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There are plenty of jobs that are vital to society but are not compensated as though they are vital to society. These jobs are filled by people who feel a duty to do them and so a surplus is created. Capital that should go to these professions doesn't, because the people who do the jobs do them out of duty, rather than for profit. Duty is exploited to create a surplus of capital. Inherently, this isn't a problem. In order for a capitalist society to function, there must be some exploitation of duty because otherwise all of the capital of society would be tied up in stitches and potatoes. Essentially, there is an acceptable level of exploitation of duty. But what we have now is something much different, an extreme redistribution of that surplus, part of a grander trend of wealth concentration, that is making it even more difficult for those who follow the call of duty to live comfortable lives, while weakening and destabilizing the economy as a whole.
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Essentially, our current political-economy redistributes the wealth of duty driven professions to profit driven professions. In a way, we already accept that there is something unjust about the level of redistribution in our current society. All of those NEA grants are, essentially, re-redistributions of the surplus of capital created by the exploitation of duty. So are the MacArthur genius fellowships. All the underwriting of PBS programs, all the grants to art organizations, all the cash prizes for books. All seek to re-redistribute an unjust redistribution. They are ways to redress the exploitation of duty.
But recently, these techniques have not been enough. Along with the inherent exploitation of duty every society needs to survive, we have lived for about thirty years in an era of radical wealth concentration. Everybody but the wealthy have seen their wealth diminish. There are lots of different ways to move what we have now to a sustainable society, one in which nurses are still not paid what they're worth, but are paid enough to be financially comfortable in their lives. Some of them involve reforms to specific industries, like creating a single payer universal healthcare system that shifts wealth from actuaries, administrators, and specialists to nurses, EMTs, general practitioners and other support staff that ensure treatment happens, or like Amazon not shredding to teenie bits the book industry by squeezing all of the capital out of it, so there are more stores to sell books and more money to pay authors. Some of them involve economy-wide federally driven reforms, like raising the minimum wage, which should raise wages in general, or an increase in grants and funding to important but inherently unprofitable endeavors. Some involve the rich assholes that are fucking ruining it for everyone to get a fucking sense of decency and community. (Ain't holding my breath on that one.)
As I said in my introduction, I haven't quite pulled all of this together and I'm sure there are aspects of this someone more familiar with economics would understand that I don't. I spend a lot of time in my own head and sometimes ideas congeal enough to warrant a blog post. (Hoo boy, just wait from my Subsidized vs. Unsubsidized Content post.) But one thing is pretty solid in my head. As everyone tells you, the engine of capitalism is profits, which means that capitalists will pursue profit above all else, and sometimes the “all else,” includes pretty important stuff. For as long as we have had capitalism, as a society we have done stuff to ensure at least some of that “all else,” happens, whether through government programs and regulations, or people doing things out of a sense of duty rather than profit. In fact, capitalism simply cannot work without these buttresses of “all else.” Whenever our economy has operated with a small number of the buttresses, it has to varying degrees COLLAPSED. Maybe we should reward duty a little more and money a little less.
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