392. Greed and urge to
manifestation
Theories of capitalism
usually depart from the assumption of greed: the urge towards profit and
income. People are driven to pursue them to survive, in a job or in a market,
under the regime of competition, in shareholder capitalism.
But perhaps more
important than greed and survival is the urge to manifest oneself: to ‘make a
difference’, to be noticed, acquire attention or power. Salaries are not only
sources of income but also signals of success in a power game.
The philosopher Plato
spoke of reason as a charioteer that tries to reignin two horses: one of eros, desire, and one of thymos, the urge to self-manifestation. The
philosopher Spinoza called it conatus. The
philosopher Niezsche claimed that the urge to power is stronger than the urge
towards survival.
One can appreciate
that: it is also the urge of ambition, to ‘make something of your life’, and to
‘make a contribution to society’. That is also, more than profit, a drive for
independent entrepreneurs. And they feel wronged when set aside as mere money
grabbers.
An outcome of a
mountain of research on happiness is that happiness consists of a combination
of ‘pleasure and purpose’, in giving ‘sense’ to life. That concerns something bigger
than yourself, or transcendence. That
can be vertical, towards a God or heaven, but also horizontal, towards society.
Not one’s own immortality but a contribution to what you leave behind at death.
And if in that you make the best use of your talents, that can be pleasurable.
Then the drive to
manifestation can be a virtue, and virtue ethics makes room for it, provided it
is accompanied by, or is held in check, by the charioteer, in virtues of
reason, moderation and justice.
However, success often
leads to a neglect of such virtues, in self-aggrandisement, a feeling of being
superior, elevated, ‘beyond the law’.
Money and manifestation
are both addictive, not only for managers but also for stars in thirst for
applause, and for scientists in search of publication scores and citations.
In capitalism, both
greed and the urge for self-manifestation have become institutionalised,
ingrained, in business culture, fed by managers having followed courses in
economics in which they were told that self-interest rules supreme, as the
motor of the economy. It has become an internal ethic that drives careers, salaries,
and bonuses.
When confronted with
increasingly vociferous critique from society, the inmates of these
institutions honestly feel treated unfairly: they are only doing what society
needs. Even supervisory boards of firms, having the task to correct management,
go along, because those boards are recruited from the wider population of
managers of other firms, sharing the same internal ethics and habits of
thought.
So, part of the change
needed is to compose such boards differently, with people not only from other
firms, and not only as representatives of shareholders, but also from other
groups of ‘stakeholders’, such as employees, customers, suppliers, local
communities, and society at large, in particular with a view to the longer term
future, in the interests of future generations and the environment.
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