Mr. Smith strikes again

In today’s New York Times Greg Smith, a Goldman Sachs executive, publicly submits his resignation citing, among many other scathing reasons, the decline of the once morally sound corporate culture. This article is already receiving a volley of follow up publications from the skeptical to the satirical. And why shouldn’t it? It endeavors to critique the failings of today’s society, something we don’t take kindly to: criticism.

What makes this op-ed of such paramount importance is not what it says about one company, but the light it will inevitably shine on our society in the backlash that will undoubtedly follow. Like a childish tit-for-tat, I expect we will see media polarization of good vs. evil when it comes to talking about Mr. Smith. And the very process by which this “conversation” will unfold is the chilly reality of the world in which we live, and the qualities to which, by inference, we can reasonably assume Smith’s piece spoke.

I have in mind a few scenarios. First, following the negative publicity bound to be endured, Goldman Sachs (and others in comparable positions) will begin by discrediting Smith’s character. Either we can expect to hear that he was set to be let go, and in a clever attempt to capitalize on first-mover advantage, Smith tried to preemptively combat personal shortcomings by focusing blame on the company; or, that this was a childish attack by a disgruntled employee. Second, Goldman Sachs may refuse to acknowledge the attack, thus undermining Smith’s importance entirely, and proactively establish positive-spun PR campaigns to subconsciously reestablish a good image.

None of this seems revolutionary. But this is precisely why it is so important. We have accepted, either consciously or subconsciously, the way in which business, media, and society at large operates. It is indicative of the larger epidemic occurring these days: the acceptance, indeed encouragement, of the lowest (moral) common denominator. The transition from qualitative to quantitative analytics has allowed us to gauge success numerically, as detached from values (aside from monetary ones, that is).

Like the political to-and-fro of recent name-calling with respect to Rush Limbaugh’s controversy, we no longer address situations from the perspective of open and informed debate. Rather, issues are painted in such stark black and white contrast that there is no room for critique, only attacks. The further down this road we allow ourselves to travel, the less likely we are to advance.

Like Edgar Allen Poe’s pendulum swinging from extreme sides, the mechanics of today’s society prohibits anything in the middle from trying to stop polarization on pain of death. I eagerly await the reciprocation of Smith’s piece. Hopefully, I’ll be proved wrong and some fruitful discourse will take place. More likely though, the camps are already divided and trenches dug. I can’t help derive some satisfaction out of the fact that the devision factor on this particular issue, however, comes from a Mr. Smith. Moral philosopher, economist, polemicist. Can it merely be a coincidence?


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