difficult to finance. Professional clergy have traditionally been members of the middle class.

We've been hearing in recent years that "bi-vocational ministry" is going to be the wave of the future, and my denomination says they want to plant a crazy high number of churches in coming years, so we've got the church planting bug. Not that that's a bad thing, but...

Friday, August 8, 2014

Sexist Economics 101

From Toledo, IA
Emerging economics scholar, Kate Bahn, points out...
Early (US) census takers at the turn of the twentieth century were instructed not to consider women as employed if they were not earning at least a majority of the family’s income. Men were not subject to the same strict definition of employment. Because a lot of the work women did to earn money was done within their homes, it was not considered actual work unless it brought in money above a certain threshold.
(Source: How Gender Changes Piketty's Capital in the Twenty-First Century, The Nation)

The word "economy" comes from the Greek word oikos, which can be translated as "household." In the ancient world, the household was more than the nuclear family, it was the site of economic production.

This is blatant evidence that modern conceptions of economics/economy are incredibly limited and therefore limiting in any number of ways. In this case, women's work in the home wasn't counted as "real" or "worth it."

I've argued somewhat recently that Wendell Berry's work on economy is far more fruitful and equitable...

(H/T Ric Hudgens - @rdhudgens)

Thursday, May 29, 2014

The bi-vocational blues

From Toledo, IA
Yep; we have that much | (c) Jeff Parker/Cagel Cartoons
Student loan debt has been a hot topic of conversation lately, at least in my social media circles. It's always a hot topic for my wife and I because, well, we have a ton of it. Like three-masters-degrees-at-a-private-university-all-subsidized-by-student-loans worth of it.

Six years ago, when we first told my family that we were moving to Virginia for grad school, they were not impressed. My brother kind of angrily told me that I was being irresponsible with my family's financial wellbeing. At the time I thought, "No I'm not!," but there are plenty of days this side of the transaction that I wonder...

Debt certainly has set constraints around my call to the ministry, particularly in my rural context. The number of Church of the Brethren congregations in my district that could afford to employ a pastor full-time are very few. So when we moved back to rural Iowa, it just so happened that my not feeling a particularly strong calling to pastoral ministry worked in my family's economic favor. Even if I'd wanted to be a full-time pastor, I likely couldn't do it around here; so I kept my technology job for Eastern Mennonite University, an arrangement that looks to continue for the foreseeable future.


Tuesday, January 7, 2014

"I owe you..."

From Toledo, IA
(Photo by Nils Geylen via Flickr)
I've had debt on the brain lately. Our only car died last week and we had to rush out and get another, financed by a loan. We just signed papers yesterday for a home loan to finance some renovations on our old house. I look regularly at our outstanding student loans from grad school, which we've been paying on for just over a year, and will be for years and years to come.

Everywhere I look, financial debt constitutes a great bit of what we have to worry about in conducting the "business" of our household. We always attempt to be wise with our use of debt; we've never gotten in over our head, we've always been able to make payments on time, even paying a number of loans off early and aggressively. My wife and I both have jobs that pay, relative to the local economy, pretty well. Lenders in the past year have commented that our credit score is quite good; it is therefore quite easy for us to obtain loans.

That it is so easy is not simply a testament to the fact that we've played by the rules, though we indeed have. But as this provocative essay by Pamela Brown argues, the rules are surreptitiously geared to privilege well-off white folks like me. Lending and tax laws have changed over the past few decades, and combined with other socioeconomic and political shifts, consumer debt (credit card and mortgage, primarily) has disproportionately and negatively affected non-whites, particularly African Americans. Sub-prime mortgages, for instance, have not only affected poor blacks but also those solidly in the middle and upper-middle class. The impact of this racially-defined collective loss of wealth could take, by one estimate cited in the essay, take two generations to recover.

Similar to the New Jim Crow, then, a kind of "debtor's prison" has enclosed a large portion of the African American populace in the U.S., under a system that is purportedly "colorblind." That notion of colorblindness is, however, a smokescreen.


