Materialism Our One God
By Sudha Hamilton
Today in the harsh daylight of our overcrowded cities, in developed nations around the globe, we are encouraged to worship only one god, the holy dollar. People are rushing about in their cars, and on public transport, to reach their destinations, their places of work and of investment, where labour and lead may be turned into gold. Sitting at terminals, tapping keys, in the hope that interest rates will rise or fall, that the market will strengthen their position; and that bears will turn into bulls. If you can imagine an animated city scene, with hundreds of besuited pedestrians crossing the pavements, all with a cartoon circle above their heads, showing their thoughts as a dollar sign. This is the charge of the light brigade, where horses have become mobile phones and helmets and swords, iPods and sunglasses.
Newspapers, and online sources, today are filled with economic imperatives, and this obsession, which began in the late nineteen seventies, has become the overriding concern for dad and mum; and their kids. Money is on everyone’s lips and in everyone’s mind, how to get it, how to make it, how to keep it; and how to hide it. Everyone’s become a banker and governments are complicit in this – the tax department has driven these changes , as your tax return became more and more complex, you had to think like an accountant to make sense of it. Paul Keating, as rock star Treasurer, had a hand in it, as he, and PM Hawke, deregulated the banks and made public announcements about “banana state economies.” Suddenly everyone had to get up to speed on the balance of payments and interest rate figures daily made the front page. It was like a crash course in economics, skewed with the dramatics and sensationalism that sells papers.
There are and were positives, about this new found economic literacy amongst the hoi polloi, as people are always empowered by knowledge. In this new era of freedom, individuals and groups, were able to break down decades and centuries of banking obfuscation, to achieve their wants; even women, who had been particularly disadvantaged by the prejudices of this male dominated industry. Economic growth came spurting out, after years of lazy conservative rule, people got money and invested it in new businesses and real estate – the housing market exploded. Of course we got some excessive behaviour, Alan Bond, Christopher Skase etc but generally it was much more for the good, as a greater number and spread of people were enabled to become productive.
However, and I will use a controversial analogy here to illustrate my point, the economic awareness grew and has now become such an overweening thing that it has strangled all other gods. I liken it to the historical journey of Western women, from their hair covered and protected imprisonment in wifely roles, through the suffragettes and then the women’s liberation movement, up until now in their emancipated state from legislated prejudice; but still with the biological necessities to be women. This potentially challenging, dichotomous position is most dramatically seen in the form of the traditionally attired Islamic woman, as she represents the other extreme pole, as if she has just stepped out of the pages of history into the twenty first century. I respect the fiercely won freedoms of today’s Western woman, but also see the conflicting impact that the demands of the world have made upon the inner life of some women. In a similar vein, today’s awareness of the economic imperative has damaged the inner life of us all, removing perceived value from other pursuits not so closely held to the material bosom.
As Science, in the service of money, has slain the Christian religion, condemning it to the irrelevancy of a surfeit of poorly attended suburban churches clamouring for ageing attendees, the great god avarice has filled the breach. Materialism, what you can buy with money, has taken hold of head and heart inside the majority of us all. What is the holiest, most sacred, thing that you can purchase? It is of course the home, a house or flat, villa or apartment, but a home by any other name just the same. This haloed quest, the often life time journey devoted to owning your own home, is, in Australia anyway, a culturally approved goal that lies beneath the day to day activity of millions. It gives meaning to life to many of these people, and I imagine the banks must really love it. It reminds me of the association between diamond rings and marriage; doctors, pharmaceutical drugs and illness; and other firmly entrenched cultural beliefs. How do you get people to work all the time and do it more or less willingly? By making what they want so expensive that they have to. If the average home is priced around nine times the average income, and you have to borrow hundreds of thousands of dollars from the banks at substantial and fluctuating interest rates, then you are going to be tied into working for a very long time. Mentally, by the time you have paid off your house and loan, you are often so brain washed into that behaviour that you go on working anyway. Homes bought as investment properties, charge rentals at a market value so determined, that they can pay off housing loans and or profit accordingly – thus making shelter/housing expensive for everyone. The goal for many in owning their own home is financial freedom, which often really means, once achieved, becoming a landlord and profiting from others, for money as they say does not stand still and you will be advised by those who work with money to invest your new found freedom in more real estate; and the cycle continues.