Which World? Lecture Six

This post offers a shorter summary of Professor Kathryn Tanner’s final lecture, after which I have invited three contributors to help us conclude the series: Professor David Fergusson will offer his ‘vote of thanks;’ Dr. Lydia Schumacher will contribute her statement from the New College Giffords seminar; and a postgraduate student, Rev. Russell Almon, will engage with the content of this final lecture. As always, I would welcome your own comments, either on this particular lecture or on the series as a whole. The lecture video is available at this link.

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Kathryn Tanner begins her final lecture by reiterating her intent for this series, namely, to dissociate Protestant Christianity from the new work ethic of finance-disciplined capitalism. To this end, she challenges the moralising and individuating effects of the new spirit of capitalism. Tanner cites examples such as performance pay, in which individuals are singled out through competition, and state welfare provision, in which people are appraised on the basis of future benefits they might provide society (rather than as part of a class, say). In these ways, finance capitalism places one in a competitive relationship with others, a dynamic that extends to more and more people with increasingly direct forms of rivalry. Even so, one remains dependent, for the ability to profit depends in ‘an unusually intense way on others,’ that is, whether they buy or decline to buy (so long as their choice is not ahead of your own!). Continue reading

Chained to the Past: Lecture Two

What follows is a summary paraphrase of Kathryn Tanner’s second Gifford lecture (see also the night’s live twitter feed at #GiffordsEd). It is necessarily brief, lacking many of the vivid examples Tanner uses, but I hope it will provide a refresher for those who attended the lecture as well as a preview (of the video that is, as of Thursday morning, available here) for those who could not be with us. Whichever group you find yourself in, I invite your comments and questions in the field below.

Kathryn Tanner outlines the way in which finance-dominated capitalism structures our sense of time. She details how the past comes to constrict both present and future, as exemplified in the psychological and social effects of debt. Whether in the form of student loans or mortgages, a thirty-year commitment to debt-service does not factor in future uncertainties in the job market, creating a pressured combination of unyielding demand and instability.

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Tanner then shows the disturbing effects of a ‘core-periphery’ organisation of labour. Here, the corporation’s more profitable ‘core’ (the design & marketing team, deal-makers) is retained as company employees while the so-called inessential services (data entry, janitorial and maintenance) are outsourced or made the responsibility of subcontractors. Under the target of maximising shareholder value, ‘profits are forced ever lower as one proceeds down the nested chain of suppliers.’ Continue reading