Wednesday, October 2, 2013

Small town vitality: No community without economy

From Toledo, IA
Uptown Toledo, Iowa - "Remembering our past, looking toward the future..."
Evangelical blogger, Jake Meador, had a piece put up on Christianity Today just over a month ago that I had been meaning to read:

Why We Need Small Towns

Having just moved to a small town last fall, the title caught my eye, and being somewhat familiar with Meador's postings, I wasn't surprised to see him talk positively about Wendell Berry, who has been an inspiration to us both. Indeed, Berry's work has helped inspire me to persevere through what has been a hard transition back into small town life, after leaving my own small hometown 15 years ago.

It was all college towns and suburbs in those intervening years, and it's been this difficult transition back that prompts me to wonder about the title. Need? We need small towns? What, precisely, is here that's needed elsewhere? - In what follows (and it's a lot) I don't so much respond to Meador directly, as much as I reflect on my own small town context and current struggles with it, in light of his little piece on small towns...

Wednesday, October 31, 2012

Voting: Ritual or Responsibility? - A response

[Note: The following text was presented at an on-campus event at EMU today, "Voting: Ritual or Responsibility?" I was one of three main presenters, along with EMU professors, Ted Grimsrud and Jayne Seminare Docherty. Ted and I have had significant conversations over the past weeks, online and at the pub, and Jayne is one of my former professors at the Center for Justice & Peacebuilding/CJP. The discussion was facilitated by Jonathan Swartz and Matthew Bucher, both dual-degree students like I was, in the Seminary and CJP. Thanks to everyone involved at the event, and I welcome more conversation below in the comments! - Also, check out Ted's three posts on this topic, where I also have some comments posted.]

In a 1977 article in Sojourner’s, John Howard Yoder had this to say about the then-current context: “American political culture, a comparatively solid crust of common language and rules of thumb, floats on a moving magma of unresolved debate between two contradictory views of what the state is about.” In this article, entitled “The National Ritual: Biblical realism and the elections,” Yoder goes on to argue that we shouldn’t get ourselves too worked up about this system, or take it too seriously. But nonetheless this weak system is one that we can and perhaps should participate in.  I quote:
[Voting] is one way, one of the weaker and vaguer ways, to speak truth to power. We may do well to support this channel with our low-key participation, since a regime where it functions is a lesser evil…than one where it does not, but our discharge of this civil duty will be more morally serious if we take it less seriously.
This position of Yoder’s I take to be the basic position taken by Ted in his arguments, both here and on his blog. And I’m sympathetic to both, and don’t necessarily disagree. But I want to sound a few cautions.

I’ll start with a quote by Yoder’s one-time colleague at Notre Dame, Alasdair MacIntyre, who made these comments in the run-up to the 2004 presidential election. I quote:
When offered a choice between two politically intolerable alternatives, it is important to choose neither. And when that choice is presented in rival arguments and debates that exclude from public consideration any other set of possibilities, it becomes a duty to withdraw from those arguments and debates, so as to resist the imposition of this false choice by those who have arrogated to themselves the power of framing the alternatives.

Tuesday, September 25, 2012

The iPhone as cultural pornography

One fruit to rule them all?
The iPhone 5 release event in NYC; photo by thomasebunton/Flickr
Sometimes it couldn't be more blatant. My favorite nerd site, Ars Technica, ran two stories yesterday separated by a mere 17 minutes. Here they are in the order I saw them in my Twitter feed:
  1. iPhone 5 sales top 5 million during launch weekend (9/24, 9:17am)
  2. Foxconn worker riot closes factory (9/24, 9:00 am)
Line from the first story:
"Demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible," Apple CEO Tim Cook said in a statement.
Awesome, how are they going to do that? Well...the second story has some clues:
TUAW speculates that the riots (at Foxconn) were in no small part caused by the recent long iPhone 5 production ramp-up; Engadget links to a (non-English) report discussing "practically compulsory" overtime related to iPhone 5 production.

Tuesday, August 14, 2012

Economics and anarchy

From Harrisonburg, VA 22802, USA
(Photo by Nils Geylen via Flickr)
As of yesterday I am able to say for the first time in my life that I have read the entire Old Testament of the Bible. For some reason this continues to strike me as odd given that I spent four years in seminary, but that's not the focus of this post.

1

My reason for mentioning this is that, at least the way the Christian canon is arranged, the last 17 books of the OT are prophetic literature. Which means that's where my biblical head's been buried for a while, and it's affected my imagination (as it should).

The prophetic books cover the last few hundred years of two-kingdom monarchy in biblical Israel, a project that was - by many prophets' own accounts - a calamitous failure. The divine negative judgment was often focused on the kings and economic and religious elites of the nations, and their collective idolatry and unfaithfulness. Such idolatry was often constituted by gross injustice exercised on the marginalized in society - the widow, the orphan, and the alien. Such injustices were violations of God's covenant laws.

Nearly two years ago I griped about about a NY Times piece by Paul Krugman, who was asserting that economics is somehow amoral. This struck me as deeply wrong, and my response then was "Economics is ALWAYS a morality play." After two more years of reading lots of political theology and philosophy, that sense has only deepened. It's only the dichotomous, fragmented kind of Enlightenment thinking that makes it possible to imagine that economics doesn't somehow assume, exude, and "educate" a certain kind of morality.

Tuesday, November 22, 2011

The ROI of RJ: Rehumanization

From Eastern Mennonite University, 1200 Park Rd, Harrisonburg, VA 22802, USA
Photo by Jeff Frost via Flickr
In an impassioned op-ed piece over at NationofChange, Christopher Petrella paints a troubling picture of the state of corrections in the United States and the paths which brought us here. Particularly troubling is what Petrella calls "the circuitous pathways between race, citizenship, containment, and profitability."

Not only is the phenomenon of for-profit prisons becoming more common, in the midst of state budget crises across the nation, California is even suggesting that inmates pay for the services of the correctional facilities to which they're being sent. How inmates from predominantly impoverished backgrounds would actually be able to pay for those services (they couldn't) is part of the scheme. Even after leaving facilities, ex-offenders would then be financially indebted to the facilities, effectively shifting their "incarceration" to another form, economic. As Petrella point out, these people cease to be "criminals" in the eyes of the system and now become "consumers."

But it doesn't have to be this way. One of the most important aspects of restorative justice is its emphasis on rehumanization of all involved in instances of wrongdoing, criminal or otherwise. A privatized corrections system assumes an anthropology of literally captive consumers (structured economic individualism), whereas restorative justice assumes an anthropology of relationship and responsibility amidst community. Restorative approaches seek to heal the personal and social wounds done in instances of wrongdoing, whereas a privatized corrections approach seeks to extract capital to buoy the ailing state. Therefore, restorative justice  entails an implicit critique of systems such as privatized corrections but also the assumptions that underwrite such approaches at levels social, political, and economic.

So to use capitalist jargon, the "return on investment" of restorative justice is a return to pre-modern understandings of justice, rooted in embodied, accountable relational networks rather than abstract ideals and institutions. Such a return is well worth the investment.

Monday, September 26, 2011

Enclosed and commoditized on the Open Graph

Mark Zuckerberg evangelizing for the Graph
Last week, I was having flashbacks to the late 90s. When I first entered the software development field in 1999, Microsoft was the "evil empire," the "800 pound gorilla" that everyone (myself included) loved to hate. Yet that loathing was rather paradoxical in that everyone around me was neck-deep in Microsoft products. At this particular job, an e-commerce company, our company's very existence depended on Microsoft!

In those halcyon days before social media and dot-com bubbles bursting, nerd culture was still marginal. Most of my friends had only just learned what e-mail and web browsers even were, much less how to use them. Those days are long gone. The web is ubiquitous and Grandma's on Facebook.

With nerd culture now mainstreamed and Facebook being the latest champion of that process, the company seems to serve the same purpose that Microsoft once did for me and my nerd buddies: People just love to bash Facebook.

