Quotulatiousness

May 4, 2015

In praise of “unfettered” capitalism

Filed under: Economics, History, Religion — Tags: , , — Nicholas @ 07:00

L. Neil Smith isn’t happy with the Pope’s latest anti-capitalist comments:

Just for the record, when private capitalism came into being, it was a revolutionary economic, political, and social system that has since fed, clothed, and housed — not to mention educated and cured — more individual human beings than any other system in history. When it appeared on the world scene in the mid-1700s, a person’s average life expectancy at birth — in London, the most advanced and civilized city on the planet — was about 20 1/2 years. A hundred years later, life expectancy was three times that number, and it is now approaching four times.

If only for those reasons (and there are many others), capitalism has been the target of centuries of relentless, vicious attack by evil parasites who wish to be perceived as humanity’s benefactors without actually benefiting anybody at all, Today, virtually every member of what the great essayist H.L. Mencken called the “booboisie” believe (you can’t really say “think”) that capitalism and capitalists are evil.

Capitalism’s gravest “sin” in this connection is that it has made more widespread and greater individual freedom available than ever before (even though in his abysmal ignorance — or ideological delirium — the Pope accuses it of imposing ” a new tyranny” that is “causing people to die”. That, of course, is why there are seven billion people in the world today, as opposed to a few hundred cold and starving millions when his gang of terrorists was running things.).

That is a critically important key to why capitalism is hated and reviled, and to who hates and reviles it. Watch the various enemies of capitalism on TV; Obama, Reid, Pelosi, Waxman, Feinstein, Bush, Hatch, Cheney. None of them are genuine advocates of freedom. There are political vermin in the world — all over the world, in fact, generally in positions of leadership — who hate, loathe and despise individual freedom, and will do absolutely anything to eradicate it. They achieve their leadership positions because no decent human being really wants anything to do with telling other human beings what to do.

The headline reads “Pope Francis rebukes unfettered capitalism”. When he says “unfettered” you can bet he means it literally; this is the heir of a gang of thugs who used to “change” people’s theological opinions with the rack, the whip, and red-hot pincers. You can also bet they’d be doing it today if they believed they could get away with it.

Petulantly, the man complains that the worship of wealth has become a religion in itself. There is lots I could say about that. I’ll limit myself to the observation that the wealth is really there; it manifests itself. In that respect, it’s hell of a lot better than the Imaginary Playmate he claims to speak for and wants us all to worship.

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