Chapter 7

THE POWER OF MONEY

from

Our Captive Culture
and the Bio-Social Forces that Will Free Us

by
Bruce Stewart
Copyright ©2005 by John A. Stewart

Readers should read the Forward and Chapter 1 before this chapter.

Start End Table of Contents Bib Discuss

The above title generates deep ambivalence.  Everyone knows that money is power in many, if not most situations; that it is often used egoistically and destructively.  They are also aware that (1) it is a necessary social tool, and (2) that like everyone else they would like to have more of it than they do.  Sampson speculated that an observer from another world might well believe that money is our religion.  There are similarities, in the present as well as in ancient times.  Rohatyn notes that money has become blips on a screen.  This mass impersonality has opened the door to mass, monetary fraud.

The foregoing is common knowledge, but we are concerned here first with the costs of being under the influence, especially in our thought processes and government, second with the contradictions between our monetarism and our professions of democracy and ethics, and finally with a biosocial explanation of these developments.  We must therefore consider the power of money in relation to:

Chap 9 deals with the economic system as a whole, which is centered around profit and money, with its advantages, dangers and illusions.  Here we turn attention to particular operations associated with the monetary aspects.  In Chap 3, attention was called to the difficulty of grasping the magnitude of numbers in the billions, in terms of common life experiences, and an illustration was provided.  All economic phenomena are transformed, including fraud.  Discover Magazine (10/98) claimed to address money as "Root of All Evil Civilization".  It properly scratched "Evil" but only addressed some ancient facts about money, not its present antithetical function--which is our concern here.

Some surveys purport to show a shift away from money motivation and toward self-expression--doing something worthwhile, freedom, respect, taking part in decisions.  These were all factors ranked higher than money by a survey in Psychology Today.  Money rated number 12 in importance, and the editors asked: Was self-actualization really more important than money?  "We pressed people on the subject by asking if they would accept a higher paying job if it meant less interesting work.  Almost two-thirds of the respondents were unwilling to do so.”  There must be some qualifications to a poll of this kind.  First, the sample consisted of 60% executives and professionals (with superior incomes to begin with) whereas the national average is 26%.  This group would not give a typical response to the editorial question immediately above.  Second, the questions were directed at an ideal situation, not what usually prevails.  We would have to ascertain what people actually choose when they are confronted with two jobs (at least) one marked by good pay, but little self expression, the other by substantial self expression but relatively little pay.  Unfortunately there are no data on this.  Most people do not face a situation where they have many job opportunities with this array of different advantages, so the hypothetical question does not mean much.  It is a fundamental defect of opinion polling to take words, or verbalized responses at face value, without realizing that these may not have close correspondence with real behavior.  The responses are then more likely to represent social hopes, expectations, current values, peer phrases and ideals. In fact, Psychology Today concluded:  "The data suggest that people have in mind a level of compensation that they consider adequate for them.  If their pay falls below this level, then money becomes more important than interesting work.”

Money and Success Start End ToC Bib Discuss

Social success in America has always had some close association with money.  Apparently the only time the American public was asked "Can a person be recognized as a success in his community without first having a lot of money?" was a national survey by Parade, the Sunday supplement.  In response to this question, the following results were obtained. 64.3% said “No”. 32.6% said “Yes”.  3.l% “No response”.  Parade prefaced its report with a quotation from Theodore Roosevelt, who prophesied, "The things that will destroy America are prosperity at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life.”  Teddy apparently was only worried about the extremes.

The results of the survey seem unambiguous, and there is no reason to think they have changed much over the years, or if so, this poll should be repeated.  Twice as many people require money for "success" as do not.  This would seem to be self-defeating, since most of them have acknowledged that they can never be rich, and therefore could never be successful.  A possible escape is built into the meaning of "success", but it is unlikely that most respondents conceived success to be merely living in a way that (hopefully) left the world a better place.

The most recent available poll from Gallup on this subject disclosed that 7O% of Americans believes there is too much emphasis on wealth and trying to become rich.  Asked if wealth should be more equally distributed in the country, 66% answered in the affirmative (compared with 60% six years earlier) 65% agreed that the number of rich was increasing.  Asked about poverty, 79% it was increasing in 1990 (compared with 70% in 1984).  Serious ambivalence was shown when 62% said the nation benefits from having a rich class (which would be reduced by redistribution).  That level varies with the individual and the circumstances.  Anyone acquainted first hand with business organizations, education and other professional agencies is aware that (practically) all are actively seeking more money and a bigger slice of the pie.  They may talk about other factors, but actions will be rather uniform.

Another study, "Who Gets Ahead?" by Yankelovich addressed in part the question of money as a badge of success.  The criteria used:  "The two measures of success were earned income, determined in several ways, and occupational status as reflected on the Duncan scale, a well established measure that ranks occupations according to the number of years of education they require and how much people in them earn.”  On the next page, the Duncan scale was explained as being "initially worked up from surveys that asked people to rate a standard list of occupations for desirability.  Duncan found that two other measures which were easier to quantify could be accurately used as substitutes for desirability, the number of years an occupation requires and how much people in it earn.”  From this description it appears that income was used twice as an index.

In an earlier survey, Warner aand Abegglen inquired about the attributes of very successful men, which is somewhat different from the previous study because it stressed the highest levels of income.  Warner was concerned with the careers of 8,000 top businessmen in order to determine what factors contributed most to their success.  A dominant characteristic of these men was their complete concentration on advancement.  "They can focus their entire selves on their job to the exclusion of all other matters, daydreams, family, social life or any extra interests that might intrude.”  They have no hobbies, take few vacations and even sex is sublimated to the career.  They participate in community activities but only because it helps their career and the company expects it.  A science magazine (Science Digest) in reviewing the book concluded that these big success men "have superior qualities for attaching themselves to their bosses or their business sponsors... This ability to pick up the friendship of a useful older man early in their careers is a main distinguishing characteristic of the men who got ahead.”

Yankelovich did not include the factors found in Warner's study, but they must be considered, regardless of how effective one might judge them to be at lower levels of success, or at a different time.  He does mention some other omitted factors, which probably have an effect on success, particularly ego strength, heredity and various cultural influences.  Another factor which must play some part in getting ahead is impressive talk, known colloquially as "hornblowing", and the associated role of servility toward superiors, known colloquially as ass-kissing, and strongly suggested in the Warner study.  Whether these are decreasing in effect can only be told by investigation, not by implying that they are "out of date" as Yankelovich does. Time does not automatically change responses. A repeat poll would be necessary, especially on those “unpleasant” implications added later.

Some attention must be given to the book WHO GETS AHEAD:  Determinants of Economic Success, by Jencks and Associates.  It is directed at the factors that are associated with success.  These are treated statistically in what appears to be an effective manner.  One of these factors is "earnings" and income along with education, race, genes etc.  The book directs its study at the "impact of family background, cognitive skills, personality traits, schooling, race” on attaining success.  There is no definition of success in their book however under the heading "measures of success" we find only income, therefore the common monetary standard and the surveys to which we have previously referred remain unchallenged by the Jencks analysis.  For Jencks, money is not only an important factor in success, and getting ahead, it is also the goal and object of doing so.  There is, of course, no mention of any handicap so far as money is concerned, no interference with scientific diagnosis and prediction.

Changing Perceptions? Start End ToC Bib Discuss

The endless money chase occurs to a large extent as a means of attaining ego satisfaction at ever higher levels.  To call it, as Veblen did, "Conspicuous consumption" implies it was quantitative acquisition and it may be financial possession and power.  A change in this pattern has been foreseen by Yankelovich in his book NEW RULES.  Here it was argued that the American dream of more affluence forever is dying down and preoccupation with the self will be replaced by what is called "an ethic of commitment", a turn toward the "sacred and expressive side of life", characterized by more "reverential thinking".  Other people will be seen less as means to our ends but more as values in themselves.  We will seek deeper and more lasting human relationships to fill the void caused by the futile solipsistic ministration to all our manifold desires.

Our old "ethic" was well characterized by Yankelovich when he observed that we are dedicated to having endless and incompatible demands such as:” A career and marriage and children and sexual freedom and autonomy and being liberal and having money and choosing nonconformity and insisting on social justice and enjoying city life and country living and simplicity and graciousness and reading and good friends and on and on.” In our culture, money is the important tool for getting all these things.  But now, says Yankelovich we need a new social ethic and we have a "poignant yearning to elevate the sacred.”  This highly subjective, even religious terminology is superfluous, but possibly an added effort to appeal to everyone.  We are interested here in addressing his "hits and errors".  Yankelovich recognizes that people are slowly learning that "duty to self is not a viable guide to conduct.”  Slowly indeed.  It is not workable, that is, satisfying to our basic drives in the long run, (to put his message in terms of the bio-social theory).

The Yankelovich analysis errs in extrapolating from the personal to the mass-social level uncritically.  It is one thing to seek closer ties with known individuals, to identify with and sacrifice for them mutually.  It is something else to identify with and sacrifice for populations, both within one's own nation, and in other nations.  The latter occurs much less readily and indeed will be at a low level while it may be at a high level in the interpersonal.  We must find other factors to account for and anticipate more "unselfish" behavior on a large scale.

Yankelovich declares that the new ethics requires "commitment".  The logical rejoinder is Why?  His answer:  "For the fundamental decisions of life we inevitably fall back on ethical judgments about what is right and wrong.”  Not necessarily, and not most effectively.  The real reason we change is because the consequences of more consideration for others are finally perceived as more satisfying to us than the results of self-absorption, at least over any more extended period of time.

We may safely conclude that Yankelovich's analysis (and prognosis) in NEW RULES was sound, but premature, as are many such predictions about large scale changes in human belief systems.  His forecast seemed the very opposite to events of the 80s and 90s.  Under Reagan, Bush and supply side economics, the material and money values settled in with a vengeance.  As they saw it, emphasizing wealth and monetary profit was not only necessary but it was an ideal which would "trickle down" to the poorer folks, but supply side economics did not work quite as touted.  Such panaceas must have time to "blow themselves out" before people are prepared to turn toward other combinations of policy.

Another book with a similar message was HABITS 0F THE HEART, by a team of writers.  It argued that "for over a 100 years a large part of the American people, the middle class, has imagined that the virtual meaning of life lies in the acquisition of ever increasing status, income and authority", supposedly the source of genuine freedom.  It urged that "a morally concerned social movement informed by Biblical and republican sentiment has stood us in good stead...” which it referred to as "moral ecology".  Thinking back on our history, the "stead" was inadequate when it came to the issue of slavery.  Southern religious leaders were almost uniform in support of that institution, and as described elsewhere in this book, the real dynamic was something quite different.

In more recent times, how much does money and profit continue to influence our values, beliefs and ethics?  One diagnosis of business practices was offered by Reder (IN PURSUIT OF PRINCIPLE AND PROFIT).  It presents "good news" in the form of specific companies, which aimed at elevating the "rules" by means of ethical audits--periodic checks on the performance in "social responsibility".  Commendable though these efforts may be, they are often formalities, and no statistics were offered as to their frequency.  In fact Reder admitted, "We've seen that our corporations continue to view the world through the lens of the quarterly report.”

The Current Controversies Series presented pro and con positions on the subject ETHICS.  Focusing on ethics in business, two essays were revealing.  One by Professor Machan (courtesy of the Heritage Foundation) offered only general arguments in favor, but no facts bearing on the case.  Another essay by K. Labich (of Fortune Magazine) asserted the negative position, well-exampled.  There had been prior surveys on this subject appearing in The Harvard Business Review. It polled 1,700 businessmen regarding unethical practices among business executives-- conclusions from men directly "in the know".  It was found that four out of every seven said that businessmen would violate ethical codes if they thought they could get away with it.  Four out of five admitted unethical practices in their own business.

  Some years later, the Review repeated the survey and found that there was some improvement, but monetary considerations still tended to overpower ethics.  The later survey did show that executives were more cynical about their peers.  When asked about their own beliefs on ethics and social responsibility, the majority was in favor of both.  It is of interest that polls by Gallup (and by the U.S. News and World Report) found that the public was more optimistic about ethical practices in industry than were the industrialists themselves.  Progress, as claimed by some writers is very probable, even allowing for the rationalization which is usually involved, but current news from the business front shows that there is much work to be done.

Ethical appeals are historic.  Ethics courses are being introduced into education of various professions, but these are of questionable effect.  The courses customarily are treated academically rather than operationally, not coming to grips with real life situations, for example visiting with some businessmen, lawyers or other gentlemen who were in prison for failing in “social responsibility".  In science a hypothesis or theory that does not correspond with observable operations or explain these consistently (and under what circumstances they change) is replaced by one that does.  We must therefore examine some cases of this departure and then consider the bio-social forces that enable us explain better and to anticipate and guide behavior in a more consistsent manner.

Money and Advertising Start End ToC Bib Discuss

No matter where Americans turn in the mass media, they must endure advertising.  Most of the income of papers, TV, radio and even most magazines comes from commercial announcements--usually about 3:1.  Thus in the final analysis, money has great influence on the media and exerts this by way of advertising.  In our present system if the medium did not attract sufficient advertising it would disappear.  In other words, modern managers are restricted by advertisers and will think twice or more times before saying anything the advertiser might not like.  Nor should it be thought that the advertiser is wholly free of confining and nonlogical forces.  He is only passing them along.  It will be necessary for us to examine numerous examples of this phenomenon.

Twitchell in his book AD CULT: U.S.A. provides multitudinous illustrations of advertising tinsel, both verbal and pictorial.  He seemed to be intrigued by the expressive display, and thus claims that he "loves advertising".  Twitchell is not alone in his defense of the process.  A book by Goodrum and Dalrymple (when in preparation) had a chapter of "accumulated examples of assaults on our intelligence, taste, credulity and good sense... In no time at all it was so filled with examples that we abandoned it.”  Too much evidence.

Twitchell perceived the danger.  He compared the joyful recognition responses of students to ad slogans, with their lack of interest in and knowledge about major facts of modern times.  The author didn't think advertising usually makes much difference in sales, but people know it well and are negative but passive about it.  He maintains, "Advertising does not invent or satisfy desire.  It expresses desire with the hope of exploiting it.”  In other words, advertisers are driven by the hope of hitting the hot button to win the jackpot, even if their chances are slim.

