There was a lecture on ‘The Great Gatsby’ by two professors at the
University of St. Thomas recently. During that discussion, the question came up
about the ‘American Dream’ and if F. Scott Fitzgerald was really talking about
this iconic (really world-wide) focus on success and prosperity in his novel.
Is ‘The Great Gatsby’ really a metaphor for the great American dream? If so,
then what is success?
In this Trump-infused world, many have been led to believe that the accumulation of material goods such a money, cars, homes, and material possessions are true signs of success. In the real world that so many of us live in, the true sign of success is doing what you want to do with your life and enjoying it. Of course, that trite quote doesn’t get a lot of ‘hits,’ ‘downloads’ or ‘notices’ in our over-caffeinated latest, greatest, most stupendous (often outrageous) social media statements.
This focus on success wasn’t always so cloudy in this country. There seemed to be a clearly delineated pathway in terms of financial advancements for the average person. After World War Two, there was unprecedented growth with the GDP. For several decades, the middle class grew and prospered. Unfortunately, that growth slowed and gradually lost its luster beginning in the late 60s and early 70s.
The intertwinement and entanglements of business and political interests had been going on for a long time. It was an open secret that lobbyists weld an enormous power in Washington for the vested good of special interests and the moneyed elite. It was the middle class who were getting the short end of the dollar stick in most of these transactions, arrangements and agreements made into law.
Norman Lear’s autobiography ‘This Too I Get to Experience’ touched on the same subject matter……short-sighted vision instead of long-term perspective. Lear talks about a conversation he had with a Harvard professor who lamented ‘the most rapacious societal disease of our time: short-term thinking.’
The professor explained: “There will be a time very shortly when young
people-very young people- will be looking into computer screens. They will be
looking directly into screens, not to the side, so there will be no peripheral
vision; they won’t be looking over the top, so they won’t see what’s ahead;
they’ll be staring straight ahead into those screens, blind to everything ahead
and around them.”
“Money managers and financial product traders will be selling, buying, and swapping financial products around the world. With that narrow focus, like a horse with blinders, they will have more control and hold more power in those split seconds than we can today imagine. And all of it entirely focused on short-term gains.”
Back in 2008, the near collapse of our world-wide financial system, and Wall Street in particular, should have been a wakeup call for all Americans to pay more attention to their wallets and events happening around them. Unfortunately, not much seems to have changed over the ensuing years. Every day there are new financially-coated products, events, angles, schemes, and ‘can’t lose’ facades presented to the general public.
To that end, reinvention and financial literacy should be a topic of interest that every American should acquaint themselves with. ‘What is financial literacy all about, you may ask? Essentially, it is the ability to use one’s knowledge and skills to effectively manage financial resources, ideally for a lifetime of financial well-being. Indeed, financial literacy is something we all have to work on each day—it’s part of our ongoing education.
Despite being a relatively new field of study, financial literacy has
become increasingly important for governments and citizens – without it there
can be broad implications for the economic health and stability of countries.
It simply comes down to that old, worn, yet so true cliché: Let the
buyer beware. We all have the responsibility to listen and learn for ourselves
instead of letting someone else do it for us. To use common sense instead
of group-think and to forge our own path to enlightenment instead of following
the crowd. Reinvention is another approach to ponder.
My own story of growing up poor has been chronicled in many blogs over the years. Again, it wasn’t something my friends and I were acutely aware of aside from the lack of a family car, no summer vacations and few material things around the house. Most of us started working at an early age and accepted that as ‘par for the course.’ I chose a different path for myself.
Sharon began doing chores on the farm when she was six years old. If the bulk tank wasn’t cleaned twice a day, her dad couldn’t sell his milk as grade A and there wouldn’t be a milk check at the end of the month. She remembers growing up with no sink in the kitchen but a shiny new bulk tank instead in the barn. She also chose to not follow her peers and remain on the farm. Higher education and the world of academia beckoned her attention.
One of the St. Thomas professors commented that usually it isn’t the ‘most likely to succeed’ senior who becomes the artist, writer, inventor, etc. More often than not, it’s the outcast, the shunned, the under-represented. But it’s not one of ‘those folks.’ The IN crowd need not apply.
Reinvention is one approach to seize the opportunities present and not
follow the masses. As nebulous as words like ambition, hunger, and striving
might be, the simple fact is that nothing much has changed over the years. The Gilded
Age and Nick’s ‘roaring twenties’ both manifested the same trite cliches and
banner headlines. Today, one’s knowledge of the truth behind the façade goes a
long way in this new world of podcasts, social media posts, and TikTok
nonsense.
Yes, prices have gone up, some opportunities have disappeared and sometimes the future can be a dark and bleary horizon for a lot of folks. But the simple fact remains that a lot of the cliches about success we’ve heard over the years still ring true. These are all simple, sometimes simplistic but true statements. Bottom line; it’s all up to you.
Do I know if the American Dream still exists? Frankly, I don’t know but
I have to believe it does…and has for generations. It’s still up to each of us
to find our own way in this crazy, exciting, sometimes contradictory world. If
not us, then who?
