Home
/
RELIGION & LIBERTY ONLINE
/
The Academy’s Rage Against Capitalism
The Academy’s Rage Against Capitalism
Nov 25, 2024 7:21 PM

Over at Ricochet, Peter Robinson broaches the oft asked question about intellectuals and their disdain and rage against capitalism. Robinson unearthed Robert Nozick’s, “Why Do Intellectuals Oppose Capitalism?” Nozick declared,

The schools, too, exhibited and thereby taught the principle of reward in accordance with (intellectual) merit. To the intellectually meritorious went the praise, the teacher’s smiles, and the highest grades. In the currency the schools had to offer, the smartest constituted the upper class. Though not part of the official curricula, in the schools the intellectuals learned the lessons of their own greater value parison with the others, and of how this greater value entitled them to greater rewards.

The wider market society, however, taught a different lesson. There the greatest rewards did not go to the verbally brightest. There the intellectual skills were not most highly valued. Schooled in the lesson that they were most valuable, the most deserving of reward, the most entitled to reward, how could the intellectuals, by and large, fail to resent the capitalist society which deprived them of the just deserts to which their superiority “entitled” them? Is it surprising that what the schooled intellectuals felt for capitalist society was a deep and sullen animus that, although clothed with various publicly appropriate reasons, continued even when those particular reasons were shown to be inadequate?

The entire essay is thoughtful and worth the read and it reminded me of some of my own observations of life at Ole Miss, my own Alma Mater. Much of what Nozick explains in the essay may be magnified at a school that has a similar cultural makeup as that one. The University of Mississippi or Ole Miss, at least from my own experience, is a very solid public university. There are some excellent professors in residence, especially within the college of liberal arts. For a public university, especially when es to capitalism and cultural norms, the student body is relatively conservative. I would say though from my own experience, however, it isn’t a place of grand academic probing or curiosity for most students. How many colleges genuinely can claim that characteristic today, though? That is not to say students are less intelligent or thoughtful than elsewhere.

A deep intellectual curiosity among the student body, in most cases, would not ingratiate you towards your peers and it certainly did you little favor in the social scene. I immediately noticed a tension between some of the academics and a large portion of the student body. Social development, popularity, networking, and the general social scene was all the rage for many students. Whether it was through popular fraternities and sororities and social gatherings, those activities and influences took precedence over the academy and academic pursuits.

A lot students came from financially successful families and many of those families were popular in Mississippi. They had little interest in repudiating their background, upbringing, and many of the cultural norms that surrounded them. While some academics on campus wanted the students to at least in part, to repudiate some of those values and norms. And many of those same students – who might be described as not “academic” or “intellectual” – were masters of the social scene, where often financial es in life, especially in the field of business and entrepreneurial enterprise. The resentment of some in academic circles was palpable. They felt betrayed by the wider culture – no beautiful woman at their side, no expensive sport utility vehicle, and little popularity. Thus there was a feeling that the system is rigged and unfair. I suspect in many of the the more traditional campus settings, feelings like this are mon.

There has been a lot written on the topic of the academy’s rants and raging against the free market. Certainly much of it has to do with the deep perception that some professors aren’t rewarded to a greater degree than those that are less academic but maybe more socially astute in life and business.

Perhaps the best examples today are the professors in SEC schools who carry impressive academic degrees and credentials but are dwarfed in salary by football coaches with motorcades bigger than the state governor, and a support staff greater than entire academic departments on campus. They are a visible reminder of the popular jock who got the girl, while simultaneously, being the most admired figure on campus. Is capitalism or the free market really to blame though?

