Saturday, January 14, 2012

Capitalism, Morality and the Super Bowl

I have really just about had it with the pious and uninformed posturings of GOP presidential candidates, with the cheering follow-ups from the Democratic White House, about capitalism.
Capitalism is neither moral nor immoral. It is not a vulture or a canary. It does not sort out good from bad motives or humaine from inhumaine acts.
Capitalism is not alive - it does not have a brain or a soul, or even a mother to guide it along the treacherous path to moral rectitude.
Capitalism is a market system that uses money and ideas to follow where the money and ideas lead, in the hope of making more money and creating more ideas that will in turn make more money. To expect it to be moral in the pursuit of its inanimate ends is to expect a rock to bleed.
Whoa, you say. Capitalists are in charge of capitalism. True enough. But, capitalists can be constrained by many things -- cultural and moral values, religious convictions, the law, and outraged customers. And, capitalists are not the same as capitalism because they are alive - they have a brain, a soul and a mother to guide them along the treacherous path to moral rectitude in the pursuit of making money.
So, I suggest we stop beating up on capitalism. It performs very well in providing jobs, products, innovation and tax payments to any economy that recognizes it as a useful tool.
But, if we are not happy with the people who are involved in the capitalist process, let's say so. Let's tell them to stop killing jobs, to stop skipping town for another place where the rules are easier, to stop fudging the truth about their goal -- which is to make money in a capitalist environment.
But, let's be clear. Every time we make such criticisms and follow them up with rules and regulations and constraints about how the money and ideas of capitalism can and cannot be used, we are making it less likely that capitalism will succeed in providing as many jobs and products and innovation and tax payments to the economy as it would if left free of constraint.
Americans are waxing poetic about capitalism these days, wanting it to do its best for the economy by providing jobs and products and innovation and tax payments, and complaining bitterly about anyone (the White House as an example) who stands in the way.
But, at the same time, these Americans are condemning Mr. Romney for using the very tool - capitalism - that they pretend to prefer as the engine to drive the US economy back to good health. 
You cannot have it all ways. Capitalism works. It provides what we want - jobs and products and innovation and tax payments - but if we succeed in handcuffing so completely that it looks like a Sunday School teacher or a referee trying to keep Super Bowl players from ripping off each other's heads, it will die. And so will the jobs and products and innovation and tax payments. Ask the Soviet Union or the European Union, if you don't believe me.

1 comment:

  1. Super Bowl players ripping heads off? Rats, I missed that game.

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