tisdag 16 augusti 2011

Ruthless Capitalism

I came across a piece recently discussing a problem whose causes were attributed to "ruthless Capitalism". What other kind is there? But then, what is Capitalism anyway? Capital is the fisherman's boat and tackle, the workman's tools. That is not ruthless.

The term Capitalism is bandied around freely, but what precisely is Capitalism as a system of economic organisation? Almost nobody has ever taken the trouble to dissect it and expose its constituent parts. Marx used the term sloppily, promoting confusion and contributing to 100 million deaths in the last century.

To judge from its fruits, it cannot reasonably be claimed that Capitalism is untainted. If the concept is dissected, its intrinsically evil components are readily discernable. Any notion of "caring Capitalism" is an oxymoron.

The primary evil of Capitalism is the private appropriation of the goods provided by nature, in particular, the surface of the earth, and following on from that as a consequence, the charging of interst for money loans. Both are, incidentally, contrary to the teaching of scripture.

There no more moral justification for claiming ownership of the surface of the planet than there is for claiming ownership of air. According to that principle, and if the technology made it possible, it would be acceptable to remove all the oxygen from the air and sell it back to people at the going market price. Nor is there any moral justification or economic necessity for the charging of interest. It should neither be expected or charged.

If the components that are systematically evil were to be stripped out, would not be Capitalism but something else.

The main excuse in support of Capitalism is that the only alternative is socialism which has always failed. This is a mark of lazy thinking. There are other models altogether.

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