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
On the real meaning of Christmas
“Opinions alter, manners change, creeds rise and fall,” says Rev. Robert A. Sirico in this week’s Acton Commentary, “but the moral law is written on the tablets of eternity.” In 1776, there were fewer than one billion people on Earth. A vast majority of them were poor, and living under tyrannies. Just over two centuries later, there are more than seven billion human beings. Rapid medical discoveries and inventions have helped to double the average lifespan, vastly reduce infant mortality,...
Public goods and the problems of free-riders and forced-riders
Note: This is post #61 in a weekly video series on basic microeconomics. Public goods provide an argument for taxation and government provision. But how do we know which public goods should be provided? In this video by Marginal Revolution University, economist Alex Tabarrok discusses the free-rider problem and the forced-rider problem in regards to public goods. Previous in series: Public goods and asteroid defense ...
Is it immoral to waste food?
“Eat your broccoli,” our mothers would say. “Think of the starving children in Africa!” It’s a moral claim we’re all familiar with. If some of our food goes to waste, someone, somewhere, will face imminent harm and the environment will go to the dogs. Indeed, it’s the central message of the popular new documentary, Wasted!, which claims, for example, that one-third of all food produced is never eaten, that 40% of that same food goes to waste, and that 90%...
5 Facts about Christmas
Christmas is the most widely observed cultural holiday in the world. Here are five factsyou should know about the memoration of the birth of Jesus: 1. No one knows what day or month Jesus was born (though some scholars speculate that it was in September). The earliest evidence for the observance of December 25 as the birthday of Christappears in the Philocalian posed in Rome in 336. 2. Despite the impression given by many nativity plays and Christmas carols, the...
The economics of Bedford Falls (Part 3 of 3)
[Note: This is the finalpost in a series highlighting some of the financial aspects and broad economic lessons of Frank Capra’s holiday classic, It’s a Wonderful Life. You can find part one hereand part two here.] Economist Don Boudreaux outlined ten foundational lessons that should be learned in every well-taught principles of economics course. Examples of nearly all of the ten lessons can be found in Capra’s Christmas classic, but for the sake of brevity I’ll merely highlight two of...
Radio Free Acton: Alex Chafuen on the birth and work of the Acton Institute; Upstream on Star Wars: The Last Jedi
On this episode of Radio Free Acton, Fr. Ben Johnson, Senior Editor at the Acton Institute, speaks with Alex Chafuen, President of the Atlas Network and as of January 1, 2018, Acton’s new Managing Director: International, on his past and ing work with Acton. Then, on the Upstream segment, Bruce Edward Walker hosts a roundtable discussion with Acton staff on the recently released Star Wars: The Last Jedi. Check out these additional resources on this week’s podcast topics: Learn more...
Did Christianity destroy Western culture?
It is always worth remembering how Christianity reformed Western culture – especially during the Christmas season, when we meditate on how Christ refashioned human nature to be a fitting abode of the divine nature. From teaching – and in some cases, inventing written languages – to preserving ancient manuscripts, to founding the university system, it would be impossible to imagine Western civilization without Christianity’s contributions. With this in mind, textbooks once referred to the West merely as “Christendom.” But a...
Lessons on Christian vocation from ‘A Christmas Carol’
“Is Christmas too materialistic? Well, it’s not as materialistic as God ing flesh, redeeming our sinful flesh, and sending us back into the material world to live out our faith in love and service to our physical neighbors.” –Gene Veith We are routinely told that Charles Dickens’ beloved story, A Christmas Carol, was instrumental in giving us Christmas as we know it — marking the holiday not just as a moment of reflection on Christ’s birth, but as a secular...
Skepticism of free markets grows within the Catholic Church
At the top of the Catholic hierarchy, Capitalism has been abandoned. This criticism of free markets, and even profit in general, have caused others within the Catholic Church to e concerned. As the debate grows, it’s helpful to clear up the main arguments of those who oppose and those who support Capitalism.In an article written for CatholicVote, Senior editor for the Acton Institute, Fr. Ben Johnson, does just that. Addressing the positions of First Things editor R. R. Reno and...
The economics of Bedford Falls (Part 2 of 3)
[Note: This is the second post in a series highlighting some of the financial aspects and broad economic lessons of Frank Capra’s holiday classic, It’s a Wonderful Life. You can find part one here.] George’s Life Savings in a Life Insurance Policy George attempts to secure a loan from Potter based on his life insurance policy. He says it has a $15,000 face value and a $500 cash value. Why is his life insurance policy worth cash? George has atype...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved