Avvenire Editorials

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Commentary – The market and human relationships.

By Luigino Bruni

Published in Avvenire on May 5, 2013

logo_avvenireMovie theaters are not only businesses but a unique means to build relationships. However, lately a great number of them have had to close down due to the crisis. Unfortunately, they have been replaced by goods that better respond to the demands of today's consumeristic, lonely individuals. Some believe this change is a result of the law of the market. I agree that the market does sell goods against loneliness, and that the demand for such goods was created by the market itself. However, only a sector of the market.

[fulltext] =>

One does not need to read economic and sociological studies to recognize the significant difference between going to a movie theater versus a “home-theater experience”; this difference is especially pronounced when the first is experienced with friends and the second while alone in front of a PC. To go to the movies with friends implies an investment of time. One has to dress up, go to the theater, and discuss which film to see with others. Often the final selection differs from one's personal preference (thanks to friends, I have discovered many splendid movies that I would not have otherwise seen). Friends talk to each other before, during and, most importantly, after the film. Thus, the movie, which on its own is a simple consumer good, brings people together and becomes a relational good; such goods are produced or consumed together as a shared experience. The shared emotions elicited during certain scenes can be so enjoyable that one will go again to the movies with other friends (hoping to experience the same mutual feelings again). In fact, two and a half centuries ago, Adam Smith wrote that shared emotions are one of the major sources of people's happiness. When one watches a movie alone at home or on the TV, there are hardly any shared emotions and relational goods involved; seeing Amarcord in a theater is completely different from seeing it on a PC. These two experiences represent two very different categories of goods, which, unfortunately, are considered by the market to be equivalent.

Let's explore this topic further. In the recent past, people had to interact with others if they wanted to “consume” certain goods (like art, culture, celebrations, music, religion, sports, politics, games, schools, therapy, etc.). Thus, people were inextricably linked to relational goods. Music was enjoyed in concert halls or ballrooms, sport in stadiums and movies in crowded movie theaters. Today, the market allows us to separate the relational aspect from many goods, leaving only the individual component. For example, I can listen to my iPod alone on my run in the park. Although I pass many other lonely runners, I don't actually meet anyone. Later, if I feel like doing so, I can hang out with friends. The same is applied to films, politics (rallies were replaced by monologues on TV) and even universities (there are people who enroll in online programs and get their degree without interacting with anyone). Human interaction has been removed from a great many products. The 'me and you' relationship has been replaced by 'me and a product' and 'you and a product'. A possible 'us' is always postponed for the future.

This is the kind of humanism that the capitalist market (not just any market), individuals and the freedom of choice have brought about. These Western and Christian-rooted values set people free from many obligatory relationships; the required “spheres” of life that their loved ones have no part in. However, one should read through research about the well-being of humans before evaluating the market's influence on people and trying to reform it. Over the last few decades, the consumption of relation-free goods has radically increased. Due to market competition and technological progress, consumer goods cost less today than ever before, as far as money and, more importantly, time are concerned.

It is easier and cheaper than ever to watch a movie at home; one doesn't even need to get out of bed! On the other hand, going to the movies or exercising with friends doesn't cost less than a hundred years ago, and investing in friends and family requires pretty much the same sacrifice (time, resources, love, …) as a thousand years ago. Besides, investing in friendship is risky because you may get hurt if your friends do not reciprocate. A very simple economic law teaches us that if we drastically reduce the price of a (consumer) good and keep the other constant (relational good), the latter will become much more “expensive” than the former. In other words, as the market separates products from relationships (in the name of freedom), the cost of relational goods continues to increase. “Days ago,” a friend told me, “I asked my Dad to come see my wife singing in a chorus. I rang the bell and he said he'd changed his mind. I didn't insist. It was raining and I knew that dressing up and leaving was much more “costly” than watching a movie on the living room couch.” He then added, “but he probably regretted his decision the next day.” What can be done about all this? Not much, but we should definitely support social goods by taxing consumer goods (we should particularly promote relational goods since a lack of personal ties makes people unhappy). We can also make use of education to bring about change.

Schools should educate their students about consumption and differences between types of goods; they must teach students how to distinguish consumer goods, which are here today and gone tomorrow, from relational goods, which are real investments for a good life. Furthermore, technology should serve to improve human relationships. For example, social groups and parishes can easily set a private “movie theater” with an inexpensive video projector and revive the magic and the joy of shared experiences. We must promote community building; the loss of community has impoverished us all.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial

Translated by Cristian Sebok

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Commentary – The market and human relationships.

By Luigino Bruni

Published in Avvenire on May 5, 2013

logo_avvenireMovie theaters are not only businesses but a unique means to build relationships. However, lately a great number of them have had to close down due to the crisis. Unfortunately, they have been replaced by goods that better respond to the demands of today's consumeristic, lonely individuals. Some believe this change is a result of the law of the market. I agree that the market does sell goods against loneliness, and that the demand for such goods was created by the market itself. However, only a sector of the market.

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Back to the Theaters

Back to the Theaters

Commentary – The market and human relationships. By Luigino Bruni Published in Avvenire on May 5, 2013 Movie theaters are not only businesses but a unique means to build relationships. However, lately a great number of them have had to close down due to the crisis. Unfortunately, they...
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Commentary – Italy and today's May Day celebration.

By Luigino Bruni

Pubblished in Avvenire on May 1, 2013

logo_avvenireThis year May Day is celebrated with mixed emotions. Today we celebrate labor (which is always a good thing) while remembering its absence. Those who lost their jobs and the young people unable to find work may shed tears or even fall into depression while others rejoice. The youth implore us, more than ever, to listen to them and stand by their side. Nevertheless, we should celebrate labor since the ability of festivities to lift people's sprits becomes even more precious during hard times. Otherwise, people begin to feel like the Hebrews in the desert and crave the 'onions' they used to receive as slaves in Egypt.

[fulltext] =>

We can only consider today a holiday for all Italians if we don't forget those without work (they need workdays instead of holidays!). May Day and the 2nd of June are meant to be a singular celebration praising labor as the main pillar of the Republic. In fact, when that essential pillar is fragile, insecure, and inadequate, our common house crumbles. The shameful unemployment ratio should be cut down to zero as soon as possible. Doing so is more important than any tax cut if we wish to keep our “common house” standing. Similar to other shortages in the past, the dramatic scarcity of employment today stands in stark contrast to the opulence of a few people. The super-rich do nothing to relieve the never ending struggle of the poor or ordinary people. The latter are in fact further exploited by the wealthy.

What labor and which workers do we celebrate today? This is a difficult yet necessary question to keep in mind. Labor is democracy's common denominator. Workers are all equal (to a certain extent) regardless of their salary, function, position or social class. In fact, since labor generates civil equality – and unemployment combines with speculation to destroy it –, labor is the first word of our Republic; we will continue to defend it as such.

The 1st of May is a day of celebration for workers and millionaire entrepreneurs, women who support gambling addicted husbands and the employees of casinos, and managers of hedge funds and the workers of recently bankrupt companies (these businesses are usually sold to those hedge funds). Today is truly the holiday for all workers. However, this isn't the complete extent of what today's labor celebration really means.

The jobs of Carlo, a wealthy director, and Anna, a part-time employee, have some things in common and a lot of stark differences. The same is true when comparing the owner of the town's hypermarket to Giovanna, who spends her life savings to avoid firing her two employees and closing down her shop. Between Anna, Giovanna, and Carlo there are huge differences in power, privileges, rights, opportunities, freedom, pay-checks, and happiness in life (I wonder who is the happiest?).

Different kinds of work result in a varied quality of life and amount of dignity. Employment is a much better democratic indicator than finance and consumption. If the employee Luca buys a sport car (running up debt), the car dealer will treat him the same as his boss or any other super-rich customer. He will then feel like a director, a mayor, or a governor as he drives his nice car. Consumption allows us to understand the symbolic power of modern goods that guarantees a certain aspect of democracy, but this aspect alone is fragile and superficial. As a matter of fact, when Luca returns to work, he immediately realizes that he is not similar to his boss. If he loses his job, the car dealer and the bank manager will drastically change their attitudes toward him; Luca will suddenly be treated like feudal servant.

May Day reminds us that modern society was founded on the promise that (fair) employment would be a great equalizer, reducing the differences in rights, opportunities, effective freedom, and dignity between people. Until a few decades ago, this promise was being partially fulfilled as differences between workers and bosses decreased; the divide was no longer as great as it had been between a serf and his lord.

Employment contracts are meant to connect classes, various interests, and people together as a society, creating a network of solidarity that should one day cover the world. Labor is highly dignifying since it binds people together through win-win relationships and civil friendship. It can and should be a bridge between the different levels of society. However, financial capitalism has increased the social and economic divide. Today's bosses are becoming ever more like the old feudal landlords. That's why I believe that this Labor Day should be dedicated to Anna, Giovanna, and Luca.

Although the holiday is for everyone, it sides with labor while criticizing Carlo's attitude. We invite him to bring about personal changes that help renew the system. This day teaches us not to give up as long as differences exist between the effective freedom, rights, opportunities, and dignity of people; we must reduce and close this divide. Italy is a democratic republic founded on labor.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial

Translated by Cristian Sebok

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Commentary – Italy and today's May Day celebration.

