Money and Class in America (book)

Lewis Lapham Money and Class in America (1988) Lapham’s jeremiad against money worship in the USA. A text rich in anecdotes supporting statistical generalisations. Lapham was raised within an upper-class San Francisco family, and should have become another of the idle rich. Instead, he went to work as a journalist. His origins gave him unquestioned access to the rich, his work gave him opportunities to publish his observations. His subtitle is Notes and Observations on the Civil Religion, which indicates his thesis. The upper classes worship money; the rest of us have taken up the same faith.
     Lapham documents the corrosive effects of this worship, and I emphasise documents. The effects are in the first instance personal: money worshippers find themselves ever emptier of, and ever more hungry for,  the satisfactions they believe money will supply. But the upper classes are also the rulers, for they can suborn the democratic governments that could and should keep them in their place. And the upper classes are role models, so that the people ape their soi-disant betters, and fall into the same trap.
     Thus the effects of money worship are seen at every level – the personal, social, cultural, economic, and political. Lapham is too shrewd to claim that his thesis amounts to a  theory of American decline, and certainly doesn’t claim that it explains everything. But it explains a lot. The obvious parallels to Rome before the barbarian invasions and France before the Revolution are lightly sketched, but not less frightening than a thorough analysis would be – more frightening, in fact.
     Lapham writes well, and has a knack for the summary epigram and the bizarrely accurate simile. Eg, “[The rich man] never knows why other people do what they do because it never occurs to him that other people have obligations to anyone other than himself.” 

**** (2000)
      Update 2012:  Current reality is worse than Lapham foresaw.