submitted by Gene Howington
David Simon is best known as the creator and writer of the brilliant television show The Wire. His most recent column appearing at The Guardian is a fine example of why perhaps he should also be known as a deep thinker. I say this not just because I find his position in line with my own and my own observations, but because I think his analysis shows an unhurried and considered approach. While his core thesis is perhaps best summed up by the following excerpt, I do encourage you to read the article in full at The Guardian.
“That may be the ultimate tragedy of capitalism in our time, that it has achieved its dominance without regard to a social compact, without being connected to any other metric for human progress.
We understand profit. In my country we measure things by profit. We listen to the Wall Street analysts. They tell us what we’re supposed to do every quarter. The quarterly report is God. Turn to face God. Turn to face Mecca, you know. Did you make your number? Did you not make your number? Do you want your bonus? Do you not want your bonus?
And that notion that capital is the metric, that profit is the metric by which we’re going to measure the health of our society is one of the fundamental mistakes of the last 30 years. I would date it in my country to about 1980 exactly, and it has triumphed.”
What do you think?