This is a copy of a speech I will give to the graduates and their parents of the SOU Honors College in about an hour.
It is a departure from the normal format of this blog, but only partly so. In my talk I address the same issues which have dominated politics in America for the past two years.
The forces of globalism, world trade, automation, and the movements of people have caused dislocations and resentments in the developed world, roiling the politics of the US and Europe. Progressive voters need to address the problems those forces create. But I think that those forces need to be mitigated, not rejected. Progressives need to work with them, not fight them. Only the Amish are in a position to reject those forces and it is too late to go back.
My Speech:
Greetings Students and Guests,
If at any point what I say is different from what Ken
Mulliken has told you, go with Dr. Mulliken, not me. He finished his PhD in history and I dropped
out of mine. I came out of college
wanting to have a life of significance.
First I thought I would do it by writing and teaching history. Then I thought I would do it by being in
political office.
From the Honors College Facebook Page |
I discovered the world didn’t want to be changed all that
much, and certainly not by me. Oh. I thought people would like me if I held
political office. I wasn’t paying
attention.
I didn’t think having a 30 year career in business had much
to do with making the world a better place, but I changed my mind. That’s what I am going to talk about today.
First of all—congratulations. You should be proud and grateful. Thank your parents for the great DNA.
Now this is risky business but I will ask, are there step
parents here? Step parenting is a
tough, thankless job. Some of you will
learn that. Thank them, too.
I want literature majors to know there is money in being a literature
major. We know about Hansel and Gretel
and the evil stepparent. Prince Hamlet’s
uncle became a step dad and Hamlet thought he was a murderer. Are there any
good-guy characters in myth or literature who are step-parents?
Raise your hand and shout it out if you can think of
one. There is $20 in it for each of you. Just interrupt me at any time. This way you folks have something productive
to do while I talk.
Oh, speaking of money.
Is the student here who advised me on Facebook to be brief in this speech? Justine. Come forward. She gave me advice on the Facebook page, the
only one who did. She said to be funny and brief. I like initiative and I think it should be
paid for. Here’s $20.
I still think of $20 as a lot of money. When I was your age, doing work study
cleaning bathrooms and checking out books, I made $2 and hour. This is ten hours work cleaning toilets. So here is a businessman’s lesson. Money can lose value.
What I am doing here is trying to shake up a college
mentality, which I certainly had back in the day. I want you to think that maybe a job in business or commerce is actually worthwhile, serving the good work of the world.
That’s what happened to me.
I worked for Wall Street firms, the least popular subset of global
companies. I realized I was in a
helping profession. Sort of like Dr.
Mulliken.
Justine, have you thought of what you are going to buy with
$20?
This Year's Graduates, from their Facebook page |
Actually, I have another lesson for you. A lot of you are going to get rich. It is going to happen. You may not even set out to get rich but in
America the kind of people you are—high achievers--often get rich. I want you to imagine it.
Accept it and integrate it.
Don’t fight it. The world will insist you pay taxes. That’s right, 39.6% federal, 2.9%
Medicare, 9.9% state. Oh, and 6.2% for FICA, which is social
security. Then some deductions. Call
it 50%. Justine, that $20 was never yours, now that
you are thinking like a rich person. Only
half of it. Please bring one of those
$10s to Dr. Mulliken. Pretend he is the
government.
Don’t think Ken Mulliken is getting rich, either. He will have lots of claims on that
money.. Most of it goes for defense,
protecting you from thieves and raiders.
That’s the mascot of the school, right.
We’re surrounded by raiders but you are safe here. Good job, Dr. Mulliken.
Some of you may think that was sort of unfair or cruel. Rewarding her then taking away half of it in
taxes. There may be some Ayn Rand folks here in the
room who imagine that if there were little or no government we would have a
glorious paradise of industrious free enterprise prosperity, everybody hard
working, industrious, orderly, rule of law, private property respected, and
Justine would keep it all.
Actually there are plenty of real life examples of what
happens when governments collapse. Remember,
Raiders. Well Somalia has warlords, roving gangs, pirates
and kidnappings for ransom. The default without
government is gangs with guns. When governments collapse you don’t get
freedom and wealth, you get refugees.
Paying Dr. Mulliken is the price of civic order. Its worth it.
Anyone thought of a good stepparent in literature yet? Keep thinking. Make some money.
OK, I watched the awarding of the stole ceremony and I was
thrilled. You’re getting ready to go off
and do good things, Teach for America, change the world. I remember the college viewpoint really
well. You want your lives to be significant.
You look at a guy like me, lots of you anyway, and think,
maybe 30 years in business, fat windbag, another wasted life. At least Professor Mulliken made a difference in
the world.
Commerce is actually a pretty darned good way to interact
with the world.
For many of you commerce will seem selfish. You are a really
conscientious person. You want to do good, not just make money. You like Bernie,
maybe. You hate the grinding oppression
of globalism. You hate fracking. You are concerned about Climate Change. You want to empower workers. You
want artistic expression. You want a
better world!
So do I!
But let’s do a thought experiment. What is the most banal, meaningless,
commercial transaction you can think of?
You need gasoline and you buy it
at a service station. $20 worth of regular, please. Oops, taxes.
$10 please. The attendant puts 3
gallons of gas in the tank, you hand him $10.
Meaningless, right?
Not to me. I liked it. Feed the hungry, service the transportation
needs of the sojourner..
