Made famous by the Scottish political scientist/economist Adam Smith, 'enlightened self interest' is the phenomena of people (and businesses) making decisions to serve their own self interest which also, happily, serve the common good. His notion: sometimes, without really intending or caring, doing what is good for one is also good for all. This occurs particularly powerfully and frequently when one takes a somewhat longer view: a willingness to pay taxes, for example (as opposed to spending lots of time/money to fight them, or just ignoring them at the risk of prosecution), also means that the community around the taxpayer gets the benefit of public investment in a road or a school.
We are living in a time when the instincts or training for enlightened self interest seem to be in serious disarray - in fact, I would argue that signs of rampant UNenlightened self interest are showing up with alarming frequency. A few observations: working class citizens well-served by public infrastructure and public education vote in surging blocs for politicians hellbent on dissembling those very investments, on promises of 'tax cuts' that never really reach those taxpayers (if they pay substantially at all now); corporate pay schemes drive more and more mileage between the compensation at the top and their first-tier employees, building simmering resentment about fairness and discontent in corporate life; labor unions fight trade agreements that will, over time, help create demand for products or services created in this country and increase demand for workers. What has happened to our instinct for enlightened self interest?
My take: there are two key seismic shifts occuring in our current reality and the disruption to our social fabric is dramatic. First, the impacts of a truly global economy are really starting to hit -- and while I believe in the long run this is fabulous for America's potential, we are NOT weathering the transition well so far. In globalization's earlier stages, we (all of us, consumers and institutions alike) splurged like drunken sailors on access to 'cheap' credit (thank you, China) -- and are now unable to comprehend what it really means to have mortgaged such a significant portion of our worth to a power center on the other side of the planet. Practically, a global economy is creating very distinctly different realities for Americans: one whole group of us is experiencing globalization as an extraordinary opportunity of new markets, new allies, new experiences; another whole group of us is experiencing globalization only indirectly, via jobs being offshored, increased immigration from corners of the world not well understood, and news stories about the rising power of countries that don't share our proclaimed values.
Secondly, the disintegration of our middle class is also picking up steam: and as the weights on both ends of the economic spectrum gain (working poor on one side, privileged class on the other), some critical, shared characteristics of our American tapestry are straining, even fraying badly. Nothing illustrates it more pointedly than stories surfacing this week that 'over the top' parties are back on Wall Street (Elton John entertains for banker's birthday!), even as the jobless rolls continue to beat a sobering, frightening tune in too many American homes. The extraordinary concentration of wealth in a small percentage of our total population has begun to open up a frightening chasm in our society: do we really have a common set of aspirations, dreams, or even fears anymore?
What IS the American Dream? Depends greatly on who you ask, it seems. And in such cacophony, there is little hope of hearing any chorus offering an inspiring anthem of shared values or common ground. The distances, the uncommon grounds, seem too challenging to overcome. But for businesses and citizens alike, the answer is NOT to pretend we didn't go on a wild bender, or to take up sustenance farming and a pledge to live more simply. We must work our way back - grow our way back - and prove ourselves worthy of the financial leverage we created and used. We must accept and bear the consequences of our earlier decisions - and we can do so and emerge stronger than ever.
How? I believe it should start with demanding honest conversations about enlightened self interest (NOTE: media enterprises, you have a serious responsibility here to inform, an opportunity to engage). Shouting simplistic, divisive platitudes only drives the wedges between us more deeply. As numerous public figures proclaim (in ironic agreement) across the ideological spectrum, there is nothing wrong with America that Americans cannot fix -- but we need to nurture real, meaningful discussion about what future interests we truly share. We can build on common ground from there, and I have no real doubt that our penchants for innovation, for shared sacrifice, for dreaming big dreams will carry us forward again.