A book by Schudson faces the fact that "Advertisement is propaganda" and enumerates some false assumptions about it.  He defends "price advertising" as a constructive service but was probably not aware of the adroit modern obfuscations such as "rebates" on car sales and other complications.  Schudson identifies "Sales without Advertising" which includes such products as romance paperbacks, generic drugs (also cocaine).  His best example is the VW Bug, which was selling quite well before it launched into Berbach’s highly successful ad campaign.  Still for some companies advertising has a high correlation with business success, even survival, despite Twitchell's minimization.  In spite of his stellar performance on the techniques by the agencies, he says almost nothing about any relation to profit/sales, with the following exceptions:

 This suggests that there is very little relation between them, and that advertisers don't gain anything economically from the process.  Put in simplest terms, they can't afford to risk not advertising; it might kill them.  Twitchell makes a startling charge:  "Take away the tax deduction business gets for advertising and most spending would disappear overnight.”  A force that powerful, and then not another word on the subject! He also concludes that if advertising was effective, agencies would charge by the increase in sales, not by how much media space was purchased..but will they stand and wait to see the alleged sales results?  Might it be claimed that other factors were at work?  Will agencies go for a “maybe” rather than sure repayment?  Doubtful

Twitchell says nothing about the power of advertisers to influence reports of news and any facts not in their interest--as if this was unimportant compared to getting public attention.  He concludes: "Advertisers are not interested in what we claim to want or what scientists claim we should want, but in determining what indeed we do want, as tracked by what and how we purchase.”  Science, as we have seen, ignores "shoulds" as irrelevant.  It deals with real events, in this case what people actually do, its causes and the consequences (as Twitchell finally concludes). At the turn of the century, the Fox TV Channel repeatedly appealed to its audience to “watch responsibly.” This was a fascinating inversion of the rule to ”present responsibly”. The satirist Johnathan Swift was reported to have said: ”Happiness is the possession of being perpetually well deceived.” Apparently Americans have reason to be happy.

 The subject of advertising is approached differently by Rothenberg (in WHERE SUCKERS MOON).  He made an intensive study of how Subaru embarked on an all-out attempt to recoup its flagging sales by using a new ad agency, which had no experience with autos.  It was a true story of hype, mythology, confusion and waste.  The result for Subaru was a reduction in sales for the following year.  Naturally the media and the advertisers bombard the public with self-serving arguments on behalf of the system of advertising.  According to them, advertising is necessary if the people are to buy anything. Remove it and sales would drop precipitately.  In actual fact, every consumer would have to continue buying food and merchandise at more or less a constant rate.  Most people are not sitting on a large pile of surplus money, which they would simply refuse to spend but for the blandishments of the ad men.  Everyone knows this is true, but it is usually left unspoken.  In reality, advertising is used to determine which brand a consumer buys, not whether he/she buys products at all. How successful are advertisers at selling to the people?  It varies.  An early case was Northwesten Mutual Life Insurance Co., which conducted a nationwide poll to see how well it was known by the public.  It came in 34th.  Two weeks later it was third.  This remarkable leap in recognition was because it spent enough money sponsoring the Olympic summer games on TV.  Subaru represented a result nearly opposite.

In 1993 the total spent on advertising in the U.S. was 140 billion dollars, with TV in its various forms getting over half.  The media are all in hot competition for these advertising billions, each claiming more success than the others in some respect--greatest recall, most often consulted, least offensive etc.  The Newspaper Advertising Bureau was pleased to report a survey where women were asked which medium was the most silly and childish, most annoying, hardest to believe etc.  Television rated as worst in all categories.  The psychologist Erich Fromm pointed out that such responses don't really matter. The viewer enters a fantasy world.  He ‘knows’ intellectually the toothpaste won't really make him sexy.”  Customer selection is better made from consulting Consumer's Union than from being guided by the advertiser, but the consumer clings to the half-conscious hope that "something might happen.”  So while he might rate TV advertising low, it still gets him to buy the product.

When cigarette commercials went off TV, the anti smoking ads went off simultaneously.  (Apparently it wasn't cricket to warn people against cancer, emphysema and other ailments caused by smoking so long as the poison wasn't being pushed on the medium).  At the same time we were recognizing the fatalities caused by smoking, the government was also subsidizing the cultivation of tobacco, so the right hand seemed to pay no attention to what the left hand was doing, or put in a more informative way, special interests had power, no matter what they were doing.

From time to time, television asks the viewers if they think the ads, however poor, are worth having free TV.  Ordinarily about 80% answer in the affirmative.  People do not challenge the very legitimacy of this question.  There is no such thing as free TV.  This time must be paid for.  The only questions are who does it and under what circumstances?  The public will concede, if it is put to them that (1) the advertiser pays for the time, (2) this cost is added on to the price of the product, and (3) therefore the people themselves are really paying for the television advertisements and programs.  Obviously they could pay this same amount outright instead of through hidden price increases, and get the same show without the commercials.  The survey itself is a propaganda technique.

Company managers were surveyed (3,400 of them) and asked to respond to this proposition:  “Advertisements do not present a true picture.” 49% of them agreed with it, and 43% disagreed; the rest could not decide.  We may say that more managers believe the ad men are misrepresenting than believe they are accurate.  0f course if misrepresentations sell more of a particular manager's good, he might not rate untruth in advertising quite the same way.  Another question posed to the ad-men themselves as to what they thought of their function.  The Central Educational Network presented a public program entitled "Adland" in which executives were interviewed and asked questions about their work.  Naturally they justified it wholeheartedly, with these responses:  (1) It was work which required skill and creativeness, (2) It leads to success, i.e. proven power in influencing the buying habits of the audience, and (3) It was fun.  Probably the executives had put their fingers on the main appeal of the business--although profitability surely should have been mentioned, but was passed over.

Interestingly, none of these advantages of the trade related to the question of debits or credits to society.  (1) It requires skill and creativeness not only to think up clever ads, but also to rob banks successfully, (2) Success as measured by determining what people buy is no cause for satisfaction if you get them to buy more cigarettes, and (3) the pickpocket probably has fun.  Advertisements may be entertaining, clever and also accurate and therefore not "all bad".  Louis Harris once sampled public opinion about advertising and found that "no more than 12% of the consumers could bring themselves to describe most claims as "generally accurate".  He added that the ad men formerly passed off these complaints but admitted they had wildly underestimated the consumer revolt.  Judging by how little things have changed, it would be more accurate to say that Harris wildly overestimated it.  A logical public response to ads will not soon occur.

A standard defense of advertising is that it provides essential information people need before they can decide about expenditures.  This is a legitimate aim but most advertising makes little contribution to it.  If we wanted important data most reliably we would consult Consumer's Union or some dependable testing agency that does this job well and with a fraction of the advertising cost.  Gallup asked people to list the agencies they thought were most dangerous to the country.  Advertising was near the top, however if Erich Fromm is correct this is only an intellectual reaction and is no threat to the advertiser.  The evidence supports him.

Media Oligopoly Start End ToC Bib Discuss

The power of money in the media was described by Ben Bagdikian (former Dean of the Journalism School at Berkeley) in his book THE MEDIA MONOPOLY.  Specific cases were provided in abundance.  Only a few highlights can be reviewed here.  In the 1982 edition of his book Bagdikian found that 5O corporations controlled one half of the media in the U.S. In the 1992 edition there were fewer than 20 in control, resulting from mergers and takeovers.  It was shown that these media obtained about five times as much income from their advertisers as from their readers.  Thus it becomes very difficult to go contrary to the wishes of those who provide the primary financing and the "wrong" kind of news is less likely to appear.  Further support was provided by Carl Jensen in his books CENSORED and 20 YEARS OF MEDIA CENSORSHIP containing a small catalog of examples of the way in which censorship quietly operates and how little appears which is objectionable to the media magnates.

Bagdikian reported that the Nixon and Reagan administrations made "the most severe attacks in this century on the freedom of the press... trying to put more of the media under corporate control”. This effort was exceeded by the Gingrichian drive to eliminate public broadcasting during the 1990s.  The House Speaker claimed that "Rush Limbaugh is public broadcasting” even though Limbaugh was demonstrably supported by corporation money and reflected its interests.

The Gannett Media Corporation appeared often in the MEDIA MONOPOLY because of its size and commercial success.  On one occasion it drove another paper out of business.  The other paper sued and Gannett settled out of court.  When the reporters began looking at the records of the case, Gannett had these sealed off.  One reporter asked the Gannett representative, Allen Neuharth, to justify settling freedom of the press cases in secret.  Neuharth replied:  "That’s just business.  I don't think it has anything to do with the first amendment.”  This means that what is profitable comes first, and the constitution comes second. Business takes precedence over press freedom, or perhaps we would better conclude the meaning as "Business must have the freedom to decide which information can be made public and which cannot.” All of this is remindful of an observation by Abraham Lincoln, which is relevant to the subject.  Said Lincoln:  "The shepherd drives the wolf from the sheep's throat, for which the sheep thanks the shepherd as his liberator, while the wolf denounces him for the same act as the destroyer of liberty.”  Lincoln reached the obvious conclusion: "Plainly the sheep and the wolf are not agreed upon the definition of the word liberty.”  Cases of this kind constitute proof that the public is a captive audience of media controllers.  Of course that does not mean the magnates are personally exercising the control; it operates silently down the line of their employees who perceive, often unconsciously what is "appropriate" and what is not.

Bagdikian addressed the "Tobacco Story" in the U.S. as of 1933.  A team at Johns Hopkins University led by Dr. Raymond Pearl made a study of 6,800 cases, which revealed clearly that smokers got sick and died much earlier than non-smokers.  The more they smoked, the more they died.  Dr. Pearl delivered his paper to the New York Academy of Medicine.  Reporters were present from all the eight New York dailies.  Only two covered the story (at the bottom of an inside page).  In 1953 The American Medical Association refused to accept tobacco ads in its journal, JAMA.  92% of national papers took no notice of this.  As most readers are aware it was not until the 1980s that organized efforts to break through the ban succeeded and bore fruit, fifty years after the first scientific study.  This story will be reviewed in more detail in Chap.8.  Today the government still subsidizes the growing of tobacco, while loudly condemning the use of this drug, which has killed more people than all our wars.

More recently Herman and McChesney described the growth of media concentration to the global scale.  The big media firms argue that they must merge to stay competitive.  "Wall Street loves these centralizing mergers and has essentially removed anti- trust barriers to media concentration.”  These writers continue:  "Because of increasing economics of scale and other benefits of large size, media ownership tends to become more concentrated over time, aligning the media more closely with larger corporate interests.”

The most current examples of giant mergers were Disney with ABC, Turner with Time-Warner and CBS with Westinghouse, and finally ALO with Time-Warner.  One defender of the process (Dennis)--a product of the Gannett chain, argued that journalistic enterprises must follow the economic trend of "greater concentration, fewer firms and larger concentration of activity... which does not diminish freedom and number of voices"--a presentation which was barren of facts, in contrast to Bagdikian's.  The media may not yet be a monopoly, but on the record, oligopolies are noted for their negative effect on competition and economic freedom.

Corporations respond to negative news about their behavior with a barrage of commercials designed to rescue their image.  A survey reported by The Public Relations Journal said their media ads amounted to 941 million dollars per year as of 1987, which as one observer noted "was enough money to finance four or five presidential campaigns at that time.”  The result was that their image improved in the polls, but not the issues that originally challenged that image.  William Greider in WHO WILL TELL THE PEOPLE concluded that "organized money is ascendant and “organized people' are inert because money has learned how to do modern politics more effectively than anyone else.”

Money and the Social Scientists Start End ToC Bib Discuss

We have noted the necessary independence of (social) science.  Also that there are constant pressures on scientists to subordinate their discoveries to the restricted aims of organizations having great influence.  Baritz made a study of these "SERVANTS OF POWER among the social scientists.  He reviewed prominent cases where psychology, sociology and other specialties were influenced to coordinate with industrial profit.  His general conclusion was that management "has no trouble in getting the scientists to accept its premises.”  The reason is because they control one of the most powerful positive reinforcers in shaping belief and behavior... money.  Dereistic thinking becomes more probable and so unconsciously that the parties are probably oblivious to the process.  Baritz emphasizes that it is not a matter of coercion or even intentional pressures.  Expressing it rather poetically, he claims that "the fires of pressure and control on a man are now kindled in his own thinking.”

Without perhaps realizing it, Baritz also undermined normative assumptions about why industry employs social science, even for apparently altruistic ends.  He alleged that management does not use social science out of any sense of social responsibility but from a need to reduce costs.  Walter Reuther, a veteran of the wars between capital and labor said, "The one sure way of making them (the employers) socially responsible is to make them financially responsible for what they do or fail to do.”  Moral appeals have had little effect, but demonstrating the consequences of failure to take social needs into account makes a real difference (especially if the result might be a suit or a strike.)

There is no question that social science can help industries function in a way that also better satisfies the basic needs of its workers and clients in the long run, nor is there any escape from the conclusion that leadership must decide about the changes to be made in policies and procedures in the workplace.  Social scientists can make a constructive contribution to the process, providing they can recognize and deal with more short- sighted pressures.  This could be an accurate referent for what Baritz and Reuther meant by "responsible.”

Baritz sees as the chief danger that social scientists may be putting the power to control in the hands of management.  Mayo is cited as an example of this error, referring to "Mayo's unshakable conviction that the managers of the United States composed an elite, which had the ability and therefore the right to rule the rest of the nation.”  True social scientists cannot keep trying to satisfy special interests at the expense of the basic requirements of the population (although we have earlier noted some cases to the contrary), because the costs are too high.  Baritz observes that "throughout their professional history, industrial social scientists, without prodding from anyone have accepted the norms of America's managers.”

Some observers saw it as coming down to an issue of ends and means, that the social scientists could only address the latter.  So far as the managers are concerned, the ultimatea criterion is still profit:  "Managers are forced by the necessities of the business world to measure success or failure by the yardstick of the balance sheet", in which employees share some interest.  Nevertheless there are other factors, and although some progress has been made since Baritz on the status of the workers (and the social scientists) there is still a myopic perception with the bottom line.  There is another reason for reducing the Baritizian danger, a movement toward more informed and trained public interest management, represented in theory by analysts, like Drucker (or Burnham) and in practice by nations like Japan, Germany and Sweden.  The bio-social scientists work cooperatively with this development; because they perceive the cost of doing otherwise is too great.  We may now consider some perceptions of this change.

