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In this issue
March 15, 2010
The Jewish Ethicist By Rabbi Dr. Asher Meir: Father's obligations toward minor children
JWisdom.com Moody, Grumpy, Irritable Children with Sarah Chana Radcliffe (5 minutes)
Judith Graham: Get the whole picture before a CT
March 12, 2010
Rabbi David Aaron: You CAN have Heaven on Earth
JWisdom.com Manufacturing mediums with Rabbi Sroy Levitansky (4 minutes)
Caroline B. Glick: The march of the Red-Green brigades
March 11, 2010
Glenn Garvin: Conspiracy theories, why people believe them and how they spread
JWisdom.com For Yourself, Not By Yourself with Rabbi Lawrence Hajioff (8 minutes)
The Kosher Gourmet by Linda Gassenheimer : Turn leftovers into tasty New England hash
Paul Richter: Biden promises 'viable Palestine' is in the offing
March 10, 2010
Paul Greenberg: Death Checks In
JWisdom.com How To Get A (Real) Life with Rabbi Warren Goldstein ( EXTENDED EPISODE)
Paul Richter: Israel exerts soverign right to its capital as Biden looks on astounded
Richard A. Serrano: 'Jihad Jane' indictment alleges threat from within U.S.
March 9, 2010
Wesley Pruden: Joe's Israeli adventure
JWisdom.com Free To Be (Responsibly) You and Me! with Rabbi Naftali Brawer ( 8 MINUTES)
David G. Savage: Supreme Court to rule on free speech in case of soldier's funeral
March 8, 2010
The Jewish Ethicist by Rabbi Dr. Asher Meir: Make a fuss about those who cuss?
JWisdom.com Finding or Losing Yourself? Here's How! with Rabbi David Aaron ( 5 MINUTES)
Steven Emerson: America must learn from the UK about the future of Islamist subversion
March 5, 2010
Rabbi Berel Wein: Golden Calf still with us --- except it has multiplied
JWisdom.com The Limits of Eternity with Rabbi Sroy Levitansky ( 4 MINUTES)
Caroline B. Glick: Biden's lost cause
March 4, 2010
Alan M. Dershowitz: How About A Real Campaign Against Abuses?
JWisdom.com Using Things, Loving People with Rabbi Lawrence Hajioff ( 7 MINUTES)
Jordan "Gorf" Gorfinkel's Everything's Relative
March 3, 2010
JWisdom.com Grasping The Name of Your Life Game with Rabbi Warren Goldstein ( 8 MINUTES)
The Kosher Gourmet by Marialisa Calta : A cowboy's recipes for really good grub
March 2, 2010
Rabbi Avi Shafran: Someone's there
Diane Toroian Keaggy : Have we misunderstood Michelangelo?
March 1, 2010
JWisdom.com Whole in One with Rabbi David Aaron ( 5 MINUTES)
Michael Muskal: Hillary meets with Israeli official, discusses gefilte fish dispute
Feb. 26, 2010
Rabbi Francis Nataf: The Megilla of Spring
JWisdom.com A Biblical Secret for a More Powerful You with Rabbi Sroy Levitansky ( 5 MINUTES)
Caroline B. Glick: When rhetoric rules the roost
Feb. 25, 2010
The Jewish Ethicist By Rabbi Dr. Asher Meir: When walking away from your mortgage is both economically sound and makes ethical sense
JWisdom.com The Second Most Important Question in Your Life with Rabbi Yehoshua Karsh ( 5 MINUTES)
Seema Mehta : U.S.-Israel relations raised in California's Senate race --- by conservatives
Feb. 24, 2010
Rabbi Avi Shafran: The gift of the ‘prayer bomber’
Steven Emerson: Why Religious Freedom Commission is under attack
Feb. 23, 2010
Dennis Prager: Government, Yes! The Divine and Parents, No!
JWisdom.com The Last Laugh of Enlightenment with Rabbi Yaakov Asher Sinclair ( 5 MINUTES)
Anne Applebaum: Prepare for war with Iran --- in case Israel strikes
Feb. 22, 2010
Rabbi Yonason Goldson: Is it not refreshing Tiger Woods' career has crashed and burned so dramatically?
JWisdom.com Esther and the third Truth with Rabbi David Aaron ( 9 MINUTES)
Kelly Brewington: Going smoke-free may raise diabetes risk
Feb. 19, 2010
Rabbi David Aaron: Is the Divine beyond us or within us?
JWisdom.com Olympic Faith with Rabbi Sroy Levitansky ( 5 MINUTES)
Caroline B. Glick: Israel and the West are perpetrators of a myth that endangers the Jewish State
Feb. 18, 2010
Cal Thomas: Who is Rashad Hussain?
JWisdom.com A Wedding Disaster to Remember with Rabbi Y.Y. Rubinstein ( 3 MINUTES)
Feb. 17, 2010
JWisdom.com Think your life is messed up? with Rabbi David Aaron ( 11 MINUTES)
Greg Logan: 'Greatest Jewish sporting event of all time since David versus Goliath' may be postponed because of bar mitzvah
Feb. 16, 2010
Anya Martin : Boy's 'cerebral palsy' fixed with diet
JWisdom.com Feet On The Street Spirituality with Gavriel Aryeh Sanders ( 8 MINUTES)
Marty Peretz: Let Europe Mind Its Own Business. It Brings Nothing To The Table Save For Mischief
Feb. 15, 2010
Herb Geduld: Lincoln and the Jews
JWisdom.com Are Our Children Really Ours? with Rabbi Mordechai Becher ( 5 MINUTES)
Susan King: 'Wolf Man' reflected writer's wartime Jewish experience

Jewish World Review April 3, 2008 / 27 Adar II 5768

Economic crisis is of our own making

By Rod Dreher


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http://www.JewishWorldReview.com | The central conservative truth," said the late Sen. Daniel Patrick Moynihan, "is that it is culture, not politics, that determines the success of a society. The central liberal truth is that politics can change a culture and save it from itself."


