I’m continuing my reporting on the current installment of Conservative Estimate, the recently founded website that is devoted to demolishing Conservatism
Yesterday, Mr. George showed that private enterprise is not necessarily superior to public services in terms of providing necessary commodities of life.
Today he he discusses why Capitalism needs to be reined in.
Let’s cross the orange divide to look at his argument.
Mr. George begins his brief treatment of the subject by pointing out that Capitalism is undoubtedly productive.
But then he notes that he has shown it to be based on an unjust act of force by the capitalist against the worker, and he continues:
[S]ince force is in itself unjust, it doesn’t make sense that Capitalism should accepted uncritically in society. The whole point of government, as Madison said, is justice. How can any activity rooted in injustice play a role in a just society?Mr. George goes on to remind us that decent people can mitigate (but not remove) the injustice of Capitalism.
So society could allow Capitalism to play a role, provided that its negative aspects were controlled. It would need strict oversight. Someone would have to watch and regulate the transactions of capitalists in order to prevent them from using the force inherent in the system to harm the workers, either intentionally or unintentionally.For this reason, if Capitalism is to be allowed in civil society, it needs a power to govern and control it, lest it do harm to the workers, who actually create the goods and services that capitalists bankroll.
You can read the whole post here.
Tomorrow Mr. George will discuss why “job creators” are not needed in a decent society.
I’ll be reporting back each day as a new installment appears.