Political-Economic Money Power Start End ToC Bib Discuss

The ability of money to generate behavior that we could refer to as unethical, illegal, corrupt--or better, dereistic--is seen both economically and politically in both parties, at the highest level.  The economic power was demonstrated by Professor Etzioni of George Washington University, who studied the Fortune 500 companies and found that 62% of them were involved in one or more "significant illegalities". An instructive case was that of General Electric.  It was accused of hiding design flaws in its nuclear plant, manufactured for Washington Public Power  (WPPSS), which had to spend many millions on repairs and sued GE for fraud.  The judge characterized GE testimony as "forced, sometimes forlorn and sometimes incredible.”  He referred to company documents showing that GE knew of the potential dangers at an early stage, but did nothing because "the full scale tests required would have been very expensive.”

  The most probable explanation is that plant managers are always under heavy pressure to cut costs and increase income.  Their status and positions depend on it. Unsurprisingly, the above cases did not receive wide attention in the mass media. The political syndrome of intellectual captivity is shown compellingly in the contradiction between our claims of press and electoral freedom with the actual record.  Charles Lewis' books THE BUYING OF CONGRESS and THE BUYING OF THE PRESIDENT, 2000 (representing the Center for Public Integrity) list many  recent cases of how money dominates both legislative and executive performance.   We have noted the two books on CENSORSHIP by Jensen, representing the Sonoma State University project.

The Supreme Court put the judicial capstone on the power of money to influence elections by its Buckley decision, equating the degree of campaign finance with the degree of press freedom. It ruled: The more money invested, the greater the freedom (but whose?).  This information is no surprise, but we must explain why it occurs and why nothing much is done about it, counter to what would be expected if people took seriously real democracy on the one hand, and and corruption on the other. For example why do they not vote out those electees who do nothing and go along with the system as it is?  Some major reasons:

The facts and logic are a manifest of captivity.  In other words, people are captives in several different ways. Any significant change seems to require a crisis, demonstrating rather conclusively that something is seriously wrong. They will complain (when polled) about the nature and behavior of the congress.  Operationally they keep sending back their incumbents at a ratio of about 80 or 90% (without term limits).  Queried about this they probably respond that the trouble lies with all those other electees, representing different interests.

What can be done, will be done or should be done?  It is not the role of science to advocate, exhort and convert, but to explain and predict, in the best way known. Obviously there is no great protest and opposition when things are going well enough for most people, therefore the questions remain: How and when might these practices change?  What are we most likely to do about them?  What form will the costs take?  (To be addressed later)

The relation between money and congress has been a long story in American history.  Sabato and Simpson detailed some rather recent examples in their book DIRTY LITTLE SECRETS: The Persistence of Corruption in American politics.  They warned at the outset that our political campaigns are sinking ever deeper into a bog of sleaze.”  In response to a regular Roper poll question:  "Can you trust the government to do what is right?" 76% responded "Yes" in 1964, while by 1996, it was only 19%.  This may, of course reflect some increase in public knowledge (or sensitivity) as well as a lesser legislative performance.  It is not a new story.  Greed was the golden rule during the late 19th century.  In the latter part of the 20th century, the Democrats had control of congress and all the possible perks, legal and illegal.

Sabato and Simpson take the cases of Rep. Carr and Senator Lautenberg (Democrats) as reflecting how political money can corrupt. Carr, a Michigan congressman, repeatedly extracted money from Florida firms because he headed the subcommittee that appropriates money for projects in their region.  Then in the 1970s came the Republican savior, Newt Gingrich.  As a candidate he had no money, but he railed against corruption and promised to tell the truth, discuss issues with people and be 100% ethical and free of special interest.  He became "the freshman that roared".  He was described as lobbing "accusations at virtually everyone who stood in his way, with astonishing effectiveness.”  He used a political campaign committee (GOPAC) illegally to gain control of the House of Representatives. He had remarkable success in the 1994 election, accomplished by intensively training his new cadre of neo-conservative candidates to use the "right" emotional verbiage to debase the opponents and exalt themselves--repetitiously and successfully, as described in The New Yorker.  GOPAC tapes were distributed on how to "speak like Newt”.  Words that were used to define Democrats included the following: Sick, traitors, corrupt, bizarre, cheat, steal, devour, self-serving and criminal rights.  These words were designed to "punch through the established media" according to Gingrich.

The role of electoral money has been growing to the point that most political leaders will agree, at least verbally, that it is in need of more social control and regulation.  Business Week described what it called "Feeding Frenzy at the Money Trough". It predicted: "The money chase is bound to speed up, and no one has much interest in stopping it... neither the lawmakers who want to keep their jobs, nor the companies that need a favor or two from them”.  The Center for Responsible Politics assembled and published records of the amount of money received and spent by candidates for national office, from all 50 states.  It showed that as of 1990, the big spenders were winning elections by a ratio of 4:1.  PAC money was the major focus of attention.

Herrnson, writing under the Congressional Quarterly, said that in the 1992 election PAC money was up by 52% over 1990, reaching 678 million dollars.  The National Review, describing the reform efforts of Rep. Linda Smith, summarized a defense of PAC operations as reflected in the campaign of Rep. Ehrlich (R. Md.)  When his audience offered some objections to his PAC funds Ehrlich asked all the nurses present to hold up their hands, then all farmers etc. until almost all hands were raised.  The he said, "I told them ‘every hand in this room was a special interest’”.  Admittedly a clever rationalization, it led the audience to believe that each one of them was a genuine special interest, and suggested that Ehrlich was going to represent them all--equally.  In the first place, they do not conform to the usual conception of that term.  If all the occupational groups were to be given consideration (to the same degree) they would no longer be "special".  And if Rep. Ehrlich were indeed to do what he implies, it would equate to democratic-representative government.  He could be depended upon to do like all the others and represent most effectively the interests that treat him the best and forward his incumbency...his audience of course unquestioning. 

MONEY TALKS, by Clawson, Neustadtl and Scott, was a study of the operations of corporate PACs, based on extensive interviews of the PAC directors (who remained anonymous).  The authors' conclusions were usually reflected in statements from the directors themselves, and thus dependable evidence.  The latter assert that their monetary contributions to legislators help their corporate executives "gain access" to lawmakers--over what others gain.  0f course they must be sure that they are “getting through".  One PAC manager commented:  "If we are sending money to someone and they are not aware of it, we are screwing up.”  They give to both sides in order to keep a foot in all doors.

Former Senate leader Bob Dole was quoted in The Wall Street Journal as saying, "When PACs give money, they expect something in return other than good government.” (There was no statement about the relation between these disparate aims).  The authors (of MONEY TALKS) describe the methods of making sure that their message gets through...along with success at getting exemptions worth billions.  On the other side, minimizers of PACs argue that the various special interests counteract each other (referred to as "pluralism”) however the Clawson group showed that "these false premises cannot be supported.”

Some observers denigrate the concern over campaign financing, for example Samuelson writing in Newsweek argued that the effect of money on elections is less than commonly thought, citing a study by Alexander and Corrado.  He judged the amount spent in the 1992 election (claimed to be 3.2 billion) as only 0.5% of GDP and therefore not excessive.  Also in 1994 he said of the biggest spenders, eight were defeated.  Samuelson concluded that the campaign reform attention “ thus diverts us from wrestling with the important issues which divide the nation.”

