In 2017, American rock climber Alex Honnold ascended Yosemite National Park’s vertical rock formation, El Capitan, in under four hours. Honnold’s extraordinary journey to the top was captured in the documentary Free Solo, named after the method of climbing without ropes or equipment which Honnold used.
While audiences largely reacted to the movie with nail-biting, dizzying fascination, economist John Cochrane thought to himself, “Why wasn’t this done 150 years ago?” On today’s show, the three economic lessons that prompted his question, and the surprising links between rock climbing and economics.
Maybe we should celebrate communities that give rise to accomplishments.
Every successful movement relies on a restoration story.
In 2008, no one had a new restoration story.
Globalization (no capital controls) has made Keynesian impossible. (25 min)
A growth-based system can not be sustained (27 min)
(28 min) A New Restoration Story
Sister Simone Campbell, SSS—known as “the nun on the bus”—is someone I consider a modern prophet. She is the Executive Director of NETWORK, an organization that lobbies for socially just federal policies. On this “Independence Day” (in the United States), reflect on Sr. Simone’s invitation to co-create our collective freedom.
In the last half of the twentieth century, thankfully, our society began to engage in a serious process of trying to atone for the sin of slavery, and in doing so much emphasis was placed on promoting civil rights. An unintended consequence of this important movement was a heightened focus on individuals and individual exercise of the freedoms guaranteed in the Constitution. The civil rights movement came out of community, but the legal expression focused on individuals’ capacity to exercise their freedoms. Some fearful Americans—largely white men who professed a conservative version of Christianity—felt threatened, as if there were not enough rights to go around. They sought to create their own “movement.” This reaction in part fueled the rise of the tea party movement. . . .
But a democracy cannot survive if various groups and individuals only pull away in different directions. Such separation will not guarantee that all are allowed the opportunity for “life, liberty, and the pursuit of happiness.” All people must be recognized for their inherent dignity and gifts regardless of the color of their skin, their religious beliefs, or their place of origin. And all these gifts need to be shared in order to build up the whole.
So I have begun to wonder if the new task of the first half of the twenty-first century should be a commitment to civil obligations as a balance to the focus on civil rights.
Civil obligations call each of us to participate out of a concern and commitment for the whole. Civil obligations call us to vote, to inform ourselves about the issues of the day, to engage in serious conversation about our nation’s future and learn to listen to various perspectives. To live our civil obligations means that everyone needs to be involved and that there needs to be room for everyone to exercise this involvement. This is the other side of civil rights. We all need our civil rights so that we can all exercise our civil obligations.
The mandate to exercise our civil obligations means that we can’t be bystanders who scoff at the process of politics while taking no responsibility. We all need to be involved. Civil obligations mean that we must hold our elected officials accountable for their actions, and we must advocate for those who are struggling to exercise their obligations. The 100 percent needs the efforts of all of us to create a true community.
It is an unpatriotic lie that we as a nation are based in individualism. The Constitution underscores the fact that we are rooted and raised in a communal society and that we each have a responsibility to build up the whole. The Preamble to the Constitution could not be any clearer: “We the People” are called to “form a more perfect Union.”