Home » Posts tagged 'business'
Tag Archives: business
THE DECLINE OF VIRTUE
It is a great pity that the Latin language is now considered dead. Through its death, we have lost many of the Latin words, expressions, and maxims that provided us with great wisdom and poetry. Among these is the phrase, “Panem et circenses”, or, in English, “bread and circuses.”
Panem et circenses refers to a society that uses food and mindless entertainment to keep control of its people. Such a culture does not encourage deep thought, nor does it encourage any search for meaningful or consequential in life.
What an excellent way to describe modern society and the culture that it has produced. No longer does our culture celebrate those with intelligence, moral piety, or depth of character. Instead, society has chosen to celebrate exhibitionism and licentiousness as the height of moral fortitude.
And no other family has demonstrated this fact more than the Kardashian-Jenner family. And modern culture has seen fit to reward them handsomely for it! In 2016, Forbes Magazine listed the Kardashian-Jenner family as the highest earning reality TV Stars. As of 2017, Kendall Jenner had a net worth of approximately US$18 million, Kourtney Kardashian had an approximate net worth of US$35 million, Khloe Kardashian had a net worth of US$40 million, Kylie Jenner, only twenty-years-old, had a net worth of US$50 million, Kris Kenner had a net worth of US$60 million, and Kim Kardashian had a net worth of US$175 million (she made $45.5 million in 2016/2017 alone).
But it’s hardly fair to criticise them. They have merely capitalised on the desire many people have to live a life of glamour and luxury. The Kardashians have been able to make tens-of-millions-of-dollars through their various reality TV shows, various business ventures, modelling, product endorsements, clothing lines, and more.
Of course, all this is not to say that the Kardashian-Jenner family is blameless. Years ago, a family as egotistical, petty, and immoral (what is Kim Kardashian, after all, other than a glorified porn star?) as the Kardashian family would have been treated with absolute disdain.
Not today, though. Today, the Kardashians have been able to build their empire, and it is an empire, upon shameless exploitation, self-aggrandisement, and self-promotion. They are able to reach nearly a billion people through social media and have been frequent guests on television talk shows.
What the Kardashian-Jenner phenomenon reveals is just how shallow our society has become. People have come to treat supermodels, reality TV stars, and sport’s stars as though they are royalty. The problem with this is that it encourages people to do whatever they like for a little bit of attention.
What all this boils down to is a loss of virtue. We have replaced the old heroes, the ones who encouraged courage and chivalry, with new Gods that encourage self-centredness and licentiousness. Self-expression is no longer to be expressed through the sweat of one’s brow, the depth of his character, or the faculties of his reason. Instead, it can be gained, quite easily, by posting a selfie on Instagram or Facebook.
St. Augustine defined virtue as ‘ordo amoris’ (yet another beautiful Latin maxim), or ‘order of love.’ It was his belief that every object and entity was accorded the level of love and affection that was appropriate for it to receive.
What we have today is a society that has gotten that order wrong. When people no longer honour Kings, they worship movie stars, musicians, models, reality TV stars, prostitutes, scoundrels, and gangsters instead. As C.S. Lewis wrote: “We make men without chests and expect of them virtue and enterprise. We laugh at honour and are shocked to find traitors in our midst. We castrate and bid the geldings be fruitful.”
SCIENCE FICTION, OR SCIENCE REALITY
There can be little doubt that technology is going to transform our world in ways that will make it unrecognisable to us fifty years from now. Technology is going to transform our lives, our work, and our relationships in ways that we, in our mortal and limited wisdom, will prove unable to comprehend. What we consider science fiction today, we will consider reality tomorrow.
The most obvious clue has been the internet. This medium is, indeed has, changed the world in ways we cannot even begin to fathom. Virtually every home in the developed world has the internet. Most of us carry it around with us in the form of smartphones and tablets. It has revolutionised the way we learn, do business, commit crimes, and communicate with one another.
Then there’s television. The shows featured on mainstream television can be described, accurately, as formulaic, petty, cheap, and shallow. It’s news and current affairs programs provide little in the way of real or, for that matter, interesting information. Likewise, their fictional programming features staid and one-dimensional characters in cliché plots and scenarios.
By contrast, paid subscription services like Netflix and Hulu feature shows that appeal to a wide variety of temperaments and interests. By contrast, the shows on paid subscription services like Netflix and Hulu appeal to a wide variety of temperaments and interests. Their shows captivate the imagination by featuring intriguing plots, complex characters, inspired cinematography, beautiful set designs, and state-of-the-art special effects. Just take a look at some of the titles: Archer, Suits, Spartacus, Mindhunter, House of Cards, Rick and Morty, Game of Thrones, and so forth.
One night of watching mainstream television followed by a single night of watching a paid subscription service should be proof positive to anyone that television is slowly, but surely, fading away.
Finally, there is music. Digital music outlets like I-Tunes and Spotify has revolutionised the way in which listen (and, more sinisterly, steal) music. Where once our grandparents were limited to their vinyl record collection, today’s music lover has access to thousands of songs at his or her fingertips.
Allow me to reiterate what I said before: the high-tech world that pervaded the imaginations of storytellers and filmmakers will no longer be a fantasy, it will be a reality.
