Nolan’s Odyssey highlights the $40 trillion national debt crisis facing America

Review of 'The Odyssey': Matt Damon stars in Christopher Nolan's grand film

Reflections on The Odyssey and Today’s Challenges

The most unsettling moment in Christopher Nolan’s adaptation of The Odyssey isn’t really about the mythical creatures or sea disasters. It’s something much closer to home—literally.

Picture this: a crowd invades Odysseus’ palace in Ithaca. They butcher livestock, drink all the wine, and lounge around, pressuring his wife to choose a new husband. Each day, they chip away at resources, as if claiming land that doesn’t belong to them. Telemachus, Odysseus’ son, helplessly watches. He’s just a kid, without any power, military backing, or even a clue about when—or if—his dad will come back.

This isn’t a problem confined to the Bronze Age.

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The national debt is poised to surpass $40 trillion. In my previous role as an M&A banker, I’ve assessed the worth of things. You can put a label on that number, but ultimately, it’s a burden passed down to those who haven’t even had a say in our decisions.

That chaotic scene at Odysseus’ home mirrors our own situation today. The suitors weren’t monsters; they were just everyday dudes, acting on familiar motivations, unchecked in a space where no one intervened.

Socrates once suggested that those who crave wisdom should lead. So, how are we faring with that idea 2,500 years later? I can almost hear him questioning our grasp of his “national flag.” The skills it takes to elect representatives aren’t necessarily the same as those needed for effective governance. It continues to amaze and perplex.

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We’ve seen dramatic shifts since 1776, when our founders expressed serious concerns about factions in the founding documents. They initiated Article 1 of Congress, not just as one of three branches, but as an institution tasked with lawmaking. It’s surprising how much of that responsibility has drifted to the other two branches, and how Congress has accepted this shift.

Fast forward to 2001, and things had shrunk again by 90%. People were just observing as a Democratic president teamed up with a Republican Congress to create budget surpluses while enhancing trade. I mean, if you told them we’d end up here—amid a global trade war and mired in $40 trillion of debt—would they have believed it?

You can trace the data, and though each point gets closer, it’s a troubling downward trend.

So, how did we arrive at this juncture? At the core: incentives.

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People respond to the system, yet very few really grasp the issues. This lack of understanding often leads to a loss of true speaking power. We cheer for political “teams” similar to how we support sports clubs, handing over our authority to representatives mostly chosen by party lines.

The founders’ warnings about factions resonate even now. They set up Article 1 of Congress to ensure lawmaking was a priority, not merely one part of a tripartite system.

Wealth and the well-being of citizens work hand in hand. Countries with the most robust safety nets don’t have them because their leaders are inherently virtuous. They achieve that because of prosperous economies that reward productivity rather than opportunism. If we can better align what motivates citizens with our understanding of real legislative processes, we can enable capitalism and democracy to elevate the disadvantaged.

Nolan’s conclusion diverges from Homer’s. In his version, Odysseus clears out the suitors but realizes he can’t remain. After taking lives and usurping authority within those walls, he understands he has to relinquish his rule. He hands the crown to Telemachus and voluntarily chooses exile.

This reflects our current predicament. We’re transferring wealth to future generations while dwindling their chances of inheriting anything substantial.

Plato viewed democracy skeptically, fearing that the average person wouldn’t evolve into a lover of wisdom. Given the era he lived in—without modern educational tools—he had a valid point. Today, in this information age, anyone has the opportunity to educate themselves more effectively than many of the brilliant minds from ancient Greece, yet there’s little drive for many to utilize that knowledge.

We need to change that narrative. By leveraging our current technological capabilities, we can strive to make our ancestors—from 2,500, 250, or even just 25 years ago—proud. Imagine if we tackled some of those significant yet manageable issues.

No one is cleaning up the chaos in that hall. Our grandchildren will inherit the mess. For centuries, we’ve debated who should hold power in society. Maybe we’re framing the wrong questions. Perhaps the focus should be on how to encourage ordinary people to strive to be “lovers of wisdom.” My grandson would certainly prefer that those who value wisdom guide our society. Don’t you think?

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