The Moral Case for Capitalism

By Rachel Witherspoon

9/21/2020

Too often, Americans assume that if someone does not believe in a socialized system to create "equality for all needs in life," they don't care about others.


Just as often, Americans assume that if someone praises capitalism as an economic system, they are not just selfish, but greedy ingrates who only aim to take advantage of others.


The math is rather simple:

Approval of socialism = Moral 

Approval of capitalism = Evil

Having studied not only socialism and capitalism but also having the privilege of living in a capitalist society, I can affirm that capitalism is not the evil everyone claims it to be. On the contrary, capitalism is the most moral and selfless economic system there is.


Capitalism allows and encourages business owners to design their businesses to help people in a certain way. There are charity shops that take donations of gently used clothing, toys, housewares, or furniture and offer them to people in need. Some companies dedicate their time to inventing and producing products to aid seeing impaired persons navigate their homes and the world more easily. There are even companies whose main focus is climate change and reducing the carbon footprint. In addition to companies designed with a specific social mission, millions of companies without those specific goals do charity work and have donation programs for causes like the Boys & Girls Club or Make A Wish.

A socialist system would not allow for any of those things because all "needs" would be "satisfied" by the government, who would control most, if not all, of the businesses. No socialist country has a Make A Wish program designed to make dreams come true for children who face the impossible; that is a blessed gift of the capitalist system. 

Another trademark of capitalism is that it provides people with a choice. Consumers who believe it is immoral to consume any animal byproducts or use products tested on animals have a plethora of options to choose from that adhere to their moral standards. Consumers who believe it is vital that a company has a strong commitment to its employees have the power of the purse. Better than that, it encourages more companies to get competitive in how they treat their employees. Consumers who disagree with what a company stands for or its actions, such as where it produces its products, have options to find the same product from a company they can be proud to support. 


The list can go on and on about the moral alternatives capitalism provides, but the real question is, what moral alternatives does socialism provide?

The answer is none. 


Lastly, if the main measure of morality is the desire to bring people out of poverty, the following must be considered:

Socialism, under the guise of equality, causes mass poverty, ultimately leading to mass starvation. 1

Capitalism, under the guise of equal opportunity, has brought poverty to its lowest rate in world history. 2

Now, which system seems more moral to you?   


About Rachel Witherspoon

Twitter: @Rach_Withers

Instagram: @rachwither

Rachel Witherspoon is a young American graduate student with a passion for utilizing the knowledge found in economics, business, and political science to help others. She is a fierce advocate for America and an even bigger advocate for the First Amendment.


#Socialism #America #Capitalism

YAAS

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