Daily Archives: April 24, 2014

The New Gilded Age

At the very beginning of the Gilded Age, Louisa May Alcott wrote the novel Eight Cousins. In the course of that novel, she offers several pointed moral critiques of the American love of money, as in this exchange:

“‘Yes, but there’s no time to read nowadays; a fellow has to keep scratching round to make money or he’s nobody,’ cut in Charlies, trying to look worldly-wise.

“‘This love of money is the curse of America, and for the sake of it men will sell honor and honesty, till we don’t know whom to trust, and it is only a genius like Agassiz who dares to say, “I cannot waste my time in getting rich”,’ said Mrs. Jessie sadly.”

— Chapter 17, “Good Bargains,” Eight Cousins

Today we live in the New Gilded Age. The only reason to read now is to learn how to make money. Morality is tied to value in dollars. And if we have any Agassizes today, their voices are so few and so quiet that they can’t be heard over the clamor of the marketplace, where everything and anything — honor, honesty, morals, trust, duty — may be bought and sold.