By Luigino Bruni

Pubblished in Avvenire on May 1, 2013

logo_avvenireThis year May Day is celebrated with mixed emotions. Today we celebrate labor (which is always a good thing) while remembering its absence. Those who lost their jobs and the young people unable to find work may shed tears or even fall into depression while others rejoice. The youth implore us, more than ever, to listen to them and stand by their side. Nevertheless, we should celebrate labor since the ability of festivities to lift people's sprits becomes even more precious during hard times. Otherwise, people begin to feel like the Hebrews in the desert and crave the 'onions' they used to receive as slaves in Egypt.

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A Holiday of Responsibility and Hope

A Holiday of Responsibility and Hope

Commentary – Italy and today's May Day celebration. By Luigino Bruni Pubblished in Avvenire on May 1, 2013 This year May Day is celebrated with mixed emotions. Today we celebrate labor (which is always a good thing) while remembering its absence. Those who lost their jobs and the young people unable...
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    [title] => Eyes that Encourage Recovery
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Commentary – Genovesi's call to Italy (and South of Europe): Be yourself!

By Luigino Bruni

Published in Avvenire on April 28, 2013

logo_avvenireThe connected, interdependent networks making up the market economy can bring about both wonderful and terrifying outcomes. In times of prosperity, wealth is distributed among everyone, while during depressions problems are interconnected and amplified; the virtue of interdependence is replaced by a vicious cycle of people inflicting losses on one another. Customers don't pay, banks don't loan, and suppliers don't receive payment and are unable to pay their own debts. This process, like a maelstrom, spirals ever downwards swallowing factories, jobs, houses, lives.

[fulltext] =>

Throughout Italy, but particularly in the South, and in southern Europe workers and the unemployed have been suffering. The crisis has canceled the economic development of the past two decades. I believe that it is possible that an economic recovery will make the South Europe's new center of gravity. Many talented people and potentialities from the South have been crushed and stifled by events in the recent and far past.

Latin and southern culture is full of blessings, but mainstream capitalists only see its wounds (shortcomings). Though we thought we had ended the unfortunate brain drain to the North, a new massive one has begun. The best of our young people migrate for “bread and dignity”. Southern Europe needs trust, esteem, and self-esteem; it needs “courage”, according to one of the fathers of Italy's Civil Economy, Antonio Genovesi. People today should read his works and more about him.

His book, Lessons of Civil Economy (a new edition will soon be released), is even more relevant today than back when it was written in 1765. Regarding southern Italy he wrote: “Their wines are served as nectar on the best tables, held in highest-esteem by England and even France, where Burgundy is intensely praised... It consists of counties covered with wool, linen, canapé, and various animal species; it is the country of cheese, wheat etc., and great minds... We should therefore have four times more money than the other nations; five times actually, if we include the oil, six for the wine, seven for the silk, and so on.” Therefore, the question is still the same: where is this money? “I'll never believe in the lack of talent – does one really think that colder climates produce sharper brains than warm ones? – nor in the absence of hard work;… I therefore conclude that we are short of courage and are misusing our labor.”

For Genovesi, the absence of “courage” and well-employed "labor" is due to: “The burden of finance encumbers the arts but not land and possessions. This has discouraged and devalued the arts.” These are indeed inspired words. The future of a nation is gloomy if it “discourages” and “devalues” the arts, i.e., if it taxes craftsmen and businesses while promoting speculation. In fact, our neo-feudal social and economic system (together with all other feudal regimes) is sustained by privileges that overvalue income from assets.

We have condemned this and will continue to do so. Genovesi saw quality and potential in the Italian economy and ingenuity in the soul of Italy and its people – besides their other evident attributes. He was aware though that, despite these virtues, there were also shortcomings; they are always present. In fact, after listing the virtues and merits of the kingdom, he pointed out that: “If a foreigner happens to read this article, he or she should keep in mind that I wrote it after chugging a dram of rhubarb on an empty stomach.” His optimistic writings inspired reforms and revolutions in the Kingdom of Naples. None managed to last long, but they were inspiring and followed by others.

The ability to promote pride and hope based on the national attributes of both past and present depends on the civil talent of governors and intellectuals; they can give a “soul” to the country. Through this they offer the people a “not yet fully realized” reality that is better than the one “already here” or which “once was”. When a nation doesn't have this ability, people only denigrate, criticize, curse, and infect each other with pessimism.

If we wish to boost our economy and civil society, we must produce income from art, culture, nature, history, food, wine, tourism, beauty, and the many other unique national and European assets. These are still under-valued and should be promoted, especially in the South. We are called upon to recover our economically productive identity. It is one not based on Germany or the USA, but based on the human and cultural capital we inherited from the past; this heritage is still capable of producing wealth. Our ancestors and nature have granted us extraordinary gifts: “Oh how bewildered are you! You have turned your back to nature that generously offers its true, long-lasting and blessed riches, and have followed bodiless bizarre fantasies. When will you ever wake up from these dreams?”.

Genovesi's words aren't enough, nor are the most inspiring thoughts from other philosophers or poets; much more is necessary to boost the economy. However, during hard times it is useful to seek help among the great visionaries; they can give us insights into how to find solutions from within and from the spirit of the world around us. Businesses, communities and people are bound together in a moral and civil network, which is full of hidden resources, goods and capital. If we are able to recognize this, we could produce jobs and income. Once a farmer told me: “I was hopeless. One morning though I walked out of my house and saw a warehouse. It had always been there, I just hadn't noticed it in the past years”.

Solutions are almost always under our noses, but in hard times we just don't see them. We are called upon to find our true capital and goods. The worst consequence of a crisis is when it blinds our souls and minds.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial

Translated by Cristian Sebok

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Commentary – Genovesi's call to Italy (and South of Europe): Be yourself!

By Luigino Bruni

Published in Avvenire on April 28, 2013

logo_avvenireThe connected, interdependent networks making up the market economy can bring about both wonderful and terrifying outcomes. In times of prosperity, wealth is distributed among everyone, while during depressions problems are interconnected and amplified; the virtue of interdependence is replaced by a vicious cycle of people inflicting losses on one another. Customers don't pay, banks don't loan, and suppliers don't receive payment and are unable to pay their own debts. This process, like a maelstrom, spirals ever downwards swallowing factories, jobs, houses, lives.

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Eyes that Encourage Recovery

Eyes that Encourage Recovery

Commentary – Genovesi's call to Italy (and South of Europe): Be yourself! By Luigino Bruni Published in Avvenire on April 28, 2013 The connected, interdependent networks making up the market economy can bring about both wonderful and terrifying outcomes. In times of prosperity, wealth is distributed...
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Commentary – Today's social blight: a crisis of “great depression”.

By Luigino Bruni

Published in Avvenire on April 21, 2013

logo_avvenireWhile the suicides of entrepreneurs and workers continue to hit the headlines, there's no news about the excessive involuntary “death” of businesses. The signs of a “great depression” are everywhere: chronic sorrow, lack of enthusiasm, loss of desire, and hopelessness. People do not enjoy life; they wake-up unready to face the day and meet people. They can only hope to do something worth remembering, something worth telling family members and friends.

[fulltext] =>

A meaningful life depends on the meaning of one's business, not only their labor. In China, I learned that the word “business” is surprisingly written with the ideograms “life” and “meaning”; it can be translated as “the meaning of life”. An entrepreneur once said to me, “I started up this business because I had something worth saying.”

Entrepreneurship and labor can provide one with a meaningful and purpose driven life. When in crisis, people are dismayed, lost, and unable to see the purpose of their journey; they are overcome by their troubles.

One of the great trials facing entrepreneurs today is the temptation to give up on their businesses by selling or closing them down. However, I believe some actually do need to be sold for the following reasons: if they are too weak to spur innovation, if heirs to the business don't intend to take it over, or if they weren't based on essential needs, but on an opportunity that is now gone – in fact one can make the most of an opportunity when it first arises, and yet still profit (though less favorably) when it's gone. When these and other good reasons compel entrepreneurs to sell their business, they experience that what an old valuable library's heir does when he is compelled to sell its books. He suffers, but the books are set free to be read again in new libraries.

Other businesses, however, should close down. These types of businesses have either come to the end of their life cycle, are functionless and depend on unaffordable investments to regain profitability, or are perversely kept going solely by speculation. These businesses bring to mind Manzoni's statement about “Donna Prassede”: “to say that she was dead, is to say it all”. When companies shut down, the owners and institutions should protect the workers from harm. Unfortunately, protecting workers, particularly during recessions, rarely happens.

On the other hand, some businesses should carry on while they still have something to “say”, stories to tell, room for innovation, and good products; sadly these also often cease their activities or are sold. These bad decisions are often due to personal and family crises that hinder the owners' belief in their business' future. Today depression strikes our entire society; people feel abandoned by the market, banks, and institutions. Personal crises are therefore amplified, becoming harsher and longer-lasting.

Many entrepreneurs are undergoing a moral and spiritual trial. They believe they are responsible for dragging their family, employees, and the community on a naïve and misguided adventure, which (they think) was built based on arrogance, pride and the failure to understand their own limits and resources. Illness, exhaustion, defamation, and accusations come along this hardship; selling or shutting down the business seem to be the only ways out of such an unbearable situation. Thus, for the business person, the sooner someone takes this burden away the better. What was once the “meaning” of life becomes a nightmare, particularly as the crisis reduces income and profit.

When this happens, regardless of the capital's origin and investment plans, enterprises are sold to any speculator, as long as they can convince the bank and, if necessary, the labor union to go along with them. Entrepreneurs, left alone by institutions and powerless against such adversity, are compelled to relinquish control of decades or sometimes centuries of family and community history and know-hows, which simply vanish into thin air. This is why the suicide of businesses is often followed by that of the businessmen. Records show that a terrifyingly large quantity of good companies have been irresponsibly shut down. We urge a change in conditions to assist entrepreneurs and workers who are undergoing these sorts of individual and collective trials. 

