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About This Document: In more sentimental bygone times, this went by the name noblesse obligethe idea that something (if not much, strictly speaking) was expected from those who benefited from existing social and economic arrangements. This myth served to make it seem as though large landholders and financial barons were doing the republic a favor by exercising what they took to be their natural prerogative as rulers. That's why the election of a vulgar soldier such as Andrew Jackson as president came as a shock to the New England elites and Virginia squierarchy for whom affairs of state were a natural extension of their various landed and commercial monopolies. And that's why Jackson's overheated assaults on the early Republics "monster Bank" seemed so ugly. Did the new landless holders of the franchise have no gratitude* for God's sake?Look no further for confirmation of this derangement than the surreal explanation for why the jobs economy remains terminally stalled out amid record-breaking corporate profits. The problem, you see, is that company CEOs are paralyzed by the "uncertainty" of a runaway liberal regulatory state. How could any self-seeking corporate honcho expand his workforce or reinvest in his rickety physical plant when, at any moment, power-mad federal regulators working from the Obama socialist playbook will be swooping down to expropriate yet more of their hard-earned wealth? Here, for example, is Forbes contributor Gary Shapiro, who also happens to be head flack for the Consumer Electronics Association, in full froth about the "army of government bureaucrats" who are implementing a vast battery of job-killing regulations: "These bureaucrats have a dangerous combination of legal savvy, little business experience, and a passionate desire to punish, restrict and regulate business without regard to economic consequences."

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Categories: DocStore > Periodicals > Social Sciences
Tags: In These Times, Dec 2011, Au Revoir, Noblesse Oblige, Lehmann, Chris, Feature, Social classes

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