There are defects in his analysis.  One misconception is not the amount spent but how it affects the winner's vote in Washington.  Another is the fact that the 1994 election was not typical and even here 60% success by the big spenders is not altogether inconsequential.  Finally, the big spenders, as well as most other candidates must expend absurd amounts of time and energy on money- grubbing.  The objector will cite cases like Huntington and Perot who spent millions (of their own money) but were electoral failures.  This kind of anecdotal evidence—however interesting--must give way to statistical data. Incumbents generally have more money than challengers therefore they are not likely to vote in favor of leveling the playing field (campaign reform). Their assumptions are confirmed by their success.

Stern (in THE BEST CONGRESS MONEY CAN BUY) pointed to three million dollars the average senate candidate must raise (at that time) and concluded "Even the most idealistic senator has no alternative, other than to rely on special interest groups.”  He added "More than half that money comes from outside special interest PACs, " Stern provided the most dependable, present method for revealing the influence of campaign contributions on congressional voting.  He considered the sugar subsidy, the dairy subsidy, the hospital cost containment bill and the domestic content bill on U.S. cars. In each case, he compared the amount each congressman received from the particular lobbying business with the percent probability that he voted for the subsidy.  In each case of those receiving the maximum contribution, 100% voted for the subsidy.  As expected, the percentages dropped concomitantly with the amount of money received.  This high correlation is no accident.

The power of money over political campaigns has been rising in public attention.  We have seen that it is often an important factor in the actual voting and shown to be a determining factor in the voting record of legislators on the hill. There was no follow-through on Stern’s proposal. This presents a seeming anomaly of strong public sentiment for a cleanup, but little or no congressional action.  If the public was truly concerned about the "best congress money can buy"--as any elementary concept of democracy makes it--then the voters would promptly turn out those representatives who stalled on or opposed bills offered to curb the electoral power of money.  But the electorate keeps sending back the candidates who had opposed campaign reform in the next election.  This is a pattern that holds for many different political issues.

On this subject rationalization flows freely.  Sen. McConnell (R, KY) opposed any legal restrictions against campaign contributions, employing the bogus analogy that it is only like people volunteering their efforts to help the party or the candidate (Interview, WASHINGTON WEEK 10/24/97) The Washington Post observed that the opposition to the McCain- Feingold bill had stripped it down to where "it does nothing to diminish the advantages" of the wealthy or the incumbents.  At this point the GOP was railing against the Democrats for calling in a shower of soft money from questionable sources, but ignoring the fact that the Republicans had called in more soft funds in the last three elections.  We can explain the above contradictions in terms of: (1) the particular legislator represents local interests well enough to satisfy his constituency, (2) the voters are demonstrably ignorant of how their representative had been voting, and (3) the incumbents are at a great advantage in raising money and are not about to weaken or relinquish it.  What are the prospects for change?

At this time the House has surprised many observers by passing a campaign reform bill.  The Senate committee would probably be expected to use cloture to stop the McCain-Feingold bill from coming to a vote (where a minority has control over legislation).  A reform will be eventually passed, but watered down with amendments.  However as indicated, PACs and other special interests are aware of so many loopholes that they are not worried by any particular law, which might appear to put them under serious restraint.

An ABC-Washington Post poll showed that 79% completely or mostly agreed that "Money is the most important factor influencing public policies”, but then if asked whether the government might help to regulate this money effect, Gallup usually found that 60-70% of the people express the opinion that government has too much effect.  As Drucker observed, "It has become fashionable these last years to be anti-government... governments have become powerless against, the onslaught of special interest groups.”  The Clawson authors conclude: "Our society takes private property, the free market and the buying and selling of everything and anything as givens... Economic democracy is regarded as not just impractical but somehow immoral.”

Sorauf in his book MONEY IN AMERICAN ELECTIONS describes "the losing struggle to regulate" observing "little progress, little change.”  He raised the question "How much is too much?” which almost everyone has trouble answering, and therefore slides past it.  He predicts that reform is possible under one or two circumstances:  (1) a catastrophe of some sort, like Watergate--but nothing approaching that as yet, and (2) capture of policy making branches by one party, legislative and executive control that can break any filibuster.

So far as law is concerned, the Buckley Decision by the Supreme Court created what Neuborne called "a fundraising frenzy, feeding on the uncontrollable money habit wherever and however they can.”  The Court is reportedly preparing to review this case, although few expect it to make any fundamental change.  Recent surveys suggest that the public is indifferent about campaign over-financing and even corruption. It is logical to conclude that this reflects on the failure of democracy-- and that it hasn't been sufficiently costly to them as yet.

What might be done to change things?  There have been many proposals for regulating cash flow into political campaigns such as term limits, balanced budget, purely public financing etc.  One simple start would be to reduce the length and therefore the costs of campaigns, as some European countries have done.  For example the British House of Commons reports its "Electoral Timetable" is completed in 19 days.  This compares to our presidential and congressional election, running for two months formally, to which must be added the four months taken by the primaries, totaling over a half year.

Another procedure would be to see that the voters have the real record of their representatives' vote on the issues... especially in relation to the contributors, along the lines of Stern's technique as described earlier.  Then they would know which incumbent was more under the influence when the chips were down.  As a result the "commercials" would be less effective and also probably less abundant.

When Gallup asked the public what they thought about federal funding of national elections, 50% approved it and 43% disapproved.  Perhaps the 43% would respond as described by Stern:  "What!  Me pay for the campaigns of all those lousy politicians?" Stern goes on to point out that we are paying either way.  Generally speaking in America there has been resistance to federal activity on any issue and a feeling that private function is the key to problems.  Of course government does provide a fixed amount to presidential candidates (who meet certain requirements) to which there is surprisingly little objection--but judged as quite inadequate by the candidates.  MONEY TALKS offers reasonable proposals for improvement but concludes that reform is not imminent.  Most PAC directors know that bills have been previously offered in congress-- 1984, 1990, and l99l, but did not pass because most members want usable loopholes maintained.

             "Easy Money" Start End ToC Bib Discuss

This title was used to characterize gambling in the U. S. (By Frontline, TV).  A more accurate description would be "Easy Come"--for the casinos,let the machinery continue producing a generous flow.  It would be "Easy Go" (for the gamblers shelling out to the casinos).  40% of the U.S. population indulges in gambling and they pay out 500 billion dollars a year, which is more than they spend on houses and cars.  The industry is under corporation control and is euphemistically referred to as "gaming".  The term game is defined as recreation, sport, fun, and amusement.  Gambling is just manipulated money changing hands.  Chance alone does not determine the outcome, otherwise the casinos could not make their great profits.  Statistics are always loaded against the gambler (which he will admit intellectually but not operationally)

Even educated people will invest money at odds so small that they would laugh at or ridicule them elsewhere.  They are captivated by an illusion.  Gambling reflects an old saying: "A fool and his money are soon parted.”  What then is the real motivation for this waste of money?  The casinos call it part of the entertainment industry.  If the victims feel sufficiently "entertained" while losing their shirts then they accept the label.  Many Americans are eternal optimists and dreamers.  They nurture endless hopes of hitting it big.  They are also regaled constantly with ads hailing a previous winner and encouraged to visualize themselves receiving a check for a million or more dollars.

