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Growth Without Virtue

Posted on August 18, 2020August 18, 2020

https://americanmind.org/features/the-coronacrisis-and-our-future-discontents/growth-without-virtue/

Fortunately, as the coronavirus meticulously interrupts all aspects of daily life, many regular citizens are beginning to question the wisdom of our current economic arrangement. In quarantined cities, households are beginning to reorganize themselves along traditional lines, even reviving the cottage industries to produce masks and sanitizer. Telecommuters may not want to return to brutal commutes and endless meetings; working mothers are realizing that being home with the kids isn’t as bad as they feared.

While the virus is shaking our foundations, we have an opportunity: to set our sights further and higher. Imagine if instead of asking Americans to “get down to Disney World in Florida,” as President Bush famously advised after 9/11, the ruling class asked every American institution—from the working-class family to the Federal Reserve—to shore up their balance sheets and always be prepared for a downturn.

Christopher Rufo is the director of the Discovery Institute’s Center on Wealth & Poverty. He has directed four films for PBS, including “America Lost,” which tells the story of three forgotten American cities.

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