I know there’s a lot of interesting stuff going on… what with all the face-eating bacteria and flesh-eating humans, but there is actually something else going on. The ‘business of America is business’ reality is actually taking over the country. The University of Virginia, founded by the revered Thomas Jefferson, is about to become the unofficial Citizens United test case for just how much can be run into the ground looted and sold bankrupted just like a business:
For as much as this has been described as “remarkable” and “unprecedented,” I can’t help but see it as the microcosm of a dynamic playing out in our politics and across our public institutions. The constant denigration of government and public service, coupled with the often unjustified veneration of business, has led to a world where successful capitalists are privileged in all discussions. In an earlier time, we understood that the values and priorities of the market weren’t universally applicable; of course you wouldn’t run a university like a business. It has different goals, serves different constituencies, and more important, has a broad obligation to serve the public.
The same goes for government. The Postal Service has never been a money-making operation, but that’s never been the point; as a country, we agreed that everyone should be connected, even if it doesn’t pay for itself. The value of public-spiritedness trumped the goal of profitability. You could say the same for Social Security, Medicaid, Pell Grants, Amtrak, etc. These programs should be judged by whether they accomplish the goals of our society—a safety net for the poor, help for the young, assistance for the old—and not whether they meet the metrics of a business. If they need reform to meet their goals, then we should move in that direction. But handing to them to the private sector, or running them like a business, won’t automatically solve their problems or make them better.
For the last thirty years, however, we’ve deferred to capitalists and businesspeople in nearly all decisions. A handful of rich people think they know how to run the economy? Great, we’ll let them take care of it. A few billionaires think they know what’s wrong with our education system? Well, we should listen to them!
It’s almost like 1876 all over again, except instead now with more updated, completely content-free b-school jargon.