Capitalism and Free Market
There seems to be a lot of controversy going on right now about “capitalism” and the free market…particularly as it relates to Mit Romney’s political campaign and government bail outs.
There are a lot of people who are a lot smarter than me chiming in on the topic, but I have a few thoughts:
- Nobody has the right to a job. We have the right to pursue happiness, which includes the right to pursue a job, but nobody is owed a job. We have to earn it. It is not the government’s responsibility to provide us a job. It wasn’t Mit Romney’s responsibility to provide people jobs at Bain Capital. His responsibility was to his family and himself…namely, to make a profit and provide income.
I don’t think there was anything inherently wrong with him purchasing a company and firing a lot of people. And I say this as someone who was recently laid off from a job due to economic reasons. - Capitalism isn’t inherently “bad.” Socialism, for that matter, isn’t inherently “bad” either. They, in their purest forms, are just economical systems. While people who use (or maybe abuse is a better word) those systems might be bad or have bad motives, a system can’t be morally bad (unless, like communism, they seek to strip people of their moral rights).
- We, as individuals and families, do have a Biblical responsibility to use the resources that we are given (by God), to help those around us. Whether we gained those resources through a capitalist system or a socialist system or whatever system, we are called to help those in need. It is not the government’s role to regulate how we do that. It is a personal responsibility/decision.
Those are some random thoughts that came to me this morning as I was watching the news. Agree? Disagree? Let me know what you think. Feel free to push back.