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Archive for the 'Adam Smith' Category

Kids do say the darndest things

October
9

A few weeks ago, before the economic meltdown set in, my youngest son greeted me with the announcement: “I’m a communist. And an atheist.” And good morning to you, too, son.

For a kid who hadn’t turned 14 yet, that was a pretty big deal. He explained his reasoning:  The world would be better place without rich or poor. As for God, he just didn’t think he/she existed. I could identify with that last point. Somewhere around 11 or 12, I was stricken with doubt about the existence of the Big Guy.

The communist part brought up a rush of feelings: My son is for fairness and equality (Good thing!); He believes in a failed economic system that’s produced some nasty leaders (Bad thing!); What kind of terrible parents are we? (OK, that’s my issue: worrying what others might think); and finally, he’s lucky this it’s not 50-60 years ago, or he’d get blacklisted.

Since my son had read a book on Marxism and a warts-and-all biography on Mao Tse-Tung, I suggested he might want to read about the father of capitalism, Adam Smith. Then he would know what Marx was criticizing. No, my son said, he was worried someone would think him a capitalist if he was seen with the book.

Since kids tend to be contrary, I didn’t make a big deal over any of this, though I explained that there might be some good things about the market system. And then the stock market crashed and my 401K plan deflated. I guess this is one of those teachable moments, for both of us.

Posted by Len Maniace on Thursday, October 9th, 2008 at 9:11 am |


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About this blog
Parents’ Place is a hangout for openly discussing the A’s to Z’s of raising a child in the Lower Hudson Valley. From deciding when to stop using a binky to when to let your teenager take driving lessons, Parents’ Place is here to let us all vent, share, and most of all, learn from each other.
Leading the conversation are Julie Moran Alterio, a business reporter and mom of a toddler, Jorge Fitz-Gibbon, a reporter and single father with joint custody of a 9-year-old son, and Len Maniace, a reporter and father of two sons.


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About the authors
Julie Moran AlterioJulie Moran AlterioJulie Moran Alterio, her husband and baby girl — “Pumpkin” — share their Northern Westchester home with three iPods and more colorful plastic toys than seems necessary to entertain one tiny human. READ MORE
Jorge Fitz-GibbonJorge Fitz-GibbonJorge Fitz-Gibbon has been a journalist for more than 20 years and a father for nine. READ MORE
Jane LernerJane LernerJane Lerner covers health and hospitals for The Journal News in Rockland, where she lives with her husband and two children. READ MORE
Len Maniace.jpgLen ManiaceLen Maniace is a reporter and father of two sons. READ MORE



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