Multiple anxieties

August 18, 2011

On a recent episode of Marketplace, after another
day of "volatility" in the stock market, host Kai Ryssdal asked New York bureau
chief Heidi Moore about that particular day's anxiety, apparently caused by
untrue rumors about a French bank. Moore pointed out that "all you really need
to destroy even the strongest bank is a rumor." In the same interview, Ryssdal
asked what might take us back to the panic of 2008. Moore's answer was
essentially the same: rumors and innuendo. We are vulnerable to the realities
produced by our own anxieties.

While this seems to me a rather facile economic analysis, it
highlights the odd reality that the markets are as much a psychological
phenomenon as a tangible one--and that the current state of their being is
anxious.

In an essay in The
American Scholar,
poet Christian Wiman addresses this "hive of nerves." We
frequently discuss and devote many hours of our day to the anxiety of daily
existence, he writes. This anxiety pervades nearly every aspect of our lives
and seems, collectively and individually, to be on the rise.

But Wiman suggests that we might distinguish between this
quotidian anxiety and the anxiety of existence itself. We almost never discuss
or devote time to the metaphysical and existential dimensions of our worry.
What is behind the volatility of the markets? Perhaps it is the unaddressed
issue of our very existence on the planet, the unresolved meaning of our being.
We are constantly distracted by the uncertainties of our days. And yet, as a
society, we have no way to address or approach the fundamental questions of our
existence.

What common vocabulary might we find? Wiman doesn't pretend
to have answers, and he doesn't imagine that Christianity or religion is an
answer in itself. But he does believe that by looking through the lens of faith
we can begin to perceive the outlines of meaning and purpose--and that doing so
responds to anxiety, even if it doesn't relieve it altogether.

Comments

MONEY

I worked on Wall Street.  Now I am a pastor.

Everyone presumes Wall Street is about numbers— dollars and cents— and that is merely and only about facts and figures— in short— calculations.

Wall Street and business is only about emotional highs and lows and the ups and downs of the market these create.

Further, the “Wall Street Journal” is not about business.  The “Wall Street Journal” is the biggest gossip column published.  It has nothing but gossip about business day after day after day after day after day.