Past civilizations learned how to heal similar social blights (with rites, art, and myths). We are called upon to bring about the conditions necessary for this healing process, one which will not be determined by economists, fiscal consultants, or the (indispensable) institutions, but by humanitarians, hope-filled men and women who understand and heal people's troubled souls by listening and speaking (very little) to them.

Although communities can heal, our culture has separated businesses from the rest of life, excluded gifts from contracts, and split up love into eros and agape. Moreover, we have forgotten that entrepreneurs are normal people. We are blind to the individual, moral, and spiritual trial hidden behind the crisis of enterprise. These tribulations should be treated at a much more human level than that of business plans and bank loans (which are in any case very useful). To bring our worn-out businesses back to life, we should return meaning to the companies and lives of entrepreneurs and workers.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial

Translated by Cristian Sebok

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Commentary – Today's social blight: a crisis of “great depression”.

By Luigino Bruni

Published in Avvenire on April 21, 2013

logo_avvenireWhile the suicides of entrepreneurs and workers continue to hit the headlines, there's no news about the excessive involuntary “death” of businesses. The signs of a “great depression” are everywhere: chronic sorrow, lack of enthusiasm, loss of desire, and hopelessness. People do not enjoy life; they wake-up unready to face the day and meet people. They can only hope to do something worth remembering, something worth telling family members and friends.

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The Meaning of Business

The Meaning of Business

Commentary – Today's social blight: a crisis of “great depression”. By Luigino Bruni Published in Avvenire on April 21, 2013 While the suicides of entrepreneurs and workers continue to hit the headlines, there's no news about the excessive involuntary “death” of businesses. The signs of a ...
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Commentary – Recovering the purpose and productive capacity of capital to overcome the crisis.

By Luigino Bruni

Published in Avvenire on April 04, 2013

logo_avvenire

Crises, especially deep rooted and severe ones,  cause a loss of productive capacity in the economy and civil society, inhibiting the ability to create true economic, civil, political, cultural and scientific value; society unable to distinguish what is truly valuable. At the heart of the evolution of economies and civilizations is the following rule: when the productive power of society reaches its peak, its ability to continue to create ceases.  An economy's continued successes eventually extinguish societies' hopes and dynamism, which are both necessary for economic growth.

[fulltext] =>

History and today's emerging economies confirm this rule. China – where I am now –, the Philippines and Brazil are booming thanks to their civic engagement and their desire and drive, socially and individually,  to develop. In fact, in these countries you can feel that the people, particularly children and the poor, live lives full of joy.

Moral and spiritual resources are not inherently renewable and society consumes them; sooner or later they run out. It's a ruthless yet indispensable process that forces some people and countries to get off while allowing others to get on the merry-go-round of wealth and prosperity. When the economy is expanding, civil and economic forces guarantee that capital (stock) serves to create income (flow): farms, houses, real-estates, savings and shares are used to ramp up the income from labor (salaries) and business (profit). Capital is important in this phase as long as it creates more income and is reinvested in development and for the common good.

Hope is the virtue which guides this period of growth. It allows us to consider capital (real and financial) an instrument, the fruitful talents that one should put to work, that makes stocks the means to produce flows. Our hope in the future product of the investment, which is worth “five”, makes it more valuable than the existing capital, which is worth “a hundred”. In fact, the flow, income, represents the productive capacity of an individual or their company. Good wheat will not usually accumulate in the granary. Similarly, there is an essential difference between farmers and mercenaries, investments and mere accumulation, entrepreneurs, who promote growth, and speculators, who spawn decline.

People are happy and fruitful when wealth produces income, while miserable and barren when it is accumulated for it's own sake. In Latin cultures representations of working tools, children and fertile crops (Campania felix) have symbolized happiness (felicitas). In both past and present, children have been symbols of happiness and fertility for families and peoples. The art of great cultures has usually chosen greedy characters, not poor ones, as the main icons of unhappiness. Misers are rich yet miserable since they cannot partake in the joy of creation while protecting their possessions; they are like capital sent (deported) to fiscal paradises (tax havens).

Businesses, economic systems and civilizations decline when the goal of production and capital becomes merely a means to increase capital. When this happens, fear replaces hope, wheat fills up barns instead of sustaining workers, and workers are ignored by the system. In economic terms, crises start when income (flows) serves only to create capital (stocks), while profit and salaries are saved rather than reinvested. Thus, entrepreneurs, who successfully started the growth of these economic and civil cycles, become speculators. They gather together in social classes and work primarily to maintain their previously acquired wealth and privileges. During the phase of happiness, trust and cooperation prevail, inspiring people to work together in new ventures. When the decline begins, suspicion spreads, colleagues become rivals and everyone focuses on protecting their own slice of revenue from others, potential thieves. Deteriorating social relationships increase distrust as the others (not us) are considered dishonest tax evaders; their wealth is a risk to ours. However, when economy is doing well “the market teaches us to treat the wealth and richness of others with respect” (John Stuart Mill, 1848). The creation of new pies are important, not the slice size of the old ones. In Italy the situation is even worse. A Sicilian entrepreneur once said to me: “We are able to fight over pies that we'll never make”.

Our crisis reveals that we are destroying the civil and religious capital that fostered the miraculous economic and social development of the past decades. A new economic, civil and moral miracle is necessary. After the Second World War, our parents and grandparents made bricks from the ruins and rebuilt their houses; this reaction to the inhuman bloodshed of war,  became the cornerstone of Europe's new community. Today we too are called on to build a better world and must gather the necessary resources from the ruins to build new houses and a new eco-nomy. Although our debris aren't made of cement and dust, this crisis ravages houses, factories, churches; it claims new victims while creating heroes and resistance movements. In other words, to find the necessary resources to make bricks out of the rubble, we must dig deep; the best stones aren't on the surface. We must dig down to those buried stones, which are ignored – like our communitarian nature –, that are usually regarded as stumbling blocks and thrown away. It is essential that we save these stones and make them the cornerstones of our new homes, economy and labor market.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial menu.

Translated by Cristian Sebok

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Commentary – Recovering the purpose and productive capacity of capital to overcome the crisis.

By Luigino Bruni

Published in Avvenire on April 04, 2013

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Crises, especially deep rooted and severe ones,  cause a loss of productive capacity in the economy and civil society, inhibiting the ability to create true economic, civil, political, cultural and scientific value; society unable to distinguish what is truly valuable. At the heart of the evolution of economies and civilizations is the following rule: when the productive power of society reaches its peak, its ability to continue to create ceases.  An economy's continued successes eventually extinguish societies' hopes and dynamism, which are both necessary for economic growth.

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Five and a Hundred

Five and a Hundred

Commentary – Recovering the purpose and productive capacity of capital to overcome the crisis. By Luigino Bruni Published in Avvenire on April 04, 2013 Crises, especially deep rooted and severe ones,  cause a loss of productive capacity in the economy and civil society, inhibiting the ability ...
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    [title] => Dismantling the Trap
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Commentary – Italy and Europe, government and business

By Luigino Bruni

Published in Avvenire on April 07, 2013

logo_avvenire

We are caught in a trap of poverty and are witnessing its distinct cycle: (1) States are in debt and have to find resources; (2) they can't count on the income of their GDP because of the recession; (3) they must therefore increase the fiscal burden on families and companies; (4) excessive fiscal pressure further reduces productive income; (5) new taxes are necessary to gather more resources; (6) income continues to decline, and the cycle restarts. It moves like a morbid dance that spirals ever downward.

[fulltext] =>

In addition to this vicious-cycle, companies are unable to get loans from banks, which are constrained by their own problems (and incompetence) and external rules. Fortunately, Monti's administration managed to pass a regulation – after receiving the long-awaited authorization from the EU – which aims to put an end to another scandal: the role of the state in the harassment of businesses by high levels of taxation, almost twice that of securities, and not paying down the national debt. We are facing a situation that would certainly satisfy any economist striving to describe the perfect crisis of an economical system.

Crises like these have led to the decline of entire civilizations. As time past we learned that there's only one realistic way out of such situations (not fantasy, nor propaganda): increasing labor, demand and income by boosting economic growth. This, however, isn't the solution but the heart of the problem. It demands the loosening of restraints imposed by the EU on the debt to GDP ratio in order to increase public investments, which would bring us back to true development. If a business is in crisis it must, besides reducing costs, invest in and figure out a new business plan, otherwise it will not survive for long. A crisis is either the dawn of a new day or the dusk of a day gone by; if one is distracted they may mistake one for the other due to the similar colors in the sky.

I'm more convinced than ever – together with great economists like Amartya Sen – that the solution, which is supported by Avvenire, is for Italy and other nations in crisis to renegotiate the well-known conditions of the Fiscal Compact to revive investments and boost labor, business, competition and, above all, schools and universities. Our companies aren't yet worn-out; they can still get back on track using assets that have been mostly ignored, namely technological, commercial and technical capabilities, and, above all, cultural, artistic, civic and touristic resources (particularly in the south). Nevertheless, due to the lack of investment in a new system or the adoption of a civil “vision”, our otherwise very promising businesses don't produce enough, or any, income nor employ more labor.

