Saturday, October 24, 2009

How is Capitalism Immoral?

Capitalism is immoral for quite a few reasons, not the least of which is the fact investment income is stolen from those who actually produce the wealth (via work, productivity, creativity). All wealth is produced. Investment income is merely purchased, producing zero wealth. The wealthier people are, in the U.S. for example, the larger the percentage of their income is derived from investment and not productivity. Thus it is stolen from those who worked to produce it.

Advocates of capitalism attempt to hide this by claiming wealth creation is not a zero-sum game, as if investment somehow magically produced wealth.

Another red herring is the idea workers enter the transaction voluntarily, but most people--in a purely capitalist arrangement--obviously would have no choice but to work to survive.

Another major reason is the fact that capitalism prioritizes production for the benefit of the wealthiest first, and the neediest last (again contributing to its ultimate unsustainability). Anyone initiating production (starting a business, etc.) will generate a product or service for those with the most wealth available (a market). It would be irrational under captitalism, to, for example, start a business feeding starving people who have no money.

3 comments:

Anonymous said...

I want to quote your post in my blog. It can?
And you et an account on Twitter?

Jonster said...

Your ideas about Capitalism can be easily debunked. I plan on doing that very soon. You'll have to rethink everything. Coming up...

ChristianEcon said...

"Easily debunked," yet you refrained from doing so. Not easy enough to fit in a comment?