Capitalism is moral, and it works: Catholic priest

Sirico cc

The voluntary exchange of goods and services, the essence of capitalism, is the most moral way to organize an economy. (It’s really self organizing mostly.) You give me something I want. I give you something you want. We both walk away better for the transaction.

Whereas socialism, often couched as somehow morally superior to capitalism, is based fundamentally on theft. Be it of wages, time, property etc. It is driven by force. As such it is deeply immoral.

Ask yourself how you would feel if someone walked up to you with a gun and demanded 30% of your wages. The bandit however assures you that the money he takes will go to help people who “need” your money more than you do. You may not however even know how the money which is stolen from you is spent. How would you feel? Would you go to the ATM and just hand the money over knowing that though you were being robbed your money was being given to people who “needed” it? (Probably the robber’s “needy” friends.)

Would you be OK with this? If you are not consider how similar this is to our current crony capitalist/socialist lite system we have in the USA. The only difference is the robber has an officially issued badge when he takes your wages and property.

Of course when someone has a gun it is generally wise to just fork over the money. But it sure isn’t a “moral” situation.

(From CNBC)

Sirico, however, told CNBC in an interview that free markets are wrongly conflated with the urge to splurge on goods, or idolizing material wealth. Capitalism, Sirico insisted, is far more than that.

“The economic question with regard to morality is a subset of a broader theological question: Is human freedom compatible with religious beliefs?” said Sirico, the head the Acton Institute, a right-leaning think tank that studies the nexus between religion and liberty.

Sirico expressed broad agreement with the Pope on those left behind, but at the same time said laissez-faire capitalism and entrepreneurship is still the best way to address the challenges of poverty and economic need.

“If you love the poor, it’s not enough to have good intentions,” he said. “You can wish the poor to have bread, but if you don’t build bakeries and factories, the poor don’t get it.”

Click here for the article.