Peggy Noonan: A little perspective for the pessimistic "age of the empty suit"
... Who was in charge? Who was in authority? The biggest swindle in all financial history if the figure of $50 billion is to be believed, and nobody knew about it, supposedly, but the swindler himself. The government didn't notice, just as it didn't notice the prevalence of bad debts that would bring down America's great investment banks.
All this has hastened and added to the real decline in faith—the collapse in faith—the past few years in our institutions. Not only in Wall Street but in our entire economy, and in government. And of course there's Blago. But the disturbing thing there is that it seems to have inspired more mirth than anger. Did any of your friends say they were truly shocked? Mine either.
The reigning ethos seems to be every man for himself.
An old friend in a position of some authority in Washington told me the other day, from out of nowhere, that a hard part of his job is that there's no one to talk to. I didn't understand at first. He's surrounded by people, his whole life is one long interaction. He explained that he doesn't have really thoughtful people to talk to in government, wise men, people taking the long view and going forth each day with a sense of deep time, and a sense of responsibility for the future. There's no one to go to for advice.
He senses the absence too.
It's a void that's governing us.
And this as much as anything has contributed to the sense you pick up that people feel all trends lead downward from here, that the great days of America Rising are over, that the best is not yet to come but has already been. It is so non-American, so unlike us, to think this, and yet one picks it up everywhere, between the lines and in asides. The other night a man told me of his four children, and I congratulated him on bringing up so many. From nowhere he said, "I worry about their future." At another time he would have said, "Billy wants to be a doctor."
People are angry but don't have a plan, and they'll give the incoming president unprecedented latitude and sympathy, cheering him on. I told a friend it feels like a necessary patriotic act to be supportive of him, and she said, "Oh hell, it's a necessary selfish act—I want him to do well so I survive. We all do!"
This is a good time to remember who we are, or rather just a few small facts of who we are. We are the largest and most technologically powerful economy in the world, the leading industrial power of the world, and the wealthiest nation in the world. "There's a lot of ruin in a nation," said Adam Smith. There's a lot of ruin in a great economy, too. We are the oldest continuing democracy in the world, operating, since March 4, 1789, under a vibrant and enduring constitution that was formed by geniuses and is revered, still, coast to coast. We don't make refugees, we admit them. When the rich of the world get sick, they come here to be treated, and when their children come of age, they send them here to our universities. We have a supple political system open to reform, and a wildly diverse culture that has moments of stress but plenty of give....
Read entire article at WSJ
All this has hastened and added to the real decline in faith—the collapse in faith—the past few years in our institutions. Not only in Wall Street but in our entire economy, and in government. And of course there's Blago. But the disturbing thing there is that it seems to have inspired more mirth than anger. Did any of your friends say they were truly shocked? Mine either.
The reigning ethos seems to be every man for himself.
An old friend in a position of some authority in Washington told me the other day, from out of nowhere, that a hard part of his job is that there's no one to talk to. I didn't understand at first. He's surrounded by people, his whole life is one long interaction. He explained that he doesn't have really thoughtful people to talk to in government, wise men, people taking the long view and going forth each day with a sense of deep time, and a sense of responsibility for the future. There's no one to go to for advice.
He senses the absence too.
It's a void that's governing us.
And this as much as anything has contributed to the sense you pick up that people feel all trends lead downward from here, that the great days of America Rising are over, that the best is not yet to come but has already been. It is so non-American, so unlike us, to think this, and yet one picks it up everywhere, between the lines and in asides. The other night a man told me of his four children, and I congratulated him on bringing up so many. From nowhere he said, "I worry about their future." At another time he would have said, "Billy wants to be a doctor."
People are angry but don't have a plan, and they'll give the incoming president unprecedented latitude and sympathy, cheering him on. I told a friend it feels like a necessary patriotic act to be supportive of him, and she said, "Oh hell, it's a necessary selfish act—I want him to do well so I survive. We all do!"
This is a good time to remember who we are, or rather just a few small facts of who we are. We are the largest and most technologically powerful economy in the world, the leading industrial power of the world, and the wealthiest nation in the world. "There's a lot of ruin in a nation," said Adam Smith. There's a lot of ruin in a great economy, too. We are the oldest continuing democracy in the world, operating, since March 4, 1789, under a vibrant and enduring constitution that was formed by geniuses and is revered, still, coast to coast. We don't make refugees, we admit them. When the rich of the world get sick, they come here to be treated, and when their children come of age, they send them here to our universities. We have a supple political system open to reform, and a wildly diverse culture that has moments of stress but plenty of give....