Wednesday, March 11, 2015

Capitalism and the Rule of Love

All systems are made of people who fail, and some of those people are evil.  But capitalism is the best of the bad, and offers the world the most loving system.  This article was originally published in 1953, and the author Clarence Philbrook (1909–1978) contends that interventionism and extensive government serve the rule of love less well than capitalism does: “capitalism does less violence to the rule of love than would any other system so far conceived.”  This is important for liberal Christians of the 21st century to know—pushing our responsibility off on to government is not loving, especially when it does such a poor job.

The link is to a descriptive abstract, but the full article will open in pdf.

“Capitalism is capable of giving us a much better society than we have known. Even apart from its fabulous tendency toward increased production, immense change expressive of the rule of love is available in that depression can be largely eliminated and inequality of income mitigated, both of these by methods quite in keeping with the logic of the system. Moreover, fantastically more brotherly love than has ever been exercised can be given expression through individual attitude, decision, and action in a capitalistic society. But if we repudiate that system by making changes which conflict with its essential mechanism, we give up one of the few protections we have against the evil that is in us.” ECON JOURNAL WATCH 11(3)
September 2014: 326-337.

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