Tuesday, April 19, 2011

God's economy: Consumed by Christ

From Eastern Mennonite University, 1200 Park Rd, Harrisonburg, VA 22802, USA
Mo' money, mo' problems
Way back in late September of last year, early in the fall semester, I read a short op-ed piece in The New York Times that has stuck with me like a pesky grain of sand in my eye. The piece is called Economics Is not a Morality Play and was written by liberal economist and Nobel Prize winner, Paul Krugman, appearing on his NYT blog, "The Conscience of a Liberal". The title of the post itself was enough to catch my attention and a few choice quotes from the piece helped form my rebuttal in a blog post called Economics is ALWAYS a morality play. My counterpoint took the shape of telling the story from Acts 16, in which a Philippian slave girl possessed with a spirit enabling her to see the future - making her owners a lot of money - begins annoying Paul and Silas. After a few days, Paul gets sick of this and casts the unclean spirit out of the girl, thus making her far less lucrative to her owners. The owners get irked and got the the two missionaries flogged and thrown in prison at the hands of the authorities.

Granted, the economic systems of the first century Roman empire and that of the contemporary U.S. are quite different, as are the slavery systems of the ancient world and what most Americans think of when they hear "slavery" (the terrible 19th century American kind), but my instinct from last fall remains intact, that economics is always moral. It is also always theological in a sense, or as William Cavanaugh puts it in Being Consumed: Economics and Christian Desire, "There is an implicit anthropology and an implicit theology in every economics." That Krugman asserts our "market economy is a system for organizing activity...with no special moral significance" simply won't hold up to the scrutiny of a theopolitical critique such as the one Cavanaugh conducts in Being Consumed. In fact, this little book of Cavanaugh's had been on my list for a few months already when I saw Krugman's piece, and it only strengthened my resolve to read it, but it took me another six months to actually find the space in which to fit it and justify it as being for a class. Oh, and I had to wait for my mother-in-law to give it as a gift for my birthday! (Thanks, Becky!)

Economics is an important topic in any age but might be especially important now in light of globalization and the recent global economic crisis. There is much a neo-Anabaptist and theopolitical Catholic reading of current economic systems and trends can do to help us see more clearly and engage more faithfully as Christians amidst the economic systems in which we're embedded. Cavanaugh's own goal for Christians is worth stating here, for we are to "discern and create economic practices, spaces, and transactions that are truly free... concrete alternative practices that open up a different kind of economic space - the space marked by the body of Christ" (viii). The economy of God will indeed have special moral significance!

Tuesday, April 5, 2011

Not a game I'd like to play

From Eastern Mennonite University, 1200 Park Rd, Harrisonburg, VA 22802, USA
For a class assignment this week at CJP, we were to watch a 4-part video series on game theory. I'll tip my hand by saying this is not a theory I'm inclined to jump on board with, but it's had some interesting consequences in its history, not all of which are bad. Check out the videos and then after the break I have some commentary...

Game Theory - Parts 1-4
(I'd embed them here, but they're not embeddable.)


Tuesday, September 28, 2010

Economics is ALWAYS a morality play

From Eastern Mennonite University, Harrisonburg, VA 22802, USA
Whose image is on this? (Mt. 22)
Let me preface this post with a few things:

  • I am not an economist. For better or worse, I dropped out of the one economics class I took in my undergrad because 1) I changed my major (from journalism to English) and didn't need it anymore and 2) the teacher was terrible.
  • I don't know who Paul Krugman is other than what the page whose link I'm about to post tells me. He's a self-described liberal, has a blog on the NY Times site (a column in the paper too?), and writes about economics.
  • My reflections will not be coming from the field of academic study categorized as "Economics" with its various competing theories that are then put into practice in the world.
Now on with the post! In Paul Krugman's NY Times blog, "The Conscience of a Liberal," he posted something whose mere title gave me pause: Economics Is Not A Morality Play. In this short piece, he makes a few subsequent statements that also make me scratch my head. Namely these:
  • "(E)conomics is not a morality play. It’s not a happy story in which virtue is rewarded and vice punished. The market economy is a system for organizing activity — a pretty good system most of the time, though not always — with no special moral significance." (emphasis in original)
  • On our current economic situation, demanding what he describes as "depression economics": "This is a situation in which virtue becomes vice and prudence is folly; what we need above all is for someone to spend more, even if the spending isn’t particularly wise."
  • "(I)t would have been much better if the Depression had been ended with massive spending on useful things, on roads and railroads and schools and parks. But the political consensus for spending on a sufficient scale never materialized; we needed Hitler and Hirohito instead."
Read on after the break for more on why I'm scratching my head...