The Gospel of Wealth


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While reading part 1 of Down with the Old Canoe by Steven Biel, I was struck by the intense moralization that the titanic caused. It was especially striking that while mainstream newspapers saw the Titanic as a symbol of fearless chivalry and as the justification of wealth, many American pastors saw this a a sign of God’s punishment for mans excess and hubris. This leads me to agree with Wells’ post that the Titanic crash had no inherent meaning, but it was a blank slate for people to project meaning onto based on the emotions they were feeling at the time. Of the meanings that people projected onto the disaster, the one I found to be most interesting and controversial was the idea that the noble wealthy men sacrificed themselves for the sake of the poor and the immigrants, but that these “underclass” citizens were undeserving.

The idea that the wealthy are inherently moral seems strange for this time period. As the nation shifted from the Gilded Age to the Progressive Era, more Americans started viewing large companies as bad for society and the wealthy as immoral and only looking out for themselves. Why then is an entire segment of society seeing the Titanic as a validation for the wealthy. At first I assumed that all of the newspapers reporting these stories would be from places like New York, where the readership was the industrial elite, but newspapers from all over the country were reporting this very story. On page 43 Biel quotes a Denver columnist who writes about the “disease-bitten child whose life is at best less than worthless, goes to safety.” What was in my mind the most interesting paradox was that for many the wealthy proved their right to live by dying, while the poor showed they were fit for death by living. There is a certain chivalric notion to that statement that I think one would be hard pressed to find in our modern era. Speaking of the modern times, I was trying to imagine a newspaper running an article like the Denver paper did in our time, and at first I thought it could never happen. As I thought more about it, the way most American newspapers report on the Wars in Iraq and Afghanistan have a similar tone. While I think it is important that we hear about and honor our dead soldiers, far more innocent Iraqi and Afghani civilians have been killed in the conflict and that is often not reported on, and when it is it is more of a side note.

Keynes loves SoCal


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What really struck me about the readings for today is the deep economic implications that disasters and potential disasters have. I really liked Betsy’s analysis of Steinberg’s claim that the business elites of San Francisco cried “fire” and not “earthquake” to ensure that capital continued to flow into the city. The assertion that this was a freak accident was not just lying to ensure the flow of capital, but Californians really did refuse to accept the dangerous environment that they were living in. Since so much has been written about Steinberg, and because I find that Davis provides some unique and compelling economic arguments, I am choosing to focus on Los Angeles and its disaster culture.

I first found it really interesting that disasters in Los Angeles can essentially be used to prove Keynesian economics correct. Davis quotes a veteran reporter who claimed, “For the Clinton Administration, the Los Angeles earthquake has provided a politically salable reason for doing what it has sought to do for most of its first year in power: pump billions of dollars into Southern California’s ailing economy.” (Davis 48) After relief was provided, especially to economically important sectors, (transportation, technology and the wealthy) the economy of SoCal began to heat up again and return to its status as the most economically productive region of the country. For me this both strongly affirmed the legitimacy of Keynesian economics and highlighted the usefulness of disasters in testing economic theory because essentially post-disaster the entire economy needs to be rebuilt.

I also think it is worth noting that in terms of disaster relief, not much has changed since the Gilded Age, the policy is help the wealthy first, and maybe help the poor if there is still enough time and money left. The image of the houses of the rich in Malibu being rebuilt very quickly and with federal money, while poor elderly minorities were homeless really stuck out to me. This image also reminded me of what we learned about the San Francisco earthquake where the wealthy whites used the earthquake as an excuse to shoot the poor chinese and even had government permission. This government sanctioned inequality provides for an complex ethical debate. Who should we help first? While the poor need it most, the wealthy are most important to getting the economy back on track. It is a complicated issue with no clear answer.