Entrepreneurs, employees and families are caught in a trap from which they can't free themselves without assistance: we urge quick, coherent, determined and forceful public action. Entrepreneurs and workers are exhausted and have very little energy left to hold out longer and move on. We have to be clear and direct; there is no excuse not to act. Only irresponsible politicians and MPs can remain passive in the face of such a scenario. Furthermore, as far as our culture is concerned, companies, traders and even labor have been historically held in low esteem in Italy and other Latin countries. Traders have been considered traitors (in fact, a beautiful book on this topic, written by the historian Giacomo Todeschini and published in 2011, is entitled “like Judas”) and morally perverse people who follow Judas' example by trading for “30 pieces of silver”, that is, for profit and goods.

On the other hand, state money is good since it's (said to be) spent for the common good, not for a trader's filthy profit (turpe lucrum). Consequently, public debt is morally better than credits and debts in the private sphere. The latter springs from selfishness and individual interests, while the former from the common good. This distinction lingers in our consciousness and guides our conscience and collective practice, though we are not always aware of it. If we wish to free ourselves from this trap, we ought to give a new political and cultural meaning to entrepreneurs. First, they are labor's greatest allies, not enemies.

Second, we should distinguish true entrepreneurs, who act according to civil principles, from “speculators” and “wheeler-dealers”, who exploit workers, despoil the environment and sustain the “fiscal paradises”, which are actually “fiscal hells” (does anyone doubt that the large banks have always had branches in these islands of perversion through offshore operations?). Due to this confusion, many people, including influential opinion-makers, continue to consider entrepreneurs potential tax evaders and deceptive traders who should be heavily restrained by the law. This attitude is a serious social sin, one which we all share responsibility for as long as we remain passive and silent.

A new thinking on labor and entrepreneurship is necessary. St. Francis and the Franciscan tradition once again show us the way. Although it may seem contradictory, the poor friar of Assisi, who gave up on his career as a successful international merchant, highlighted traders' activities and social contributions. They weren't “like Judas” for him and, in fact, when he founded a third order of laity many of them became members. A new, special affinity was thereby established between the intentionally poor people and the many merchants who were money-making and finance expert.

One should keep in mind that in many medieval cities merchants were counted among the paupers, the poor people, since their living didn't come from a fixed-income; they were vulnerable to the market's uncertainties and risks. True entrepreneurs, of yesterday and today, risk their own talents and resources in order to create goods and jobs. For this reason, they are friends of the poor and especially those without a job. They don't live on a fixed-income, and if they stop creating and innovating they will crash. Actually, they can go bankrupt even under good management, as has often happened during this crisis. Misfortune is part of the human condition, but for just people it shouldn't get the last word. Let's reconsider entrepreneurs and trust in their companies, which is the place were jobs are created, developed and multiplied. As citizens let us call on governments and national and European institutions to do much more. In fact, although these are weary and worn entities, only with these institutions can we break free from the trap.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial menu.

Translated by Cristian Sebok

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Commentary – Italy and Europe, government and business

By Luigino Bruni

Published in Avvenire on April 07, 2013

logo_avvenire

We are caught in a trap of poverty and are witnessing its distinct cycle: (1) States are in debt and have to find resources; (2) they can't count on the income of their GDP because of the recession; (3) they must therefore increase the fiscal burden on families and companies; (4) excessive fiscal pressure further reduces productive income; (5) new taxes are necessary to gather more resources; (6) income continues to decline, and the cycle restarts. It moves like a morbid dance that spirals ever downward.

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Dismantling the Trap

Dismantling the Trap

Commentary – Italy and Europe, government and business By Luigino Bruni Published in Avvenire on April 07, 2013 We are caught in a trap of poverty and are witnessing its distinct cycle: (1) States are in debt and have to find resources; (2) they can't count on the income of their GDP because of the...
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    [title] => Active on Saturday
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    [introtext] => 

Commentary – Society and the economy, women and charisms

By Luigino Bruni

Published in Avvenire on March 30, 2013

logo_avvenire

It has never been more clear that the political, civil, and economic world we built in the 20th century is over and far from “resurrection”. It's Saturday, and the new world has 'not yet' been fully realized. Actually, it is not 'here' at all. There are plenty of Holy Saturdays in History, and many of them have marked profound change. European humanism flourished under Christianity, which is rooted in the Holy Saturday, the time between death and resurrection. As a matter of fact, Salvation History repeats itself throughout the history of humanity. One should consider Holy Saturday something more than just an interval or a period of emptiness, absence, hibernation, and expectation.

[fulltext] =>

In deed, it is the beginning of a new era, and as such it is a period of activity, vigil, and presence. While the fearful and disillusioned apostles hide themselves, unable to react to the great crisis, some other people, particularly a group of women, don't flee. In fact, as Carlo Maria Martini wrote in 2000, on Saturday we can rely on the presence of Mary, the mother of Jesus. While the men run away, the women stay and don't leave; they're active on Saturday as they work and watch. Given their culture, the way those women acted revealed three messages. First of all, they highlighted the importance of life and our bodies, even when wounded, or dead; in fact, in spite of the stone that blocked it's opening, they still went to the tomb to anoint the body. The second message is regarding the precious role of the poor: Women had no say and, as fragile and vulnerable beings, were considered to be among the dregs of society. However, these women didn't flee from the great trial as they persevered and continued to work full of hope.

Mary and the women represented the charisms in those circumstances (this is the third message). Such spiritual approach was naturally familiar to them, resulting in the prayer 'Hail Mary full of grace (charis)', or full of 'charis-ma' (and of graciousness). In fact, the notorious theologian Hans Urs Von Balthasar often took the “Charismatic principle” to be synonymous with the “Marian principle”. We know that charism is a gift that allows people to look further ahead, to see things that others – in this case the apostles – don't see. And those who see differently act differently. If we learn how to live well on “Saturday” time, our society and the economy may rise again from the dark.

Today people also run away from the crisis (living in fiscal paradises, immaterial virtual communities, or in cynical and apathetic social circles). We are in need of people who are “active on Saturday”, such as the many women who are forgotten by our society. We cry out for charisms. During history's “Saturday” periods, institutions have decayed and fallen apart. However, humanity has been saved thanks to the charisms and to those, particularly women, who managed to stand still under the cross or next to the tombs of their times; they hoped and worked for a new world. There was more than merely an empty gap between the fall of the Roman Empire and the rebirth of the Italian and European civil society. Monastic charisms discretely watched over Europe during this transition, replacing the old institutions and creating new ones, reinventing Europe.

Furthermore, between the decline of the ancien régime and the rise of modern social states, thousands of charismatic institutions flourished. Inspired by grace's (charis/charitas) creativity, these institutions implemented new ways of healing traditional and modern kinds of misery and social exclusion, while also educating women and men throughout the generations. The same occurred between the Industrial Revolution and the advent of the Social State, and in the gap between fascism and democracy. In India, Gandhi, Mother Theresa, and Nancy Pereira's systems of microcredit are further examples of this progress. The charisms are the first to be aware of a difficult situation and, just as Mary did in the wedding at Cana, they cry out: “They have no more wine!” The charisms played a major role in history's “Holy Saturdays”; they are the light which guides humanity through the dark passage between Friday and Sunday. We now live in a “Saturday” period, which suffers from the lack of charismatic eyes. Charisms don't exist or, if they do, are rejected from the public, economic, and political spheres.

In addition, it's disappointing to see that experts, professors, and intellectuals are called on to help us out of the shameful political-economic swamp we are in. For a long while their moral resources have shown to be insufficient to move the stone blocking the tomb... We don't need technical knowledge to remove the stone, but rather mystics, charisms, and prophets. They see things from the resurrection's perspective, i.e they notice when the wine is missing and are able to quickly solve the problem. Moreover, these people, men and mainly women, aren't trained to be what they are. Nevertheless, although small in quantity, the charisms are still alive and fruitful. Their voice is the voice of the poor to the poor and they should make it heard. These charisms are gifts to benefit the common good. Thus, the lay, civil, and political institutions they create should develop political plans.

When there aren't charisms or their voices go unheard, an institution can neither see nor promote the common good, particularly in times of “Saturday”. Our crisis is above all a spiritual one. The fall of ideologies has stopped the motor of the symbolic factory that produced our civil and economic systems. When a true paradise decays, artificial and limited paradises take over, soon creating a true hell.

Let us look at this “Saturday” through the eyes of the charisms.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial menu.

Translated by Cristian Sebok

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Commentary – Society and the economy, women and charisms

By Luigino Bruni

Published in Avvenire on March 30, 2013

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It has never been more clear that the political, civil, and economic world we built in the 20th century is over and far from “resurrection”. It's Saturday, and the new world has 'not yet' been fully realized. Actually, it is not 'here' at all. There are plenty of Holy Saturdays in History, and many of them have marked profound change. European humanism flourished under Christianity, which is rooted in the Holy Saturday, the time between death and resurrection. As a matter of fact, Salvation History repeats itself throughout the history of humanity. One should consider Holy Saturday something more than just an interval or a period of emptiness, absence, hibernation, and expectation.

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Active on Saturday

Active on Saturday

Commentary – Society and the economy, women and charisms By Luigino Bruni Published in Avvenire on March 30, 2013 It has never been more clear that the political, civil, and economic world we built in the 20th century is over and far from “resurrection”. It's Saturday, and the new world has 'not ye...
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    [title] => The Economy of Francis
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Commentary – Idea and action for a culture that includes embraces

By Luigino Bruni

Published in Avvenire on March 24, 2013

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St. Francis' name evokes many meanings, including some related to the economy and finance. If we want and are willing to listen, he will reveal an essential message on how to truly and completely overcome our crisis. St. Francis of Assisi loved “mother poverty” and due to this he inspired important theoretical and practical economic changes. In fact, the Franciscans gave birth to the first school of economic thought, started banks, and began other finance traditions (the famous “Monti di Pietà” pawnbrokers were the predecessors of Italian popular solidarity finance).

