When it comes to creating wealth and thereby improving people’s material conditions, capitalism is without doubt effective, but capitalism is clearly inadequate as any kind of social ideal, since it is only motivated by profit, without any ethical principle guiding it.
One of the most significant truths brought to light by the present political crisis in the US is the overwhelming depth and pervasiveness of greed in our society. The propensity to spend and accumulate is so imbedded in the fabric of our nation that it has become nearly invisible to us; it pervades every dimension of our lives; it is the way we live. With a kind of breezy nonchalance, we spend ‘our’ money with little, if any, regard for the extreme suffering of others. Continue reading