It’s sort of a article of faith among many in this country that what drives America, what keeps it strong, and what should be defended at all costs is the country’s corporate-business sector. And not just defended, but pampered, and given huge bailouts and vast tax credits/breaks in times of economic downturn (even when said corporations have turned huge profits).
Why corporations shouldn’t be expected to pull up their socks like everyone else during a time of retrenchment and is beyond me. If ordinary Americans are downsizing, tightening the belt, and making do the best they can as they wait out the downturn, why shouldn’t corporations (and their greedy stockholders) do the same? After all, we’re all in this together, right? If corporations aim to make as much money as they can off the backs of ordinary Americans, exploiting loopholes, taking tax breaks, and otherwise squashing ordinary people’s hope for economic opportunity, well, more power to them. But then, after all, who will be left to be customers for these corporations?
The problem with our national obeisance to corporate business interests above all else is thrown into sharp relief when you consider that most of our continuing economic malaise — and, in particular, our continued high unemployment — has been caused by this very same corporate greed. To put it another way, most of the blame for the hiccups during the sputtering 2010 economic recovery can be attributed to the business sector. Witness: According to a recent Chronicle of Philosophy article, a new analysis of government data made by the Center for Civil Society at Johns Hopkins University shows that between the second quarter of 2007 and the second quarter of 2009 for-profit businesses shed jobs by an average rate of 3.3 percent a year. The continued problem of high unemployment is being caused by corporations that are simply unwilling to hire workers.
Ironically, while the very corporations that so many Americans seek to protect and coddle are at the root cause of our economic problems here and now, a more heroically productive segment of the economy is one that most Americans feel less love for. That is, despite all that our beloved corporate America, with all its blind and relentless greed, is doing to hold down the rest of the country, there is, according to the John Hopkins study, an alternative model to the corporate one. There is, in fact, quite a heroic model of economic activity; one that, despite national antipathy, is striving constantly to find a way toward national recovery. It is an economic model that has been creating jobs during the same period studied (4.6 percent job growth per year v. the corporate decline of 3.3 percent), and it is an economic model that has investing money in buildings and infrastructure and keeping more than its share of people engaged and entertained. That this economic engine has performed its economic miracle even in the midst of widespread and jealous antipathy from ordinary Americans (who tend to look at these heroes with the skepticism they should probably steer toward corporations) is even more heroic and admirable when you consider that this engine performed these miracles without touching hardly a red cent of the economic stimulus money so sloppily tossed at so many other greedy sectors of our economy.
I’m talking, of course, about the arts. It was in the arts that jobs grew, despite all the endless national pressure to cut art funding and leave the artists high-and-dry, by 4.6 percent between 2007 and 2009. It was the artists and the arts people who fought harder than any corporation has to save jobs and ensure a swift economic recovery for all in this country — and all while doing his or her best to keep us enlightened, entertained, and distracted from our various woes and burdens.
So next time you see an artist, be sure to shake his or her hand for working harder than most to keep the American dream alive.
Artists, the new economic champions of a future American recovery.