Gambling is justified by claims of thousands of jobs provided, but thousands of jobs are provided by drugs and the underworld. Another defense is that some state lottery proceeds are used to aid public education and improving the environment. A non-racist defense: When American Indians turn to Casinos (now breaking records) they are enabled to recoup some of the wealth stolen from them by the invading Europeans.  Each of these virtues could be attained by more direct and constructive means.

State and national governments have gotten into the gambling business, in the form of lotteries and card playing.  George Hardie's gambling parlor, The Bicycle Club was seized by the U.S. government, which continued its operation and was making 35 million dollars a year.  This calls attention to the fact of inadequate regulation.  Legislation was repeatedly introduced to control it, which passed in public vote but was killed behind closed doors.  As an example Senator Lockyer (CA) voted in committee to defeat his own bill, claiming erroneously that add-ons had changed it too much. The politicians just learned to be meretricious.

The gambling industry funnels millions into lobbyists who work, rather successfully, to defeat or sidetrack regulatory legislation.  The five-year total spent on lobbyists was 100 million dollars.  As in the long running history of tobacco, no laws were passed which the industry didn’t like.  The natural response is to ask whether the government should control gambling.  Does it fit into the category of tobacco or alcohol or drugs?  The only feasible role for the government would be to set up and enforce some rules restraining and limiting excess profiteering, misrepresentation, secrecy and lawbreaking.  We cannot keep people from throwing their money away if they want to--captives though they may be.  Gambling has a long history and probably a long future.

Some cities have succeeded in excluding casinos, but most have either not tried or been unable to resist the appeal.  Las Vegas, Nevada, formerly regarded as "Sin City" turned into the fastest growing city in the U.S. and plans to double the number of casinos in five years.  This is sold to the population as bringing jobs, prosperity, civic growth and improvement, resulting from phenomenal profits.  Few cities are able to resist the lure when it is dangled in front of them. A penetrating study of gambling in the U.S. was Robert Goodman's book, THE LUCK BUSINESS.  He first reviews its growth, as follows:  "From 1988 to 1994 casino revenues nearly doubled from 8 billion to 15 billion.  In total, Americans bet nearly 400 billion on all forms of legal gambling, growing at the rate of 15% per year.”  The question becomes: Why?  The author points out that the proposal for new casinos seldom mentions specific games, or why anyone finds them exciting.  A lobby soon appears and produces effective techniques for selling the gambling business to communities through PR and political pressures.  Goodman provides numerous examples.  He noted how retiring public officials would be given high paying positions in the "industry". 

In Illinois, this included a governor, a senator, house majority leader and a mayor.  In the early stages money flowed abundantly into the casinos and riverboats, but as reported it was "money that is being diverted from goods and services in other local businesses.  Instead of bringing new wealth to the community, convenience gambling enterprises cannibalize the local economy.”  Four years after the big casinos moved into Atlantic City, about a third of that city's retail businesses had closed and Atlantic City lost over one fourth of its population.”

Addiction to compulsive gambling began to rise and it was generally recognized that increased gambling leads to an increase in crime (by people who are trying to relieve their debt, as well as by organized crime trying to get into the profits.)  Chapter 3 in the book raised the question: "Who Plays and Who Pays?"  The more affluent people spend more money on gambling.  The poorer people spend less, but "quite a bit more as a percentage of their incomes.”  By the mid-90's, the "worm" was beginning to turn.  Cities and states were realizing that the burdens of various kinds exceeded the benefits of the gambling business. 

It is quite obvious that there is still sufficient demand for (and captivity to) this form of "entertainment".  It will continue into the indefinite future, but perhaps not with the previous, universal enthusiasm.

Bio-social Dynamics of Money Start End ToC Bib Discuss

For centuries it has been believed that the way to overcome "gold and mammon" is moral exhortation, persuasion, commitment.  It is more productive to regard our super materialism as captivity rather than corruption or ethical evil.  In this culture, as in most, money is the established mechanism or canalization for satisfying a cluster of organic and "activity" drives.  This has been reinforced in people for generations.  Turning attention away from moralizing, we may raise questions such as how, why and when these perceptions will be changed--under what circumstances will people become more emancipated?  The theory implies testable answers; to the extent the answers are verified, the theory is confirmed as a reliable guide, or modified with confidence for improvement.

The process described above has operated in several ways:  (1) A person may fulfill the ego or self, gain status and satisfy bodily needs by accumulating wealth.  This may take the form of "conspicuous consumption" or conspicuous accumulation. (2) An individual may have grown up in a time of material deprivation.  In this case a sense of insecurity is felt thereafter, which impels one to be abnormally concerned with money... which in turn relates to Maslow’s hierarchy of needs and the condition in which organic and other basic drives must be met before "higher" individual capacities and cognitive processes are free to grow and find expression.

We may digress briefly to relate the foregoing to the work of Ronald Inglehart who conducted surveys in several nations of Western Europe, asking people to choose their highest values from a prepared list.  Half the items on the list related to material and security values, the other to non-material values such as freedom and beauty.  It was found that the people who grew up during the depression showed a strong tendency to choose the material items and younger persons the non-material.  Inglehart explained this by referring to Maslow’s need hierarchy.  These results seem to conflict with some from Gallup which showed that as people grow older they tend to become more conservative.  A reconciliation of these positions is possible in this way:  dereistic reactions occur in the older people when security needs come into conflict with the cognitive.  Since the younger persons of today have probably not had any shortage of material needs, the dereistic reaction is not called forth; however should the young be compelled to face more stringent conditions, theory predicts that their reactions would change.  It also anticipates their reaction will tend to change as they grow older and become more associated with the American success ethic and more current financial matters.

The classical economists might recognize a third kind of captivity, by maintaining that human wants are endless, and since money is the means of satisfying these wants, the desire for money is endless.  This assumption originated with the economic theory that grew up during the early industrial revolution when people in Western Europe were beginning to appreciate the potential cornucopia of industry and technology.  Since this seemed endless, their expectations grew to match it, or at least the economists assumed this result.  Economic "wants" are endless to the extent one perceives endless increase in satisfaction as a possible goal.  Americans have been nurtured in this outlook.

We have noted Yankelovich's challenge of this belief and value system.  During the 90s, American affluence and its expectations have come under erosion by a number of forces:  foreign technological competition, exporting plants and jobs to cheap labor countries, declining natural resources, polarization of wealth and others.  Even among the successful there is discontent.  Samuelson's book tried to explain this seemingly strange phenomenon (however the author did not adequately address the concerns of the lower income levels).  Here the subject of education enters the question of how basic values (including the monetary) become established.  People are very sensitive about what is taught in school, and they want to be sure their offspring are pointed in the "right" direction.  What is it?  Gallup asked Americans for their rating of the goals of education.  Here is what they said education should do, in order of importance:

1.     Help get a better job 47%

2.    Help get along with others 43%

3.     Help make more money 38%

4.     Attain self- satisfaction 21%

5.     Stimulate minds 11%

What constitutes a “better" job?  There are several ingredients, but when we listen to people who succeeded in getting one describe it, remuneration is practically always mentioned, and very promptly, so a large part of Response No.1 coincides with Response No.3--make more money.  "Getting along with others" could denote anything from the subtleties of Transactional Analysis to hail-fellow-well-met.  If we ask for what purpose "getting ahead" there will be some financial overtones.  “Attaining self-satisfaction" is another ambiguous concept, equally useful to Ayn Rand or Mohandas Gandhi.  Most significantly, "Stimulate Minds" ranks dead last among the options at 11%.

