When Midas Came to Town

Over the holidays, I read a Jane Smiley book I really liked called Good Faith. The wonder of it is that I liked it so well considering it was actually about bad faith, greed, dishonesty, and infidelity, but I think that's a tribute to the author's talents. She seems to have a knack for looking at human weaknesses without losing her sense of humor, and she writes so well that you're entertained just by dipping into her sentences. I admit that I didn't enjoy her Pulitzer Prize winner, A Thousand Acres, which was rather grim, but I've found some of her other work to be very rewarding.

Good Faith is about Joe Stratford, a small-town realtor in an unspecified mid-Atlantic state who has a good though unexciting life when the story opens. He's good at his job, conscientious, and well regarded by others in the community, most of whom he's known his entire life. He's divorced but neither bitter about it or in a hurry to get remarried. He's a devoted son. His circle of friends includes a developer who is something of a father figure to him and whose family is like an extension of his own. He enjoys his work.

Things begin to change when a newcomer to the community, Marcus Burns, breaks into Joe's circle and shakes up business as usual with some rather ambitious ideas about real estate development and other investments on a grand scale. With his impeccable attire, smooth manner, and winning ways, he's soon able to convince Joe and his partners that they can all get rich if they'll only start thinking "big" and forget about the way they've always done things. It's entertaining but sad to see the way they let go of their doubts, one by one, and succumb to his get-rich-quick schemes despite knowing little about him and even entertaining doubts as to his credibility.

The reader can both foresee the likely result and also understand some of the reasons Marcus succeeds in getting others to invest in his schemes. He's a consummate motivational speaker and has just enough knowledge (along with oratorical ability) to lend conviction to risky projects simply by suggesting that times are changing and that ways of doing business must change along with them. Winning over Joe is a big part of his strategy, since everyone trusts Joe and believes that if he's involved in something, it must be OK. Joe is so intrigued and entertained by his new friend that he manages to stifle his own doubts, especially as most of those who voice concern about risky new real estate ventures are people he considers out of touch.

Without fully realizing what they've gotten into until it's too late, Joe and his partners end up taking a wild ride fueled by visions of the billions of dollars they're assured are theirs for the taking. Joe gambles away nearly everything on the charismatic nature of his new friend and takes several of his old friends down with him.

I think the story appeals because it's about people who seem quite human and ordinary; I feel that I've known people very much like the ones in the book and, without exactly wanting to be them, could step into their world without much strain to the imagination. In addition, the microcosm of the story mirrors larger events in our country's economic history. While set against the S & L catastrophe of the 1980s, it's also a reminder of more recent economic disasters that resulted from throwing all caution to the wind. It's a bit of an "emperor has no clothes" story.

Although things end rather badly for some of the characters, Smiley inserts a bit of optimism at the very end after you've stopped expecting it. Having lost a lot of other things he once had, Joe finally finds love. I liked the way Smiley has Joe describe this experience in terms his very religious mother always used but that he never really understood as "grace acting in the material world." His epiphany seems to make the sun come out once again after a sad season of greed and loss without seeming at all like a sentimental or maudlin conclusion.

Reading this story is a little like watching the unfolding of a Greek tragedy in which hubris plays a large role, except that the ending is more optimistic. It's classic tragedy by way of American optimism, maybe. The characters in Greek drama rarely seem to get a second chance, but in America, if they persevere long enough, sometimes they do.