The extent to which modern governments hand out money causes a similar effect across western societies. They would not be as able to do this as much if their currencies were still on the gold standard, because it would be more obvious that they are insolvent.
modern governments
western societies
gold standard
insolvent
I’m afraid, if you’re actually trying to advance an argument, you’re going to need to be slightly more specific. Which government, in which society? Perhaps you will say, “all of the western governments”. Very well. Then which gold standard? I will remind you that “western societies” including Germany, the UK, and the US exited and entered the “gold standard”, or swapped out various forms of “gold standard”, all throughout the 20th century. Was Britain in 1931 or Germany in 1914 lacking in valor? I’m by no means an economic historian, and this is just wikipedia talking.
And even when countries obeyed the “gold standard”, policies varied strongly between regions, including how much currency could be redeemed for how much gold, whether citizens could redeem gold directly, the status of gold as a commodity, the trade of gold between countries etc. In what combination of policies can we find your notion of “honest work for honest pay”? Does virtue’s just reward include the ability to hold gold sovereigns as private property to be redeemed at any time at a national bank, or to exchange gold bullion across national borders? If so, at what exchange rates?
And what does “insolvent” mean? After world war II the world’s currencies were arranged such that the US dollar was the world’s reserve currency as part of the Bretton Woods agreement. The US obtained an exorbitant privilege, in that it could print paper and get money while other countries needed to produce goods or services. Was this the point at which the US became, as you say, “insolvent”? Yet it was the paramount superpower at the time, and the value of its currency was (supposedly) backed by gold—until it decided to break from the gold standard under Nixon and still more or less retained that privilege. But was America’s massive spending during the post world war II period and the Cold War (all powered directly or indirectly by this exorbitant privilege) a sign of degeneracy and decay? Surely not.
Okay, let us limit ourselves to the post-cold war, post-bretton woods period. To identify exactly where you think this massive amount of spending rewarding the non-virtuous is going, you’re going to need to leave the realm of abstract metaphor and actually state what you think your virtues are. Because the way I see it, in America social programs and government pensions are both now and in the past consistently some of the largest sources of federal spending. This is, as I understand it, also true in most European nations. Perhaps the “other people who are rewarded for slacking off” you are referring to are the poor, the sick, the young, and the elderly? In that case you should say so directly.
There are so many more issues missing from your view of labour, economics, virtue, and social organisation that I would be doing most theories a disservice to call it a theory. It is telling that, for example, you make no mention of oil in your comment. Oil a resource which has become so vital to the value of currency between nations that the US dollar is sometimes referred to as the petrodollar (since it is the international currency by which oil is priced). And if the societies of today are truly “insolvent”, I suspect that you will find it hard to find historical examples of “solvent” societies with which to compare them. National banks, international debt, and modern nation states as you would recognise them did not truly arise until maybe the 19th century. Before that, the fundamental notion of currency and obligation was entirely different in Europe, since most people lived in a feudal system. Serfs and people bonded to the land paid taxes not in gold but in goods, and did not receive payment for their work in currency either. We are living in possibly the first time in history that arguments about national solvency can be made, and economic data on this issue doesn’t really go back more than a century at best.
But there is a deeper issue at stake here. Why am I hounding you so much on these issues? From where do I get my sudden insistence on exactitude and rigour? After all, we should beware isolated demands for rigour. However, you are not raising these ideas as independent thoughts, but as a cluster. A cluster which points to a poorly defined yet pervasive moral and social degeneracy in modern society. A cluster which uses a vision of historic and traditional virtue as a high ideal, but cannot quite articulate what exact virtues it is chasing after. A cluster that makes vague and incoherent attempts to summarise and criticise modern institutions and economic systems. A cluster that invokes an explicitly racially and ethnically coded “people” as its core group, to be defended from “the others”, groups who are both culturally incompatible and an existential threat if they are allowed to integrate. A cluster that denigrates public servants, university intellectuals, and cultural elites as hopelessly perverse and degenerate in their cosmopolitanism. A cluster that frames the fear of difference as wise and justified. Yes, I will use that word.
I will repeat again, at the risk of sounding a bit like a broken record, that every time ethnonationalism is embraced the groups that are othered become framed as an existential threat to the majority. Calls for forcible relocation and elimination of the other in the name of the health and hygiene of the community become unavoidable. This is a pattern that worked its way through Europe during the two world wars, through the Partition of India and the later rise of the BJP, through the Rwandan and Rohingya Genocides, and through the Middle East today. The situation in Europe and America is already volatile. You are not being clever when you fan the flames. You are not so in control of the narrative that you can add just that touch of ethnic pride back into the meme pool to precisely steer society to an optimal maxima. People will get hurt, lose their homes and families, and most likely die.
If you press them too closely, they will abruptly fall silent, loftily indicating by some phrase that the time for argument is past.
Jean-Paul Sartre
I sincerely believe that people will get hurt if these ideas return to society at large, Richard. Please don’t do this.