Posts Tagged ‘Capitalsim’
Capitalism and Greed
Christianity has been tried for more than eighteen hundred years. Perhaps it is time to try the religion of Jesus.Dr Milman, Dean of S Pauls
According to the Reverend W D P Bliss, T G Shearman pointed out as long ago as the 1880s that around 0.05% of the population, own 60% of the wealth of “this land” (the USA). Today the distribution of wealth is if anything far worse.
A book by Richard G Wilkinson and Kate Pickett was published in 2009. It is called The Spirit Level, the metaphorical title referring to measuring the level of equality of a society, as the various subtitles added to different editions suggest, or explain:
- Why More Equal Societies Almost Always Do Better
- Why Greater Equality Makes Societies Stronger
- Why Equality is Better for Everyone
The authors compared economic data with social inequality indices such as the Gini Coefficient to show that wealthy societies like the USA and the UK were very unequal in how the wealth was distributed among their people. It led to very bad data in respect of problems such as “homicide, infant mortality, obesity, teenage pregnancies, emotional depression and prison population”.
People’s wellbeing and their social cohesion were high in countries that were less wealthy but in which people felt wealth was more fairly distributed—for instance Finland, Norway and Japan. That sharing is a deep instinct is suggested by academic social studies—usually involving game playing—which show that people will pay to reduce inequality, and that even infants have an innate sense of fairness.
Of course, not everyone has the same abilities. When economics is driven by competition, so that the rule is everyone for themselves and each company for itself, some must succeed and others fail. Though sad and apparently wasteful, we are told the benefit is that the strong, the smart, the shrewd, and the perceptive will rise in the social hierarchy. Capitalist Christians who are often utterly appalled by Darwin’s theory of evolution, suddenly call upon him to explain the way capitalism works for the good of us all. They call it social Darwinism.
In fact, it is often the selfish, the unscrupulous and the dishonest capitalists who succeed best, and this outcome is the result of the basis of the system—competition. The competitive system encourages people of poor character to do well, and because it does encourage them, they may end up as millionaires or billionaires, though many, perhaps most, are no better than criminals!
The avaricious man is like the barren sandy ground of the desert which sucks in all the rain and dew with greediness, but yields no fruitful herbs or plants for the benefit of others.Zeno