The economic crisis now breaking upon us will be both a political and cultural event that may well be a turning point in our nation's history as consequential as the Great Depression. Which, by the way, is the historical standard to which some smart people — like former Federal Reserve chairman Alan Greenspan — are comparing this event.


When asked recently on National Public Radio why so many financial insiders are using such drastic rhetoric, Wall Street Journal economics editor David Wessel said the closer you are to the crisis, the more you understand just how "very frightening" it is.


The cultural roots of this crisis have to do with Americans' refusal to recognize natural limits. Americans have lost the ascetic virtue of self-discipline and have become impatient with the idea of constraints on their individual will. This is deeply rooted in American history and psychology, and both political parties base their appeals on their own particular version of liberty.


At no point, though, are the assumptions undergirding contemporary liberal and conservative notions of liberty seriously questioned. Our liberation from natural and traditional constraints can only continue in an atmosphere of steady, broad-based material progress, which, aside from the 1970s stagflation lull, we've experienced since World War II ended the Depression.


For nearly a generation, Americans have had the luxury to organize their political fights around cultural issues like abortion and gay rights because economics haven't been central to either politics or culture. And we have financed the illusion of sustainable progress through massive accumulation of debt, both personal and governmental. Prosperity masked decline; optimism occluded realism. As historian John Lukacs writes of the boom years in the current Chronicles, "The middle class habits (and virtues) of permanence, of saving, of passing their assets — and values — on to their children disappeared."


That now must change. The cost of our grand national experiment in living beyond our means is now coming due, and not just in the form of the housing crash. If the country indeed goes into a long, deep recession, forcing austerity and worse on the general public, the full social cost of casting aside traditional communal bonds and moral values — the beliefs that enabled people to thrive during hard times — will be painfully manifest. The psychological shock to the body politic will be sharp.


The credit crisis is not occurring in a vacuum. Consider:

  • The entitlements catastrophe, in which Social Security and Medicare claims by aging baby boomers will threaten to consume the entire federal budget, is only a few years away.

  • The price of oil, the natural resource upon which our entire consumer economy is based, is going to stay high and go even higher because the world faces demand from China, India and developing nations that outstrips supply.

  • Climate change and population growth are going to cause the price of water and food to rise sharply.


These three factors alone seriously complicate the likelihood that we'll be able to dig ourselves out easily from under the avalanche of debt. Nobel laureate economist Joseph Stiglitz recently remarked that in the era of limits to come, all the world's people are going to have to get used to defining economic progress in ways other than production and consumption.


Yes, the political class's response to the crisis so far has been anemic. Yet we cannot blame our politicians for failing to lead us, because they are the products of a consumerist culture that does not take "no" for an answer. How many politicians of either party could hope to win office by telling voters we have a responsibility to delay short-term gratification for the long-term good of the country?


Here's the hope: Economic and related events will force a change in the culture toward sustainability and a revival in localism, personal asceticism and traditionalism. This, in turn, will produce a new, more responsible politics, one that keeps the excesses of a culture in material and social crisis from damaging the common good and public order.


Here's the fear: The cultural shift soon to occur will turn Hobbesian, producing a fearful, nationalistic, demagogic politics, and G-d knows what to follow.


We live in interesting times. And neither liberals nor conservatives are ready for what's next.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.


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Rod Dreher is assistant editorial page editor of the Dallas Morning News and author of "Crunchy Cons" (Crown Forum).

PREVIOUSLY

02/14/08: What child-men need is some tradition
02/05/08: A Republican victory this year could do more long-term damage to the party than a loss
01/22/08: Putting faith in Obama: Do GOPers tempted by him know what they're supporting?
11/20/07: We can't fix the world with The Care Bear Stare
10/17/07: Every father should read this book to his son
10/03/07: Not even our parks are safe … And I lay at least part of the blame on the cultural revolution and our obsession with the individual
08/22/07: The Decalogue, dangerous? Advice for a society that cringes at commandments
08/15/07: Playing the anti-science card
08/01/07: How the U.S. can avoid its own version of the fall of the Roman empire
07/24/07: Conservative author: Big business can be as dangerous a threat as big government
07/09/07: All quiet but the doleful pleas of a father who knows
06/28/07: When we let conspiracy theory masquerade as news, we fall prey to much more than deception
06/20/07: Stranded on Delta: They may love to fly, but it certainly doesn't show
06/13/07: When did conservatism start to mean never having to say you're sorry?
05/08/07: PBS darling gets abused by PC police
05/02/07: Impervious to beauty and deadened to depravity
04/20/07: What I know about being a loner
10/28/05: How the conservatives crumble

© 2007, The Dallas Morning News, Distributed by Knight Ridder/Tribune Information Services.

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