Capitalism
“The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.” Proverbs 13:4
We are having numerous societal discussions at the moment. One has to do with capitalism versus socialism. Our nation was founded as a capitalistic society. Socialism has a seductive appeal for some, however. The question is how much socialism is appropriate.
One of the philosophical foundations of capitalism is individual freedom. It allows for the most freedom for the most people. The problem, however, is that it allows people the freedom to fail as well as succeed. It allows people the freedom to work hard but also to be lazy. It does not orchestrate the outcome but allows the freedom for people to use their gifts in whatever way they see fit.
Capitalism also seeks to harness human self-interest. It creates a system in which people are rewarded for industry and hard work. It uses our own self-interest as a motivator. The more we create goods and services that someone else wants, the more income we have the potential to make. Our self-interest is directed toward aiding others in order to aid ourselves.
What is the appeal of socialism? It longs for a more equal society. It recognizes the disparities that capitalism inevitably creates. Some people are simply more energetic than others. Some are smarter and more creative. Some work harder. All these traits are rewarded in capitalism, but they also create disparities in wealth and income.
Where does the responsibility lie? Capitalism places it on each individual. Each person is responsible for themselves. The proverbs give us a general principle that is true. The diligent earn their wages and flourish; those who do not work suffer want. This fits well with a capitalistic philosophy. Socialism focuses on governmental programs by trying to create a system that results in equity. The problem is that equity must often be forced through taxation. It also does not promote work, since those who do not work are supported by the general funds.
Most societies recognize that some social programs and safety nets are necessary. How much help the government provides is the question with which we are wrestling. Our country has traditionally been moderate in its level of governmental aid, such as welfare. Many want to increase those programs rather than decrease them. The problem is that the advanced welfare state is financially unsustainable. Governments simply cannot afford to help everyone. There is not enough money to go around.
If Proverbs 13:4 is any guide, we should emphasize capitalism over socialism. Capitalism provides an incentive for people to work hard so they can enjoy the fruits of their labors and not depend on someone else to take care of them.