[fulltext] =>

However, people don't always remember that popular community banks only managed to flourish after two centuries of deep and systematic philosophical and cultural reflection on the economy, currency and the market.

Olivi, Scoto, Occam and many other Franciscan professors were doctors of economics. They were aware of the great commercial and urban revolution under way, which later was called civil humanism. An intuition arisen from the Franciscan charism inspired them to study and deeply reflect on the res novae, i.e. the great changes taking place at that time. They studied economics moved by their love for the people, for the poor.

Therefore, the first thing St. Francis and his charismatic movement teach us is that research and science contain moral and civil implications. Since the world economic crisis, it has become more clear that this economy and finance (only based on short term profits) produces disastrous results,  such as an inhumanly built economic system (Cyprus is one of numerous examples). While the crisis moves on claiming new victims, universities around the world continue teaching economics and finance based on the same principles that caused this crisis in the first place. The economic books, dogmas, and the imperialist arrogance of economists remain unchanged despite the crisis; top PhD courses still follow the same program they did in 2007.

People truly committed to the common good are in love with “mother poverty” (common good is measured first of all by the living conditions of the poor). St. Francis urges these committed people to invest significantly in research on today's res novae, i.e on labor, on the management of enterprises, the economy, and finance. In fact, these activities suffer mainly from a “lack of reflection” and books and conferences aren't enough. Following in the footsteps of Monti di Pietà, we should create institutions in order to change the world.

People who embrace religious charisms usually see things first and look further ahead than the rest of society; they are the ones who, in their times, founded universities on the cutting-edge of cultural innovation. Since today these charisms are missing, our culture and science can't fulfill their civil, scientific, and cultural missions. We are in dire need of new research institutions and universities, ones where different ideas are taught. As a matter of fact, most of today's “sanctuaries of knowledge” are funded by the (distorted) financial market. We need new schools to produce high quality social and economic thought and for these popular schools to disseminate and reinforce the theoretical with practical application. Where are these schools? If we don't create them the crisis and unemployment will continue. We need to live up to St. Francis and the Franciscans, who worked to improve their society through many initiatives, including new ideas and science.

Another message from St. Francis is what he taught us about poverty. It's connected to his first message. In fact, “science” is a fruit of the Spirit and the Spirit is the “father of the poor”.

Poverty isn't counted among words that are solely negative, such as deception, slavery, racism, and others. After St. Francis' life (i.e. after Christianity was consolidated) there was more than one type of poverty, which crossed a broad spectrum, from the victims of poverty to the blessing of those who choose freely to be poor in order to help others in need. As long as the characteristics of freely chosen poverty are not embraced, a simple and selfless life style, communion, and brotherhood, our culture is not capable of combatting new and old kinds of involuntary poverty. St. Francis reminds us that no one can see nor fight against bad poverty before loving its good form.

Rich politicians and officers, who fly from their conferences on poverty to opulent vacations, are usually responsible for implementing the governmental or private programs fighting poverty. As long as this remains the case, poverty will continue to be (uselessly) studied and chosen as a theme for research and conventions; through this approach it will be neither seen nor understood, let alone healed. Only poor people can cure the poor, and therefore charismatic movements are needed. Through philanthropy the capitalist system has increased the number of institutions for the poor. Despite these entities there is no genuine encounter between helper and helped.

St. Francis embraced the lepers of Assisi and cured their bodies and souls. An embrace is the first part of the cure. Our culture is immune to brotherly relationships and teaches us to avoid embraces. St. Francis warns us not to fall into this trap. On one hand, in the institutions created to “heal” poverty, the number of professionals to assist and to cure has grown more numerous (which is good), but, on the other hand, the embraces have grown scarcer. Brotherhood is another beautiful Franciscan word. It can be measured by the inclusion of the poor in our communities. It turns out that the creation of specialized agencies to take care of the poor is often inversely proportional to their inclusion. The commitment of these institutions to “cure the poor” is an excuse to keep them as far away as possible from our pristine and immunized cities.

Let us listen to St. Francis' historic teachings; they are a message for the future.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial menu. 

Translated by Cristian Sebok

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Commentary – Idea and action for a culture that includes embraces

By Luigino Bruni

Published in Avvenire on March 24, 2013

logo_avvenire

St. Francis' name evokes many meanings, including some related to the economy and finance. If we want and are willing to listen, he will reveal an essential message on how to truly and completely overcome our crisis. St. Francis of Assisi loved “mother poverty” and due to this he inspired important theoretical and practical economic changes. In fact, the Franciscans gave birth to the first school of economic thought, started banks, and began other finance traditions (the famous “Monti di Pietà” pawnbrokers were the predecessors of Italian popular solidarity finance).

[jcfields] => Array ( ) [type] => intro [oddeven] => item-even )
The Economy of Francis

The Economy of Francis

Commentary – Idea and action for a culture that includes embraces By Luigino Bruni Published in Avvenire on March 24, 2013 St. Francis' name evokes many meanings, including some related to the economy and finance. If we want and are willing to listen, he will reveal an essential message on how to t...
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    [title] => Sister Beauty
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Commentary – Beauty brought about the Economy and Civility in Italy. Let’s protect it and start producing it again.

By Luigino Bruni

Published in Avvenire on March 17, 2013

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Beauty’s civil and economic virtues are vital for us. Beauty is necessary to renew the economy and labor market, to establish new schools and universities, and to guarantee care for those who didn’t choose to be poor. The old and new kinds of poverty afflicting the poor can only be overcome through the beautiful poverty of St. Francis. Although the Italian economy and civil life “produced” (artistic, musical, urban…) beauty, it was beauty that first brought about the economy and civil life.

[fulltext] =>

Anything made in Italy has been precious for centuries. Artisans and workers of all periods have made this true. They grew up surrounded by cathedrals, piazzas, valleys, seas, and mountains, and were thereby nourished by beauty. So we must realize that it is not only raw material, capital, and labor that are inputs for our economy; Dante, Pinocchio, Fellini, stories, landscapes, frescos, churches, are the basis for national production. Beauty becomes translated into designs, cars, shoes, outfits, foods.

Food and wine tourism attract people to, for example, Umbria and Sicily. In such places one will not only “consume” accommodations, food, and wine, but will “eat and drink” the beauty accumulated over thousands of years of culture and in the landscape (one should bear in mind that although the entrepreneur sells this product, part of it's price isn't his; this is also true considering taxes). Economic value was created when people started adding value to products through beauty; when producers learned how to express beauty they translated it into products, goods, the economy, and welfare. Today we continuously consume beauty but are no longer capable of producing it, other than in very small quantities. We should start creating beauty once more so that goods and labor may flourish again. Beauty cannot be planned for in business schools or political forums; it is the fruit of graciousness. Grace (Charis in Greek) is the root of beauty (also gracefulness) itself, and it inspires love for places, cities, and regions.

It may not be as obvious today as in the past, but beauty is essential in maintaining good schools and universities. Currently they lack not only of economic and financial resources, but also beauty. Our children and youth should receive their education and develop their personalities in the most beautiful places. However, these places are in the hands of banks and speculators while students are crowded together in forgotten, decaying buildings. I just don’t know how one can teach, let alone how students can encounter and get to know Socrates, Pythagoras, and Leopardi, in such an ugly environment.

Clear-sighted people working in schools know that classrooms, walls and yards speak and teach as well. They are “colleagues” who communicate in a non verbal language just as vivid as ours. Children are aware of this and have learned it from fairy tales and cartoons where grasshoppers, animals, and plants also speak, and where houses can open their eyes and smile. Evidentially children aren't simply incomplete grown-ups; they have something more than the adults, though this is eventually lost in time. Such an approach to beauty is necessary if true child-adult reciprocity is to be fostered. However, in schools today this is what happens: A child reads a poem of Ungaretti and a few minutes later runs outside, wishing to experience the mystery of poetry in real life (either one lives poetry in one’s own flesh, or it’s useless, it can even be harmful). The scruffy and decayed recreation space they play in doesn’t allow the student to learn the desired exercise in freedom and truth. Thus, the next day the teacher has to start again from scratch, a task worthy of Sisyphus. In short, a school is good if it’s beautiful.

Demand for beauty is even more urgent among the poor. In times gone by the population of a town, including the poor, would frequent the most beautiful places, namely the cathedrals and churches. It's stunning to think that Giotto’s and Caravaggio’s frescos decorated the rooms that offered shelter to poor, simple, humble and illiterate people. The harsh burden of a short life filled with struggle was eased by the gift of art. Artists and patrons handed the poor part of the richness that was once taken from them.

Of course back then there was also a lot of opulence and private wealth that was not shared with the poor. Today however, despite the French Revolution and democracy, even less beauty (wealth) is shared than before. Wealth is now produced by the financial market and then concentrated in fiscal paradises, in invisible and extremely private real-estate, or other assets. Towns are not at all made more beautiful by mansions of millionaires. People don’t see them, let alone live in them. They represent an uncivilized kind of wealth; they are neither in nor for the city. Thus, the luxury and pomp confined within their walls aren’t true to beauty. The inhabitants themselves won't enjoy its beauty as long as it remains hidden to others, mainly to the poor. “You chose to be condemned for life to enjoy only what brings joy to all”; the concept in this lovely verse by David Maria Turoldo is actually true for everyone. “In my cooperative”  a civil entrepreneur once told me “there will be very competent hairdressers, because” he continued “if an old lady breaks her thighbone, as long as she doesn’t feel beautiful she will not be cured, she might even let herself die”.

