Capitalism Is Not A System of Government

To the Editor:
    Given the nature of human nature, history shows that the so-called “freedom” of unregulated, free-market capitalism simply does not work.  Further, “capitalism” is merely an economic system that allows wealth to be made from wealth.  It is not a system of government and is not, by its nature, automatically conducive to democracy and, in fact, seems increasingly a corrupting influence on our representative democracy. The joke about the Golden Rule, that those with the gold make the rules, demonstrates just how far from being democratically governed we are today in America.
    Important also to note here is that we are not dealing with absolutes.  Neither capitalism nor democracy is, of its own, intrinsically good or bad.  What seems lacking is a morality of discipline and self-government with a watchful eye toward a common good.  Edith Hamilton’s claim that Athenian Greece invented the freedom of self-government, rose to glory, then fell by succumbing to the lure of unlimited freedom and power should stand as a warning to all Americans that conscience is still an integral part of any social contract.

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