There was an editorial in this morning's "Dallas Morning News" by Steven Malanga regarding the vanishing Protestant ethic in the U.S. Malanga attributes the erosion of the traditional protestant ethic of hard work, responsibility, and restraint to the decline of the social and ethical principals on which this nation was founded. He also convincingly makes the argument that the decline of thrift and modesty lay beneath the rise of consumerism and avarice. I would only add covetousness to his list as a factor in undermining the principals on which this nation was founded.
I found the article to be well written, thorough, persuasive, and vaguely familiar.
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To make sense of this post you will have to refer back to the blog I wrote, "The Economics of Vice" published on 8/20/09.
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