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Friday, August 01, 2008
Jonah Goldberg :: Townhall.com Columnist
The Spoiled Children of Capitalism
by Jonah Goldberg
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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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About The Author
Jonah Goldberg is editor-at-large of National Review Online.
 
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Countryman
It doesn't matter to me if you technically don't approve of the word "recession", because if we don't yet have an actual recession, then we still at least have slower times right now. You may just call it an "economic slowdown", or you may use Greenberg's own words: "at times like this: when the loom of capitalism momentarily stutters in spinning its gold." It doesn't matter. Times are definitely slower. My point still stands.

As for the rest of your talk, you clearly advocate a lassez faire philoshy towards business. However,
ANY responsible authority on business could tell you that this philosophy towards business is completely unworkable. So you should know better than to advocate it when you get on a soapbox in a forum where people are trying to be serious.

Wealthy leftists
Relatedly:
Why don't wealthy leftists (Soros, trial lawyers, celebrities) ever put their money where their mouths are, i.e, why don't they build factories here in the US and pay workers what they say workers deserve?
If the oil companies are guilty of excess profits, why are Soros, trial lawyers, and celebrities not guilty of excess profits?
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