It is not exactly the college way of thinking, where salaried
public employees serve to instruct brilliant young minds, but think about it. Many of you want to serve the community, achieve
world peace, feed the hungry, and clothe the naked. How does feeding the hungry get done? It looks
like a farmer planting wheat hoping to sell it to a baker who makes bread who
sells it to Safeway who sells it to you.
Exxon drills and refines petroleum to make money but that
very effort fulfills a human need. You
need fuel and are darned happy to see that open gas station when you are nearly out of gas.
Exxon has 70,000 employees, specialized people in
specialized roles all around the world to put that woman standing in front of a
pump at the exact moment you drive up. You have $10 and they have
gasoline. Good matchup.
This isn’t banal. It is exhilarating.
But what about artistic free expression? It is a good thing, and I like it in lots of
places, but not everywhere.
Let's start with the premise you want to be good and conscientious. You drive a Prius, you know, light footsteps on the planet. But
it was built by a multinational corporation with superb quality control, i.e. reliable
consistent procedures, every car the same, perfect. The value of a Prius to the planet comes
from its precision engineering and tight control of every detail of production. Not artistic expression and independence but uniformity and order. There is
virtue in that, too. The car starts
every time, and it sips gasoline.
I am urging you to have two ideas
in your mind at the same time. One are
the values that can flourish in a campus environment—a life of meaning and
significance--and the other is the idea that businesses, including global
corporations that are striving for profit, are also, simultaneously, methods
for making the world a better place.
Open your minds.
I helped people manage their
retirement savings for Morgan Stanley.
Clients paid me. Win win, a
better world
If you actually think you hate global commerce stop using
it. Throw away your cell phone and don’t
ride in cars. From my point of view,
getting people the gasoline they need is just as meaningful as a social worker
at a charity day care center reading a story to a 4 year old or a doctor or nurse
adjusting the IV of a patient or Professor Mulliken arranging a field trip.
There is
honor in every vocation.
Yeah, some of you are
thinking, but it is all about money,
not compassion and empathy. You want to
help directly. And my point is that even the least lovely
examples, the woman at the gas pump and the guy with the drain tool are serving
human needs.
You folks are high achievers. You probably believe in the Protestant
Ethic. Who here can tell me what it is? Surely
there is value in a history degree, at least $20 pre-tax right now. [Worldly success
comes from diligent prudent work and that success is a sign of God’s
favor.] $20 for anyone who offers it.
I said you would succeed because of your talent and
industry, and it will probably work out for you. But there is a lot of luck, including that
great DNA.. Justine
earned hers. If anyone has a good
stepparent example they would have earned another.
At random, is there a Mariah here? I glanced at a Facebook posting and saw a
bunch of names and just picked one. You
win. Here is $20. You get this for nothing. You just inherited it. You get to keep it all. No tax.
Sound unjust?
Yup. That’s how it
works in America. You might as well
learn this now in case
Dr. Mulliken left that out describing how your diligence would
lead to success.
There are two lessons here.
1. Rich people with
big estates have political power. Most
inheritances are untaxed.
2. Don’t assume a
direct link between money and worth. In
fact there is a loose connection. There
is a lot of luck involved.
Some of you are thinking that you meet a better sort of person in nonprofit,
artistic, government, and education work.
Not Wall Street windbags. My observation: There are jerks everywhere
and nice people everywhere, including in business.
My time playing the role of Polonius from Hamlet is nearly
up. “Neither a borrower nor a lender
be.” Yeah, right. Try to buy a house for cash in your thirties
without a mortgage.
Yes, you are
tomorrow’s leaders. Organizations want high
achievers. They will be looking you over.
So I will give you a couple of tips on how to get
ahead. Some of them you know: Get a reputation for being reliable and
responsible. If you say you will show
up, show up. Do what you say you will
do.
Here is another one:
be nice to the people at the office, even the people you think don’t
count. They all count. Don’t get a
reputation for wandering the halls wasting other people’s time with chitchat
but greet people in the morning and respect the people doing the janitorial and
clerical work.
A lot of you will step into your first or second job ahead
of non-college people who have been at the organization a long time. They might resent you a little, but they
realize that you might be running the organization in a few years. They want to weed out the jerks. Don’t be one. While your mind is on other things, they are
evaluating their next boss.
When the time comes for promotions, managers will talk to
the clerical staff, whether they know it or not. An eye roll or a frown from their
secretary—or the people who talk with their secretary—means more than anything
you present to the boss. Get their
respect. Give them respect. The clerical staff talk with each ogther and
they know everything.
Here is a last one, Dr. Mulliken may be too shy to say: be nice to SOU. For a few years most of you will be just starting
careers and won’t have a lot of money.
Send them a token contribution every year so you stay on their mailing
lists. Your situation will likely
improve because that is what happens to people like yourselves. Some of you will meander into careers that
do very well indeed.
Be generous back to
SOU. Its good karma. It puts you in a spirit of gratitude, which
is a better mindset than entitlement. Don't do it because you owe them. Do it because you owe yourselves the joy that comes from knowing you are passing along a great gift. SOU created an environment that nurtured
your education with a sense of community, and that takes money, especially
money from generous, successful alumni. That
is you. Accept the role. You are part of something big.
Be proud. Be grateful.
2 comments:
What a fun opportunity to show yet again the metaphorical value of $20 and simple virtues of respect and appreciation.
Edith Grainger's relationship with her stepdaughter in Dombey and Son by Charles Dickens. Is the offer still open? "Sage" advice that only comes from wisdom and experience: hold "two ideas in your mind at the same time."
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