I begin with a disclaimer: I have nothing against money. I like money and I am happy that after years of struggle I finally have enough to be relatively worry-free and even able to help others when given a chance. At the same time I am aware that money is a two-edged sword. In the form of the capitalistic economic system it has brought about a higher standard of living for more people than could have been imagined by folks like Adam Smith when he was promoting free enterprise in the eighteenth century. But I do wonder if it has brought greater happiness to a great many people — as Smith thought it would. And as one who read his New Testament carefully for many years in his mis-spent youth, I am aware of the inherent contradiction between the basic principles of capitalism and the values promoted in the New Testament where, we are told, the poor are blessed and it is easier for a camel to pass through the eye of a needle than for a rich man to enter the Kingdom of Heaven.
This latter concern was given impetus when, as an undergraduate, I read R.H. Tawney’s compelling book Religion and the Rise of Capitalism. It opened my eyes to the contradiction I had dully sensed. The history of the organized Christian church, and the machinations of “Christians” everywhere attempting to explain away the words of the New Testament have been fascinating — and upsetting. But it wasn’t until the Protestant revolution that the lid came off, as it were, and folks were given a free ticket to claim their Christian affiliation while at the same time pursuing unlimited wealth. We now have self-proclaimed ministers of God like Jesse Duplantis flying about the country in their private $45 million jets and living the good life in their palatial homes after they have preached an inspiring sermon to the many who arrived at the service in the huge amphitheater in their gas-guzzling SUVs.
But I never fully appreciated the tensions that were everywhere apparent during the colonial period between the pursuit of wealth and the preservation of the new Republic. It didn’t worry Alexander Hamilton and his followers who would prefer to have the President and the Senate serve for life — in imitation of the English King and House of Lords. But it worried a great many more colonists who followed Thomas Jefferson in his suspicion that those focused on wealth and prosperity would make poor citizens of a republic built on the notion of the Common Good.
In his excellent book, Rethinking America: From Empire to Republic, to which I have referred a number of times, John Murrin points out the struggles of the early colonies with the problems of great wealth. Many at that time worried, along with Jefferson, that excessive wealth in the hands of a few would plant the seeds of a new aristocracy. After perusing numerous newspapers from the period, Murrin tells us that the colonial attitude, generally, was one of concern, worry that:
“The pursuit of wealth without regard to the public good not only corrupted individuals. It threatened to destroy independence and the American republic.”
“In a capitalist society that generates huge amounts of wealth and want, democracy is ever at risk.”
And this has, indeed, become a larger and a larger problem as today we seem to find ourselves in a “democratic” country ruled by the very rich who pick and choose their politicians as one might pick cherries from a bush, and then tell them precisely how to vote on key issues — lest they lose their high-paying jobs in Congress and state legislatures. It is a deep and perplexing question just how far the pursuit of profits and wealth blinds us to the larger questions that surround the notion of the public good: the cares and genuine concerns of those around us. It is a political conundrum and a serious moral problem that we might all do well to ponder.
I do not have the answer, but the Scandinavian countries seem to have a suggestion for us in the form of Democratic Socialism which they have embraced and they are reputed to be the happiest people on earth at the moment. Raw capitalism is driven by avarice and encourages self-interest in the name of healthy competition — not qualities designed to help a democratic society grow strong, to promote the common good. Curbs on raw capitalism, which we have seen from time to time in this country (and which the current Administration would eliminate), put a bit in the mouth of the beast which it finds annoying but which still make the common good a possibility — remote perhaps, but still a possibility. A good start to much-needed reform would be a fair tax system that closes the loop-holes for the wealthy and for corporations and taxes them at the same rate as everyone else.