True beauty is therapeutic. Hideous surroundings may avoid cure or even cause death. When poor people are helped and offered shelter in an agreeable environment they will be capable of giving the first step out of their unfortunate condition. Beauty brings out the best in us. Beauty therefore is not a luxury good but is a necessary good that should go hand in hand with dignity and poverty. Let’s fill our cities, companies, and schools with beauty so we will not run out of the spiritual and symbolic strength to start again.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial menu. 

Translated by Cristian Sebok

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Commentary – Beauty brought about the Economy and Civility in Italy. Let’s protect it and start producing it again.

By Luigino Bruni

Published in Avvenire on March 17, 2013

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Beauty’s civil and economic virtues are vital for us. Beauty is necessary to renew the economy and labor market, to establish new schools and universities, and to guarantee care for those who didn’t choose to be poor. The old and new kinds of poverty afflicting the poor can only be overcome through the beautiful poverty of St. Francis. Although the Italian economy and civil life “produced” (artistic, musical, urban…) beauty, it was beauty that first brought about the economy and civil life.

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Sister Beauty

Sister Beauty

Commentary – Beauty brought about the Economy and Civility in Italy. Let’s protect it and start producing it again. By Luigino Bruni Published in Avvenire on March 17, 2013 Beauty’s civil and economic virtues are vital for us. Beauty is necessary to renew the economy and labor market, to establ...
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Commentary – The Cyclops' era: hostility in the labour market.

By Luigino Bruni

Published in Avvenire on 10/03/2013

logo_avvenire

It is crucial that we rediscover the virtue of hospitality. This is particularly true when looking at today's youth who have become increasingly like foreigners in their own societies. Adults do not try to understand the youth, do not provide opportunities for them, take out debt in their names without their consent, and stand idly by watching the degradation of their spaces, especially schools. The world is rapidly changing and if, as adults, we clearly see the end of a system, it's not difficult to imagine how absurd and awkward the status quo would seem to a young person in their teens or twenties. History has shown us that some generations decay faster than others; ours is one of them.

[fulltext] =>

It works but it didn't give us money”, a boy around ten years old cried out in a metro station in Rome. He was intentionally correcting his mother who with a rough “no” had answered a man's inquiry: “does the ATM work?”. The fact is the mother and the boy were both correct concerning the machine, from their own perspective: an instrument for getting cash (mother) versus a colorful touch-screen with plenty of buttons (boy).

In the civil sphere similar dialogues happen far to often at school and work with much greater consequences. In these interactions, mutual understanding, communication, and respect for one another don't come easily. Records are straightforward in pointing to the fact that young people are strangers and foreigners in their own land: the youth unemployment rate is 43%. This is a number that should prevent us from sleeping, but we sleep soundly since we're so used to such negative news. Above all we're forgetting that a young person is more than one family's child; they are society's responsibility as well.

This sort of universal filiality (and brotherhood) is the essence of the golden rule of hospitality, present in the historical roots of our culture, where guests and foreigners were considered sacred and offered gifts. The great civilizations of the past believed that no one is actually a stranger nor a foreigner. Terence is famously quoted describing this truth by proclaiming: “I am a human being, I consider nothing that is human alien to me”.

There's something of me that lives and resides in every human being and, to some extent, in the whole of creation; the same goes for something of them in me. It's as if in every genome of a living creature there are traces of all the others. I think this relates to what St. Francis wanted to tell us through his uniquely beautiful and moving “Canticle of the Sun”. The true nature of hospitality isn't altruism, but reciprocity: “Remember that you were once foreigners” (Book of Exodus). Apart from everything else, strangers (who as such are fragile and vulnerable) should be treated with hospitality owing to the simple fact that we all are strangers at one point or another. Our grandparents were once strangers and likely so will our children; it's part of the human condition. Our culture is in dire need of hospitality-reciprocity and young people suffer the most from its current absence. Just as the elderly, youngsters too need it to live well or, now more than ever, to simply stay alive.

Today youth entering the labour market share the experience of when Ulysses met Polyphemus. The latter was the Cyclops, which Homer used to represent barbarism as he was hostile as opposed to welcoming. Instead of offering gifts he gave stones instead of bread and scorpions instead of eggs; then he devoured his guests. We are watching too many young people be devoured by years of unemployment. This idleness is neither chosen nor deserved and day by day it consumes their finite youth and human capital acquired through study. Others are devoured by the type of work, imposed by huge companies, banks, and capitalist consulting groups that abandon the graciousness of hospitality when hiring young people. Young employees are used, squeezed, and deprived of the time need to develop; they receive no gifts, only obligations. They are devoured bit by bit.

The “lucky” ones who make it to one of these jobs, like in a cave end up obstructed by enormous boulders. The heaviest stone is the crisis we're living in. It coerces them to accept or not to abandon – once the true nature of the job is revealed – perverted jobs in order to live and avoid hunger. Thus, instead of “welcoming gifts” it's considered normal for large companies to offer long term contracts that require young workers to work a certain number of years in exchange for the “gift” of a master degree paid by their employer. These practices are almost a kind of slavery.

I'm certain that with this sort of servitude, tying people to a company through a degree, human dignity will not flourish. It cannot grow without the water of freedom and the light of graciousness. Without free and flourishing people the complex economy of today and the future will be one where not even enterprise profit and growth will be reachable. A new working culture based on hospitality must be constructed. Enterprises should seriously invest in the first years of their young employees and they, after receiving so much, will learn how to give as well. In times like these when the “citizen's income” is constantly and, in many cases, appropriately mentioned, we should not forget that institutions and civil society owe the gift of work to the youth of the world. We must offer them better studies and give them the opportunities to work and, if possible, work well.

Further commentaries by Luigino Bruni in Avvenire are available through the Avvenire Editorial menu. 

Translated by Cristian Sebok

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Commentary – The Cyclops' era: hostility in the labour market.

By Luigino Bruni

Published in Avvenire on 10/03/2013

logo_avvenire

It is crucial that we rediscover the virtue of hospitality. This is particularly true when looking at today's youth who have become increasingly like foreigners in their own societies. Adults do not try to understand the youth, do not provide opportunities for them, take out debt in their names without their consent, and stand idly by watching the degradation of their spaces, especially schools. The world is rapidly changing and if, as adults, we clearly see the end of a system, it's not difficult to imagine how absurd and awkward the status quo would seem to a young person in their teens or twenties. History has shown us that some generations decay faster than others; ours is one of them.

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Our children, foreigners

Our children, foreigners

Commentary – The Cyclops' era: hostility in the labour market. By Luigino Bruni Published in Avvenire on 10/03/2013 It is crucial that we rediscover the virtue of hospitality. This is particularly true when looking at today's youth who have become increasingly like foreigners in their own...
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Comments – More Democracy is Necessary

By Luigino Bruni

Published in Avvenire on 03/03/2013

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A referendum is being held in Switzerland today to put a break on remunerations for managers of societies quoted on the stock market.  This is a good occasion to reopen the topic of the incomes of so-called  ‘top managers’ here in our country as well ,and on that matter and much more importantly, as it lies at the root of the first problem , of economic democracy.  How about in Italy, or in Europe?  A reason for the absence of this type of initiative, or, as we hope, only lateness, is the inability of Europe, and more so of Italy, to propose in past decades a different business and economic culture.

[fulltext] =>

Today business schools are all the same: at Harvard, Nairobi, San Paolo, Berlin, Peking, or Milan, the same things are taught, the same texts are used, at times even the same slides downloaded from the internet.  I have seen courses given on ‘Social Business Responsibility’ in classes where directors of cooperatives were sitting beside managers of speculative investment funds, because, as they explained, “Business is business”.  Therefore, it does not surprise us, but rather, saddens us to see a progressively shorter distance between the culture and the incomes of great cooperatives and those of capitalistic businesses, a resemblance that would certainly cause founders of the cooperative movement to turn over in their graves. They had imagined and brought about different enterprises also because they were able to covert the principles of fraternity and equality into paycheques, and not only to mention them in the premises of their statutes.

Yet, Italy and Europe had, and still have, a bit of another way to do business and society, another ‘capitalistic spirit’, which in Germany is called ‘social economy of the market’, in France ‘social economy’ in Italy ‘civil economy’, and in Spain and Portugal ‘economy of solidarity’.   A social cooperative is not a philanthropic institution (charity), but a matter of reciprocity and of productive inclusion, it is a ‘doing with’ before being a ‘doing for’.   A banking foundation is not   an American foundation, and small to medium family businesses,  as the load-bearing axis of our economy, have neither the culture nor the tools that anonymous corporations have, even if many of these businesses of ours have lost themselves in trying to follow those strange models.  In Italy we also had the glorious tradition of the Enterprise Economy, today on the way towards extinction, which was a happy attempt to convert a communitarian and relational model into organizational culture, where the aim of the enterprise was not the maximization of profit, but the balance between all the components of a company, in which the founding principle was “Satisfaction of human needs” (Gino Zappa, 1927).

