Ahead of the curve ¨ê

160-4-729
Some of the most successful companies in recent years have been founded by such un-Puritanical figures as Sir Richard Branson (Virgin), Steve Jobs (Apple) and Ben Cohen and Jerry Greenfield (Ben & Jerry¡¯s). High-tech companies such as Google have no difficulty in combining the profit motive with the ethos of a campus. But in one area Mr Bell was prescient: he worried that consumerism was encouraging people to borrow more money than they could reasonably hope to repay.
He was even more prescient about what might be called ¡°the cultural contradictions of the welfare state¡±. This was the subject of passionate debate in the pages of the Public Interest, a journal he co-founded in 1965 with another poor-boy-made-good, Irving Kristol. The welfare state cannot last unless someone creates the wealth to pay for it. But interest groups demand ever more from the state, and politicians jostle to promise more goodies. As the welfare state expands, it can eventually undermine people¡¯s willingness to take risks or look after themselves.

Different strokes for different folks
One of Mr Bell¡¯s most provocative insights ran throughout his work. This was the idea that, contrary to what economic determinists such as Marx said, different ¡°realms¡± of society could operate according to different principles. (Always wary of the neoconservative label that Kristol embraced with such enthusiasm, Mr Bell described himself as a ¡°socialist in economics, a liberal in politics and a conservative in culture¡±.) Capitalism might co-exist just as happily with Chinese authoritarianism as with American democracy, he reckoned. In this, one hopes that the great polymath was wrong.

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