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Capitalism and Greed: Do they go together?

Capitalism and Greed: Do they go together? - Freeman's Perspective

Capitalism and greed: Do they really go together?

Absolutely not!

Capitalism rewards ideas that make people’s lives better. In fact, that’s the ONLY thing it can do.

Get this: Under capitalism, no one is required to do anything that they don’t want to do! Isn’t that a good thing?

Under capitalism, if you want someone to buy your product, you have to convince them that it’s in their best interest – you can’t force them at all. It is all 100% voluntary.

And if you can force them, it isn’t capitalism.

Can you come up with anything more fair than that?

Now, let’s get to the magic word here: Greed.

Where does “okay” end, and “greed” begin? Do you have some magic number? And are you willing to enforce it with violence?

What Greed really is…

The truth is that the judgment, “greedy” is simply a derivative of envy. If it makes you feel bad, it’s greed. If not, it’s just some guy working and making money. It’s really no more complex than that.

When does a guy making money become bad? Should we forbid him to make more than a million dollars? A hundred thousand?

And what gives us the right to tell him how much he can make? Where would that right come from? How would you begin to justify that? By complaining about some (imaginary) “common good” and using that as a reason to steal from some people and give the money to others?

Remember that every dollar the guy with too much money makes has benefited someone else as well – or else they wouldn’t have done business with him. The richer he makes himself, the more wealth he has created.

If that’s not how it worked – then it was not free trade – it was not capitalism.

Now, look at it the other way – do you really want to establish a Greed Police, who can decree that you’re making too much, then seize the “surplus” money? I guarantee that there are people poorer than you, and that some of them would be glad to skim off some of your money for
themselves. Is that the kind of monster you would replace capitalism with?

Don’t count another guy’s money. It’s none of your business. If the guy lies, cheats and steals, then you have an issue, and not until.

Also – to assume that anyone who has more than you must have cheated, is very often just a symptom of feeling inadequate.

Lumping Capitalism and Greed together is just a way of expressing envy. If I didn’t cheat anyone, it’s none of your damn business!

Paul Rosenberg

[“Capitalism and Greed: Do They Go Together?” is an excerpt from Paul Rosenberg’s book, Mindless Slogans – 101 Cheap Substitutes for Actual Thought]

{ 3 comments… add one }
  • TerryHaryett May 31, 2013, 2:02 pm

    Some people call it greed. I call it healthy self interest.

  • ssemans July 9, 2013, 5:54 pm

    what about greed for power?

  • Bill Ross August 15, 2013, 4:38 pm

    hmm. Hit a sensitive spot. Post deleted. Keep it up and, I will conclude “unfit to associate”

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