The stock market remained on a virtual plateau from 1968 until 1983—hardly a sign of vigorous national health. Our long-term decline in productivity indicates economic anemia. The national debt continues to soar even when a President espouses fiscal conservatism and Congress passes the largest single tax increase in its history. There are also many social and political problems: decay in our inner cities; rising crime; environmental concerns; and many international crises. Under these pressures the culture is beginning to manifest some neurotic characteristics as it develops many negative attitudes. There is a growing sense of nonspecific guilt. We seem uneasy. The prophets of doom and those who point to the indomitable human character and preach technological salvation both seem unable to diagnose the cause of our growing national depression. What is its cause? What is its ultimate consequence? What is its cure?
Chewning, Richard C. 1983. "Can the Free Enterprise System Survive in an Ethically Schizophrenic Culture?" E.C.R.S.B. 83-7. Robins School of Business White Paper Series. University of Richmond, Richmond, Virginia.