Can humanity steer the economy according to some guiding values?
Yes. The economy is a collection of choices that are inter-related because each choice can have an effect on other choices, and entire collections of choices make collective movements of choices. That's why the economy depends a lot on mood.
But mood also depends a lot on the economy. If our choices are seen as limited by the economy then the economy has begun to structure individual and collective units of people. So if the economy is a collective of choices and these choices create moods and moods affect the perception of choice, then humanity has to struggle to change the economy's structure by changing its choices and thereby changing humanity's mood. That's why there should be a "positive" relationship between "work" and "mood", a struggle leads to positive change.
In other words, some might say that the economy ultimately depends on the natural world (see for example Worster's Nature's Economy) and while this is true in a biological sense (our ability to stay alive) what we mean by "the natural world" changes, in fact its meanings are nearly limitless. So, yes, we have to eat; but there are a range of choices that shape and impact on how we eat:
- what we eat varies cross-culturally
- depends on the economy
- depends on how we manage the economy
- depends on how our management affects other factors
You can see that finding a balance between the choice/constraint experience of being alive is itself part of a choice/constraint reality in which each of us struggles to make the "right" choices.
And we choose to struggle to convince others to make certain choices too. That is how I'm seeing the world now.
We've got everything, but we do nothing? What qualifies as doing something? Do I believe that putting together assumptions qualifies as work? What is work? Do you have to get paid? Could I get paid? What would happen if I didnt'?
These questions help us understand the psychological impact of the economy on the choices we perceive and the choices we make. The above questions are ones I've asked myself as I sit here at home planning my time, juggling an 18hr/week contract at Ryerson U and thinking about career options. What "careers" do I perceive and how "successful" will I be trying to achieve these? The answers to these questions depend a lot on my mood, the choices I perceive, the actions I take and the reactions of others.
But I'm not just talking about getting a job; I'm talking about what kind of work needs to be done and the possibilities of doing it.
Technology
Technology is an issue that affects the economy (mood and choices). It is an example of an issue caught within a tension between creating positive change and steering change without any positive impact on mood (besides short term financial gain). Technology always has its foot in the door: whether its the laptop you work with, the recording equipment, the desk, chair, or plasma TV --- all of these things have been created and improved by technology. But is making better computers, desks, chairs, music, TVs etc. the most important work that humanity has to do? Its importance is, however, evidence of how the economy, the work-mood-choice complex, is structuring our lives and our economies in particular ways that do not match our priorities, or at least what I would argue should be our priorities. Here are some contrasts:
$military spending vs. $Health care
$education vs. $Hollywood cinema
And technology is part of all of these budgets. So it is not that technology is not needed, but that the direction of technological research and its application must fit with the kind of work that needs to happen, not just the kind of work that creates profit.
So is the economy necessarily profit seeking or can it play a role in supporting our values? What counts as profit? Commodification means that anything can be turned into money, and if money is all we consider profit then we either commodify in ways that support our values or we commodify in ways that don't. If we choose the latter option our mood will likely suffer (even if there are some short term gains). If we choose the former, then we believe there is a possibility that the economy can shift in a positive way--a way that supports our values and can make our moods better over time. We can reinvent the economy.
Values
Values are a big part of this thinking about the economy. It would seem that we need a consensus on what is valued, indeed, on who "we" are. This is at first a daunting necessity, so much so that I ask myself: is it a necessity? What would be the implication of considering consensus a necessity for changing the work-mood-choice complex? Consensus can take different forms that range from "complete agreement" (rarely feasible) to "willing to play along." And consensus is not final: it can change over time. But it is the possibility of change that keeps a consensus on values worth pursuing: so long as the changes "we" accept are the ones that support our values.
Education
What I have described so far has some parallels with higher education. According to the educational developers George Kuh and associates, universities require a mission, operating philosophy, a common culture, measures of success and accountability. In other words, there are principles that can guide how universities see themselves and steer themselves. Can governments play a similar role steering the economy?
Music and popular culture
I'd like to talk a bit about indie rock music, some of the themes I see, and their ties to changing the economy's mood-work-choice complex in positive ways. Take Belle & Sebastian and the song "Century of Fakers"....