In large measure our wealth isn't the product of capitalism, it is capitalism.
And yet we hate it. Leaving religion out of it, no idea has given more to
humanity. The average working-class person today is richer, in real terms,
than the average prince or potentate of 300 years ago. His food is better,
his life longer, his health better, his menu of entertainments vastly more
diverse, his toilette infinitely more civilized.
And yet we constantly hear how cruel capitalism is while this collectivism
or that is more loving because, unlike capitalism, collectivism is about the
group, not the individual.
These complaints grow loudest at times like this: when the loom of
capitalism momentarily stutters in spinning its gold. Suddenly, the people
ask: What have you done for me lately? Politicians croon about how we need
to give in to Causes Larger than Ourselves and peck about like hungry
chickens for a New Way to replace dying capitalism.
This is the patient leaping to embrace the disease and reject the cure.
Recessions are fewer and weaker thanks in part to trade, yet whenever
recessions appear on the horizon, politicians dive into their protectionist
bunkers. Not surprising that this week we saw the demise of the Doha round
of trade negotiations, and this campaign season we've heard the thunder of
anti-trade rhetoric move ever closer.
This is the irony of capitalism. It is not zero-sum, but it feels like it
is. Capitalism coordinates humanity toward peaceful, productive cooperation,
but it feels alienating. Collectivism does the opposite, at least when
dreamed up on paper. The communes and collectives imploded in inefficiency,
drowned in blood. The kibbutz lives on only as a tourist attraction, a
baseball fantasy camp for nostalgic socialists. Meanwhile, billions have
ridden capitalism out of poverty.
And yet the children of capitalism still whine.
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