I, for one, can easily envision a world in which an omnipresent house computer reads our body temperature and regulates the climate in our home without us being consciously aware of it. I can envision a world where a computer-controlled kitchen cooks our food with little intervention us. I can envision a world of driverless cars, endless self-serve checkouts, and more.
The future will be digital. The challenge for the human race is to be able to embrace this change without losing our individual autonomy.
THE PROTESTANT WORK ETHIC
This is our weekly theological article.
If there is any philosophical or moral principle that can be credited with the prosperity of the Western capitalist societies it would have to be the Protestant work ethic. This ethic asserts that a person’s success in this life is a visible sign of their salvation in the next. As a result, the Protestant work ethic encourages hard work, self-reliance, literacy, diligence, frugality, and the reinvestment profits.
Prior to the Reformation, not much spiritual stock was placed on labour. The Roman Catholic Church placed more value on monastic prayer than on manual labour. Much would change when the German monk, Martin Luther (1483 – 1546), nailed his ninety-five theses on the door of the All Saint’s Church in Wittenberg. Luther railed against the Catholic Church’s sale of indulgences as a way of avoiding purgatorial punishment. Luther asserted faith over work believing that a person could be set right with God through faith alone. It was Luther’s opinion that an individual should remain in the vocation God had called them to and should work to earn an income, rather than the accumulation of wealth. This belief stood in stark contrast to the Catholic Church’s philosophy that relief from eternal torment came from Godly rewards for good works. By contrast, the second great Protestant, John Calvin (1509 – 1564), believed that faith and hard work were inextricably linked. Calvin’s theory came from his revolutionary idea of predestination, which asserted that only certain people were called into grace and salvation. It is from this that the Protestant work ethic is borne.
As a consequence, many Protestants worked hard to prove to themselves that they had been preselected for a seat in heaven. A result of this extreme predilection towards hard-work was an increase in economic prosperity.
The French sociologist, Emile Durkheim (1858 – 1917), believed that capitalism was built on a system that encouraged a strong work ethic and delayed gratification. Similarly, the German sociologist, Max Weber (1864 – 1920), argued in The Protestant Work Ethic and the Spirit of Capitalism (1905) that America’s success boiled down to the Protestant work ethic. It was asserted as the key idea that would encourage individuals to move up the social ladder and achieve economic independence. Weber noted that Protestants – particularly Calvinists, were largely responsible for early twentieth-century business success.
The Protest work ethic is credited with the United States’ economic and political rise in the 19th and 20th centuries. As the political scientist, Alexis de Tocqueville (1805 – 1859), wrote in Democracy in America (1835):
“I see the whole destiny of America contained in the first Puritan who landed on its shore. They will to their descendants the most appropriate habits, ideas, and mores to make a republic.”
A study in the American Journal of Economics and Sociology found that nations with a majority Protestant population enjoyed higher rates of employment. The economist, Horst Feldman, analysed data from eighty countries and found that countries with majority Protestant populations – America, the United Kingdom, Denmark, Sweden, and Norway – had employment rates six-percent higher than countries where other religious beliefs were practised. (Furthermore, the female employment rate in Protestant countries is eleven-percent higher). Feldman explained how the legacy of Protestantism led to increased prosperity:
“In the early days, Protestantism promoted the virtue of hard and diligent work among its adherents, who judged one another by conformity to this standard. Originally, an intense devotion to one’s work was meant to assure oneself that one was predestined for salvation. Although the belief in predestination did not last more than a generation or two after the Reformation, the ethic of work continued.”
The Protestant work ethic is one of those Christian ideas that have helped create Western capitalist democracies in all their glory. It is yet another example of the influence that Christianity has had on the modern world.
WHITE HOUSE REVEALS NEW TAX REFORM PLAN
President Trump unleashed a new plan for tax reform in a speech at the Indianapolis State Fairgrounds on Wednesday.
The plans are the product of discussions between White House Treasury Secretary, Steve Mnuchin, the House Ways and Means Chairman, Kevin Brady, the Senate Finance Chairman, Orrin Hatch, House Speaker, Paul Ryan, Senate Majority Leader, Mitch McConnell, and White House economic policy chief, Gary Cohn. Their purpose will be to strengthen the middle class, grow the economy, and engender economic recovery by broadening the tax base, closing loopholes, and fostering growth.
According to a press release by the Treasury Department, the reforms will mean that less of the earnings of middle-class families will be subject to Federal income tax, and will reduce the number of tax brackets from seven to three: 12%, 25%, and 35%. It will also increase child tax credits and repeal the death tax and alternative minimum tax.
For business, the reforms seek to reduce the corporate tax rate to 20% and limit the taxation imposed on small and family-based businesses operating as sole proprietorships and small businesses corporations to 25%.
The reforms have received support from both politicians and numerous free-market groups. The Republican Congressman from Wisconsin, Paul Ryan, said on Capitol Hill:
“This has been a long time coming. Instead of a source of pride, our tax code has become a constant source of frustration. It’s too big. It’s too complicated. It’s too expensive. Today, we are taking the next step to liberate America from our broken tax code.”
Similarly, the House Freedom Caucus, which is comprised of Congress’ most conservative members, said in a statement:
“President Trump has delivered a forward-looking tax reform framework that will let hard-working Americans keep more of their money, simplify our system, end carve-outs for special interests, and will help make our businesses competitive abroad. The Freedom Caucus looks forward to sending a final bill based on this framework to President Trump’s desk as soon as possible.”