Mental stimulation is also a little vague, and it would be interesting to see the public's rating of "Help to think for oneself.”  Probably it wouldn't do much better, although perhaps slightly higher because it sounds a little less subversive than stimulate minds.  Apparently most Americans think mental stimulation doesn't help much, and may even be a handicap, especially if it interferes with the high-ranking goals, as some suspect it does. We should recall that Ronald Reagan condemned California for stimulating student minds.  It is only through stimulated and functioning minds that we can reach a sound concept of what a better job is, how to associate constructively with others, attain genuine and mutual satisfaction of the self or even a realistic understanding of the limits of "more money"

A general rule governing the intensity of the craving for money and goods is: What prospect does the future hold out for attaining it?  If the individual perceives that poverty is and always has been the lot of people in a poor country with little or no chance of avoidance (even assuming he is aware that things are different elsewhere) then he will adapt his aspirations accordingly.  He will not manifest the well known "rising expectations".  This interpretation is consistent with some surprising results of a survey in India by Gunnar Myrdal.  Study of slum dwellers in Old Delhi (with incomes of about four dollars per month) revealed that 94% of them found their position "secure" and 91% were satisfied with their present employment.  The only way this result is comprehensible to us is to assume that these people accepted their way of life and saw no possibility of changing it.  They did not perceive themselves as poor and perhaps had no knowledge of a different standard.  Probably they canalized drives into other forms, which we do not recognize or appreciate, for example the Hindu religion with its reincarnation, nirvana and self- abnegation.  (Touched upon in Chap.  10)

Nevertheless change does occur, and is occurring in many UDCs where more people are raising their sights and lowering their thresholds of tolerance, however slowly.  The relentless growth of the technology of transportation and communication guarantees this, although it does not move as fast as some fear and others hope.  It takes a different form, and like many other things turned technological, becomes more potent.

As the economy matures and works out its assumptions it is increasingly possible to manipulate the system so that money is made, but no necessary goods or services result.  Money invested returns much more money.  While capital is necessary, the social benefit is primarily in the product and service, and those who provide them.  Making money from money, while hardly a sinful form of reproduction, as first regarded, is nevertheless a kind of partial parasitism.

Conclusion Start End ToC Bib Discuss

The most captivating and dangerous aspect of money is the power it confers on some person or agency to shape our minds, whether this occurs unconsciously or deliberately. Some illustrations were examined, setting aside normative platitudes, like money is the source of evil, or to be ignored in comparison to social and spiritual values.  Money exercises its influence on our thinking and way of life because it symbolizes and makes possible many drive- fulfillments, and conversely can inflict deprivations and frustrations.

Money can warp the mind dereistically and modify human values.  Erich Fromm recognized our captivity to the demands of profit and market values as a source of alienation in our society: “(A person’s) sense of value depends on his success; on whether he can sell himself favorably, whether he can make more of himself than he started out with, whether he is a success.  His body, his mind and his soul are his capital, and his task in life is to invest it favorably, to make a profit of himself. If the individual fails in a profitable investment of himself, he feels that he is a failure; if he succeeds, he is a success.  Clearly his sense of his own value always depends on factors extraneous to himself, on the fickle judgment of the market, which decides about his value as it decides about the value of commodities.”

This pressure is greater in some human endeavors than in others.  The majority are not Arthur Miller type salesmen, but it is safe to say that everyone is touched, more or less forcibly by monetary influence, as long as they live in the American culture, and many others like it.

Material success is alleged under capitalism to be the reward of real ability on the part of competing individuals—without a monetary “head start” on the part of the privileged.  To the extent that some of these competitors are endowed, at the outset with riches and the power this confers, to that degree, the rules of the game have been aborted.  Edsall pointed out that the only tax in the U.S. that is applied directly to wealth is the inheritance tax.  The l98l legislation called for raising the inheritance tax exemption from l75,000 dollars to 600,000, an advantage applying only to the top 0.3% of the population. (A more recent proposal has been to eliminate it)  The wealthy rationalize this by arguing that inheritance taxes interfere with their freedom to acquire and pass on the results of their labors--or that they could have gotten to the top, even starting with the "handicap" of the extra money.  A man like Carnegie is exceptional in his belief that it was disgraceful to die wealthy.  His sincerity was proven by his action in leaving his offspring very little and public causes a great deal.

The important question about money is not so much the amount obtained, but what is done with it.  If a person makes a million (or a billion) and spends it on education, fighting disease or poverty or a new productive enterprise, it cannot properly be said that he is dominated by money.  If he uses new enterprise and money to expand his net worth like a balloon, we may say he is a prisoner.  When this subject, the dangers of money is discussed, a persistent question will arise: How is it possible to determine what is too much?  No one will admit to being in that position.  There are a number of simple tests to be applied: The ability to say No, at some point, that no more personal gain will be sought; that the use of what one has will be in socially beneficial ways--but not in greater affluence; The ability to entertain beliefs and ideas which are at odds with more profit-making and materialistic pursuits.  These and others can be operational tests of meaning, and can offer some resistance to rationalizations.

The real issue becomes: Why do people succumb to these attitudes and what can or will be done to change them?  A brief and necessarily over simplified answer to the first part is that cultural conditioning has reinforced these into us over many decades.  In this milieu, money is its own reward for playing the game; the system has a built-in feedback.  However no system or no custom is exempt from change and some observers, as Yankelovich has recognized, believe it is already changing.  It has been suggested here that the future of endless monetarism will result in more frustration and less success.

Under what circumstances can we expect to become more emancipated from bondage to an exaggerated materialism and monetarism?  Living in affluence and a surplus of goods, most Americans have never objected to how much excess the wealthy may accumulate so long as they themselves are able to get by satisfactorily.  Also the percentage of Americans who qualify for affluence is the highest in history.  In addition the (Poorer) public seems to get a certain vicarious satisfaction from the lavish living of the billionaires.  As our surplus of resources dwindles and our affluence shrinks, as the pressure on employment and security becomes more acute, this attitude will change. People will decide they can ill afford such wasteful and conspicuous consumption/ accumulation.

The public will begin to differentiate between opulence, rentier living and paper entrepreneurialism on the one hand and constructive investment and enterprise on the other.  There is less polarization in other western nations than in the U. S. This polarization can increase their effectiveness in operation.  Changes include higher taxes on capital not invested early and constructively; a progressive income tax; the requirement of making both corporate and managerial transactions more accessible, to open the books instead of keeping them closed--hiding operations which will not stand the light of day.

The wealthy can now flee to other countries with success, but as long as their business is in the U.S., they can be subjected to some limiting requirements, thereby converting their patriotism from rhetoric to reality.  Some international limitations can be expected to evolve.  Economics in order to be fruitful in the future will have to be treated as part of ecology.  We will stop thinking ab