Capitalism: Neither God nor Satan

Arlie Russell Hochschild’s incisive book, Strangers in Their Own Land, portrays citizens in Louisiana caught between watching the industrialized devastation of their beloved state and their need for jobs. “It’s the sacrifice we make for capitalism,” one says.

Some of us see capitalism as some kind of god that we must serve. One may also worship socialism or money or government. In fact, all, it seems to me, are neutral, capable of either evil or good, depending on the type of allegiance we give them.

A saying of the early Christian missionary, Paul, is often quoted as “money is the root of all evil.” That is not what he said. He said “For the love of money is a root of all kinds of evil . . .” It’s the love of money (or capitalism or government or whatever) that is the problem.

Capitalism is neutral. It can be used for good: money from individuals pooled to form companies and create jobs. Or it can be used for evil: the extraction of maximum profit no matter what ecological or human damage it causes.

Government, I believe is similar. It is neither good nor evil in itself. Rightly used, government protects us from foreign enemies, crime, and economic predators. It can create programs that serve its citizens, like social security, in a way that private industry can’t.

Wrongly used, it can take from workers in order to give to the wealthy. Without adequate oversight, its resources can be wasted or riven with corruption.

Workers, needing jobs, tend to worship capitalism and hate government. Others, seeing only the tragedy of ecological devastation, tend to reverse their worship.

In fact, worship is a poor choice for either. Better is a watchful use of both.

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