The idea of capitalism is so riddled with flaws that it’s
not even funny.
For starters, capitalism reduces prices. By necessity,
producers must compete with other producers for business. Without sacrificing
quality, they must make their good or service more attractive to potential
customers. If prices continuously drop, though, how will there be any money to
pay workers? Besides, only those who care exclusively about money concern
themselves with prices.
Competition, the essence of the capitalistic society, rewards those who make good decisions and punishes those who do not. The dog-eat-dog world relentlessly disposes of waste and inefficiency. Yet in doing so, it mercilessly shatters an untold number of inflated egos. It is truly shameful.
To add insult to injury, capitalism benefits both the poor
and the rich. Indiscriminately. The distribution of wealth based on achievement
needs to be recognized for the sham it truly is. Capitalism doesn’t care who
you are. It only cares about what you do. Unfortunately, however, that means
you must do something. That’s a major problem, indeed.
Under capitalism, nobody can exploit special privileges to
acquire wealth. Rather, one must pay attention to the needs and wants of
others. To make money, one must respond to those needs and wants, making both
himself and the person with whom he does business better-off in the process. In
attempting to improve his own fortune, he can only make money if he helps
someone else, too. What an outrage!
By that logic, individuals don’t even need to have good
intentions for their actions to engender good results.
The industrialist can
have the cruelest intentions in the world, but unless he produces goods that
are beneficial to society, he won’t make any money. And unless he employs
workers who voluntarily enter into contracts with him, he won’t have anyone to
produce those goods for him.
Likewise, the shopkeeper can care about the welfare of
precisely no one and still be successful; yet, in order to be successful, she
must indeed improve the lives of her patrons. While this is true, wouldn’t it
be a much better world if everyone’s intentions were also good? Perhaps we
should sacrifice unintended good results until we reach nirvana. Only then will
capitalism make sense.
Capitalism suffers from the fact that it isn’t idealistic
enough. In a world completely detached from reality, idealism holds society
together. Capitalism functions even without perfect knowledge or morally
superior leaders. The state, on the other hand, requires perfect, unattainable
knowledge to centrally plan an economy. That being said, just because the
acquisition of such knowledge is impossible doesn’t mean we shouldn’t
try.
And what is the deal with the boundless variety in consumer
products these days? Surely capitalism is to blame. Think of all the time that
could be saved if there were only one choice of organic tortilla chips instead
of fifteen!
By far the worst aspect of capitalism is the fact that we
cannot control it. No matter how hard we try, the market will always foil our
attempts to centrally plan economic activity. We may think our manipulations
are working for a while, but they always fail in the end. So, despite the fact
that it has never—ever!—existed anywhere at any time in the history of the
world, we should renounce, denounce, and dismiss capitalism at every
turn.
Joseph S. Diedrich also writes for the MacIver Institute, The
College Fix, and others. Find him on Facebook, Google+,
LinkedIn and Twitter @JSDiedrich.
(Source)
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