The economic crisis is also fruit of a managerial culture that has revealed itself inadequate, certainly because of a mistaken or an insufficient legislation, but also from a form of thinking that begins in universities where economy is taught and it continues on into the masters; a wrong formation which is also at the base of justifications for those superstar salaries.  Current economic curriculums, all over the world, are more and more stripped of all their humanistic and historical dimensions, deluding themselves that by reducing economic thought to numbers, tables, graphics and algorithms (ever more simplified), one can form people capable of thinking and of being creative, of true innovation or of coordinating individuals whose anthropological and spiritual mystery remains such even as they work.  Yet, future jobs will come about, certainly in Italy, arising from culture, art, tourism, relationships, and to do these jobs well it is very useful to know the history of culture or of art, more so than techniques of budget balancing , evaluation and control.

We need then to open public debate on these crucial topics which cannot be left to ‘those in charge’: we have done so these past years, and the results are visible for all to see.  Modern democratic culture has put politics and governing of the state at the centre: great.  But the world has changed a lot and today we know, or should know, that good government passes also, and always more, through good governing of markets, businesses and organizations.  There is one Parliament (in Italy), but the administrative councils of banks and businesses are thousands: the quality of our lives, our dignity and freedoms depend also from these and we cannot continue to ignore this.  Economic democracy will be the challenge of the XXI century, if we wish to avoid reducing the democratic area into ever less relevant sectors of people’s lives, if we wish to feel like kings on election-day and lowly subjects on following days of many non-democratic rulers. The XX century created and maintained confines between areas of action of democracy and those kept by other non-democratic principles.

Amongst non-democratic areas the most important and relevant one was that of capitalistic enterprises.  The new era of common goods is forcing us to profoundly rethink the border of democracy if we don’t wish to lose it, or to smother it into a tiny region, perhaps to become irrelevant one day.  The market and businesses are not a private matter: they never have been, (think about workers’ and business owner’s syndicates).  This crisis however, had told us with great force and clarity that economy, finance and the market are also a truly ‘public matter’, with its delights and its crosses, for which we have the right and the duty to occupy ourselves , not just because it is us who will be paying all the consequences of bad government.  We must then invent new tools of economic democracy which cannot be the same ones used by political democracy.  We must think them on a Global scale.  But we must do it soon, for it is far too important.

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Comments – More Democracy is Necessary

By Luigino Bruni

Published in Avvenire on 03/03/2013

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A referendum is being held in Switzerland today to put a break on remunerations for managers of societies quoted on the stock market.  This is a good occasion to reopen the topic of the incomes of so-called  ‘top managers’ here in our country as well ,and on that matter and much more importantly, as it lies at the root of the first problem , of economic democracy.  How about in Italy, or in Europe?  A reason for the absence of this type of initiative, or, as we hope, only lateness, is the inability of Europe, and more so of Italy, to propose in past decades a different business and economic culture.

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The Market is also a Public Thing

The Market is also a Public Thing

Comments – More Democracy is Necessary By Luigino Bruni Published in Avvenire on 03/03/2013 A referendum is being held in Switzerland today to put a break on remunerations for managers of societies quoted on the stock market.  This is a good occasion to reopen the topic of the income...
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Comments –Lenten Christian Culture and its Civil Nature

By Luigino Bruni

Published in Avvenire on 17/02/2013

logo_avvenire

Lent also has a civil nature, which reveals itself to us if we read its words in the light of this crucial phase of our public life.  These words are articulated and go to form a true and proper message of a change of route, of a conversion.  The first word is repentance, a strange word in our culture, yet a fundamental one in order to be able to truly begin again after every personal and collective crisis.  After having made mistakes, especially if serious and collective, in order to restart and go speedily on our journey we need, first, to repent, because if we lack the awareness of having done wrong, we cannot find again the road to walk on.

[fulltext] =>

The first expression of every repentance is a feeling of pain, of sorrow, of regret for having done things that are not good, that brought harm to ourselves and above all, to others.  We have seen many things that are bad and serious, in these years of crisis, and we are still seeing too many.  But one does not see or glimpse remorse in leaders of financial speculation, in the culture of top management of big businesses, companies and banks, and even less in our political parties.   Without civil repentance, accompanied by some gesture, as in all true repentance, we will not have the strength to restart.

For these civil and economic errors and sins, the (very necessary) trials through civil courts cannot exhaust the rites of repentance, excuses or of reconciliation.  When the manager of a great bank or company commits crimes, there is need of something more than just the sentence given by the courts (when one is given): there is also need for these entities who have betrayed the trust and hopes of all shareholders and of the entire country, to be able to repent, to ask forgiveness and pardon of the people.  The reparation and restitution of the civil and penal code are much too poor for these kinds of crimes which hurt the symbolical and ethical codes of the community.

The second word is humility; a fundamental virtue for a good life, a word totally out of use in a culture that rewards the hypertrophic ‘I’ and no longer has eyes for appreciating the virtue of humility.  Humility comes from earth, from that humus that was root one time of humility (humilitas) and of man (homo), a semantic richness that is also found in the Hebrew language where man and earth are called adam and adamah.  Humility is a word that founds the human, because it tells us that great things in life are such because of their smallness, because they  are a little less, a dwindling, because they are earth and dust.

This ancient tie humility-man-earth reminds us that humility is virtue when it comes from having touched dust, earth, ash: one becomes truly humble and truly man/woman when one falls, when one feels the earth and the dust, and then gets back up.  This is the humility of Job, but also of those who work and know the earth, of those who in front of a mountain or a rock, experience their own infinite smallness, and from that contact with the earth rediscover also their own infinite dignity.  We cannot become humble by ourselves (this is narcissism), but it is the others, life, the earth and the dust to humiliate us, which can then help us to continue on our way.  The failures, individual, economical, and political of these past years can become an occasion to do better, but it is necessary first, to want to experience humility, which is absent from all the programs, the promises and above all from the words and tone of these pre-election days.

The third word is fasting.  Our century is obsessed with diets, but no longer knows fasts, because fasting is not a matter of counting calories or of losing weight, but is another pivotal point of a good life: temperance.  Fasting is educating one’s desires, passions, heart, spirit, and intelligence.  In order to appreciate and then cultivate fasting and temperance people are needed who are able to see the values in such things as limit, moderation, and sobriety.  In reality, if we take a good look at our people beyond the television shows, we become aware that there are ever more people leading temperate lives, who give due value to limits (in the use of resources, time, work, profits, consuming…), who moderate their own needs, who enrich them by diminishing them.  I meet many of them, and more every day, but they are not spoken about in the public sphere, because they don’t make for good audiences and don’t bring votes.

The civilization preceding ours was governed by fasts, because the hardship of life was supportable only by educating passions, intelligence and will:  poverty can, and has become, a life that is good and worthy only if accompanied by fasts, which multiplies the value of having little food, and the feasting of the poor.  It is also the lack of a Lenten culture that is decreeing the death of the ‘carnevale’ in our country (and the boom of Halloween, which is its opposite), Carnevale can be lived when it is preceded and attended by fasts, food and feasting.  Fasting, in the end, nourishes and reinforces, it doesn’t reduce the will to live, nor does it reduce the generative side of life: not by chance did the great Greek philosophy indicate in Penia (indigence, lack) the father of Eros.  Every form of creativity, from art to family to business, requires one to desire that which one doesn’t have or is not yet.  The root of every true crisis is the extinguishing of the desire for what isn’t yet.

 

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Comments –Lenten Christian Culture and its Civil Nature

By Luigino Bruni

Published in Avvenire on 17/02/2013

logo_avvenire

Lent also has a civil nature, which reveals itself to us if we read its words in the light of this crucial phase of our public life.  These words are articulated and go to form a true and proper message of a change of route, of a conversion.  The first word is repentance, a strange word in our culture, yet a fundamental one in order to be able to truly begin again after every personal and collective crisis.  After having made mistakes, especially if serious and collective, in order to restart and go speedily on our journey we need, first, to repent, because if we lack the awareness of having done wrong, we cannot find again the road to walk on.

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Three Words to Restart (and a Right Desire)

Three Words to Restart (and a Right Desire)

Comments –Lenten Christian Culture and its Civil Nature By Luigino Bruni Published in Avvenire on 17/02/2013 Lent also has a civil nature, which reveals itself to us if we read its words in the light of this crucial phase of our public life.  These words are articulated and go to for...
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    [title] => Bridging the Gap Between Labor and Education
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Commentary – Labor and education in the course of our lives.

By Luigino Bruni

Published in Avvenire on February 10, 2013

logo_avvenire

We must urgently rethink the relationship between the workplace and the schoolroom; labor is hardly ever present in the education of young people. In a traditional society this may have been appropriate since labor was always present in the lives of children and young people. Those who lived in the countryside could count on having to work after school and sometimes in the morning before attending school. Even those who lived in the city were surrounded by various trades, professions and toys that mimicked the occupations of grownups. School, therefore, was a short and valuable period of escape from a (hard) labor dominated world.

[fulltext] =>

Today the situation has been reversed. Labor is gradually vanishing from modern urban culture and even the games our children play, and it has been replaced by finance, Internet-mediated relationships and, above all, consumption. A ride through the supermarket while sitting in a shopping cart is the first “economic” experience our children go through. Among the youth, friendship and labor during the crucial years of development have all but disappeared. Thus, when the time comes to start looking for work or finding an occupation, they are at first puzzled and often become unemployed.

