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and a senior fellow of the Manhattan Institute, wonders what happened to the Protestant work ethic that seemed to define America in the eyes of such observers as Tocqueville and Max Weber.
He begins: n Democracy in America, Alexis de Tocqueville worried that free, capitalist societies might develop so great a “taste for physical gratification” that citizens would be “carried away, and lose all self-restraint.” Avidly seeking personal gain, they could “lose sight of the close connection which exists between the private fortune of each of them and the prosperity of all” and ultimately undermine both democracy and prosperity.
He then argues that, in the wake of the market crash, there should be a national discussion about the deterioration of the constellation of virtues that ensure the effectiveness and morality of capitalism.
The task of retrieving these virtues will not be easy, he suggests, but it is possible and necessary.
The Protestant Work Ethic accounts for a large part of American success and also permeates Americans' thinking now.
In all, Protestant Work Ethic affects both the historical development of the United States and America today; it plays an important part in the growth of America. The Great Awakening, which designed by ministers to restore spiritual intensity to church life and authority, reinforces Protestant Work Ethic by attacking complacency of the soul, feels free of the material world and urges individuals to refrain from sinful activities. Conclusion Americans realize the road to the financial success of the American Dream is more a matter of hard work than luck; hence they keep the Protestant Work Ethic and engage in working to get prosperity.For example, students study hard in order to find a decent job, so that they can get prosperity to lead satisfying lives.Weber argues that Protestantism was part of the casual chain that led to the development of world-system dominance by Anglo-American capitalism.Specifically, Calvins doctrine of predestination-namely, that a persons eternal fate as elect to heaven or damned to hell was determined by God before the persons birth and could not be altered by any act the person performed while on earth-when superimposed upon Luthers radical alteration of vocation (beruf) to refer to ones daily occupation in the world (rather than a monastic withdrawal from the world), dynamically interacted with the social psychological condition of salvation anxiety to create conditions whereby people sought to determine whether or not they were among those elected to eternal life.The moral character of England and America were shaped in part by the words and actions of this strong group of Christian believers called the Puritans and the system they had called the Protestant Work Ethic.The main values of Americans, which are influenced a lot by Protestant Work Ethic, date back to the overwhelming Puritan culture developed in its colonial period. Middle It inspires and accomplishes American Dream, which was described as "that dream of a land in which life should be better and richer and fuller for everyone." The Protestant Work Ethic also establishes the basis of American democracy.Bailout plans, new regulatory schemes, and monetary policy moves won’t be enough to spur a robust, long-term revival of American economic opportunity without some renewal of what was once understood as the work ethic—not just hard work but also a set of accompanying virtues, whose crucial role in the development and sustaining of free markets too few now recall.Malanga goes on to explain just how he thinks American free market principles have become detached from the Protestant work ethic that grounded them both philosophically and politically.In place of a steady, patient accumulation of wealth, they would find bankers and financiers with such a short-term perspective that they never pause to consider the consequences or risks of selling securities they don’t understand.In place of a country where all a man asks of government is “not to be disturbed in his toil,” as Tocqueville put it, they would find a nation of rent-seekers demanding government subsidies to purchase homes, start new ventures, or bail out old ones.