Would it be too difficult to allow our students to engage in some form of labor a few hours a week during high school (at least in their senior years) or during the long months of summer vacation? The real obstacle, more serious than organizational or safety problems (the courtyards of our high schools have become extremely unsafe), can be traced to the deeply rooted idea that manual labor is not suitable for character development. A good education consists of studying literature, history and mathematics, not of working in a crafts workshop, an office, or a factory, let alone a farm. We have not yet freed ourselves, despite St. Benedict and Civil Humanism, from the vulgar idea that manual labor is impure and only suitable for servants and slaves. Young people carry this animosity towards labor into university, where working is considered unimportant and often pushed into the background. Many university students today do “odd jobs” for a living, but only a few engage in the profession they have chosen to pursue after graduation. During the past few decades, when the economy was thriving and prosperous (perhaps excessively), it may have made sense for people to study for twenty-four or twenty-five years and only start working after graduation. However, in view of the current stagnation of the economy (which is bound to continue for a while), a young person who spends four or more years preparing to practice a trade is very likely to discover that the conditions in society and the economy are not conducive to being able to get a job and actually practice that trade.

A sure sign of an economy or society in recession is that the present generation destroys rather than creates job opportunities for young people. In other words, young people who do not enter the labor market while attending university are at risk of never joining the workforce. If they are able, perhaps belatedly, they may find themselves in very unfavorable circumstances; while they dedicate themselves to their studies no one created good job opportunities for them. Thus, it is necessary to ensure that the years spent acquiring a university education are not simply preparation for a future (and uncertain) job. University students must seek for actual employment, not just “odd jobs”.

I realize this means going against the trend of recent decades that reduces and standardizes education programs. As a result, education has come to be regarded as a kind of fee people must pay in order to work under better conditions tomorrow. Instead, we should develop more flexible study programs that incorporate labor rather than replace it. Such programs may last many years because the goal is not just to earn a piece of paper, but to gain knowledge and learn. In a society as complex as ours, we learn much of our knowledge through labor.

Labor of any kind is mastered through experience, not in a classroom or by earning a master’s degree in a business school. This has important consequences for labor. My mother had to stop going to school when she was in fifth grade, but those five years of schooling grew within her; they became a jealousely treasured asset that bore fruit and shaped her life and her children's. Today, however, research shows that after only a few years of labor much of the knowledge gained during one's studies is lost. People are far more ignorant after ten years of labor than immediately after graduating from university. This is because we have built a civilization of laborers that regard education as an instrument to be acquired at a certain stage of life (youth). This instrument is then used only to find a job; the labor market (for adults) is separate from school and education.

This is especially true in large companies, which hire capable graduates and submit them to an unbearably demanding work environment. Such companies do not provide the time nor space necessary to cultivate our humanity outside the company, much less inside. Therefore, we are producing one-dimensional people whose sole motivation to study is to stay relevant or enhance their performance, which misses the most important characteristic of education: graciousness. We need to re-humanize the postmodern workplace by filling it with culture, art, beauty and graciousness. It must be an environment where people can flourish in every way while working. They need to have time to study beautiful and difficult things, even at forty or fifty years of age, so that they do not reach retirement exhausted and ignorant. It is necessary to bring more of the workplace into the classroom and vice versa.

Further commentaries by Luigino Bruni are available through the Avvenire Editorial.

Translated by Tomás Olcese

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Commentary – Labor and education in the course of our lives.

By Luigino Bruni

Published in Avvenire on February 10, 2013

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We must urgently rethink the relationship between the workplace and the schoolroom; labor is hardly ever present in the education of young people. In a traditional society this may have been appropriate since labor was always present in the lives of children and young people. Those who lived in the countryside could count on having to work after school and sometimes in the morning before attending school. Even those who lived in the city were surrounded by various trades, professions and toys that mimicked the occupations of grownups. School, therefore, was a short and valuable period of escape from a (hard) labor dominated world.

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Bridging the Gap Between Labor and Education

Bridging the Gap Between Labor and Education

Commentary – Labor and education in the course of our lives. By Luigino Bruni Published in Avvenire on February 10, 2013 We must urgently rethink the relationship between the workplace and the schoolroom; labor is hardly ever present in the education of young people. In a traditional soci...
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Comments - «Politics»: May it Find Morality and Itself

By Luigino Bruni

Published in Avvenire on 02/01/2013

logo_avvenire

«Economy» has been the reigning word in 2012.  The first word of 2013 must be «Politics» if we want the year ahead to be better for the economy too.  There is, in fact, the extreme need to invert a tendency in place for some decades, the one that brought us to use increasingly economic logic in areas that had nothing to do with the economy, such as school (‘educational opportunities’, debits and credits), healthcare, culture,  and politics.  It isn’t rare to hear important Italian journalists speak of political parties today as «competitors», of political «supply» and «demand» (what would be the ‘price’ of equilibrium?). 

[fulltext] =>

But most of all, in this country there is a pervasive feeling of disenchantment which brings too many to believe there can’t be any citizens, much less politicians, motivated by the common good and not by private interests only.  The pan-marketing of these last decades has increased the ‘average cynicism’ as well, convincing many among us that the logic of interest is the only realistic true one, and that all the rest is mere chattering.

Many of the economists have used and are still using economic categories and logics (that is, of the markets) to explain just about anything, from why religious orders make their members wear habits and pronounce solemn vows (to raise «barriers at the exits», as happens in industries), to the behaviours of politicians and of the electorate.

The first economists to apply economic logic to politics were the Italians between the eighteen and nineteen hundreds. Among these Maffeo Pantaleoni, who sustained that choices of fiscal and economic politics depend on «the average intelligence» present in Parliament.  Amilcare Puviani, then, with his ‘Theory of financial Illusion’ retained that the fiscal system of a country is accepted by the masses on the base of a double illusion: that tributary pressure is less than the real one and that internal revenue is used for goals of common good, and not for the private interests of the dominant class.  Wilfred Pareto, the most genial economist ever, continued this tradition, adding to it the important element that human beings are normally moved by passions and interests, but have the invincible tendency to give a logical «varnish» to their actions.  In the case of politicians, the «varnish» is the common good or ideal, while the real motivation is power.

This economic approach to politics is pervasive and dominating, and yet it only picks some dimensions of reality, not all of them, and often leaves out the essential, among which the very fact of the popular vote (it is known that according to official economic theory the ‘rational’ elector should not vote).

I am convinced that but for a few exceptions (one of these is Albert Otto Hirschman, recently missed), economists do not serve well the common good when they treat politics as a market.  Rather, they commit a serious error full of consequences. A  humanistic interest (maybe) works when I must choose a car or an airline ticket, but less for a job, and far less and badly, for choices where symbols and ethical dimensions are concerned, such as political ones.  Some weeks ago a colleague of mine said:   «I belong to the American leisure class and I have every economic interest in voting for a conservative program.  But I don’t do it, choosing to go against my interests».  Dominant economy has great difficulty understanding this kind of choice, which is, instead, very crucial especially in moments of crisis.

Today there are many citizens who go beyond their economic interest in continuing to keep their company going so as not to lay off anyone, to pay taxes knowing they are the only ones to do so, to believe and keep investing in politics and to vote out of civil duty, notwithstanding.  Italy has already had happy moments when politics, at every level, has been something more and different from the search for private interests of electors and elected.

Men, and more so women, are capable of acting for bigger interests than private ones, to deny it would be negating the humanity and dignity of a person.  The decades from which we are (perhaps) coming out of, have undermined the virtue of hope in being able to change:  but it is from this hope that, at an anthropological level, and therefore political, we can and must start again.  Taking the road of good politics, certainly depends on the «average intelligence» of the next eventual Parliament, but depends also, and above all today, on its «average morality».

The many ‘poverty traps’ in which we have fallen, especially for some regions in the south, cannot be broken except by giving prophetic and trusting strength to politics in itself.  From here, work and a good economy will be able to take off.  An economy is not only the one dominating in the world, and the world.  Italy, before Pantaleoni and Pareto, has had Dragonetti and Genovesi, who thought of and attempted a Civil Economy founded on reciprocity and public happiness.  The year 2013 is also the 300th anniversary of the birth of Antonio Genovesi (we will speak about it more on these pages), and it is an occasion for re-appropriating an economy friendly to politics and the common good.

Let’s work and rise to the test of the passage we are going through (by choosing with our lifestyles and our votes) and leave to Genovesi himself the last word, (from a letter written in 1765): «I am already old, and do not hope or expect anything else from the earth. My aim is to see if I am able to leave my Italian people a little more enlightened than I found them in coming, and also a little more attached to virtue, which is the only true mother of every good.  It is useless to think of art, commerce, government, if we do not think about reforming our morals.  While mankind finds interest in being rascally, we cannot expect big things from daily efforts.  I have too much experience of this».

All of Luigino Bruni's comments on Avvenire can be found under Avvenire Editorial.

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Comments - «Politics»: May it Find Morality and Itself

By Luigino Bruni

Published in Avvenire on 02/01/2013

logo_avvenire

«Economy» has been the reigning word in 2012.  The first word of 2013 must be «Politics» if we want the year ahead to be better for the economy too.  There is, in fact, the extreme need to invert a tendency in place for some decades, the one that brought us to use increasingly economic logic in areas that had nothing to do with the economy, such as school (‘educational opportunities’, debits and credits), healthcare, culture,  and politics.  It isn’t rare to hear important Italian journalists speak of political parties today as «competitors», of political «supply» and «demand» (what would be the ‘price’ of equilibrium?). 

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Word of the Year

Word of the Year

Comments - «Politics»: May it Find Morality and Itself By Luigino Bruni Published in Avvenire on 02/01/2013 «Economy» has been the reigning word in 2012.  The first word of 2013 must be «Politics» if we want the year ahead to be better for the economy too.  There is, in fact, th...