Introduction to Radical Capitalism - Part II

http://zambia.co.zm/articles/radical_capitalism2.html

You suggest that a better method is to simply be “pragmatic”. By this, I believe you mean that we should simply look at what works (or has worked) in practice, for our economic ends, and to follow that path. But pragmatism is a very poor way of guidance in life. Why? Let’s say we discover that corruption is actually good for the economy. Should we encourage corruption in the nation so that we could have economic growth? Your answer, I am sure is no. But why not? From pragmatism, it is not possible for you to simply reject corruption as a way to economic growth if statistics show that it is good for the economy.

The same can be said about slavery. One can possibly argue that some nations have had economic success as a result of using forced free labour (slavery). If pragmatism had had its way in this debate on slavery many years ago, the West would still be practicing it. Indeed there were pragmatists who saw nothing wrong with slavery since the slaves were foreigners and the human trade was helping their economy. But it was banned because a rational moral argument triumphed over mere pragmatism, as it always should. My argument against slavery is simply that you do not have the right to own or control someone else’s property – their mind and their body – and this is the same argument I use for capitalism. Pragmatism does not have a similar moral foundation to be a useful guide.

Bwana says that I should show how capitalism achieves the things that socialism wants to achieve, but in a better way, and so on. But why should I do that? Why should anyone, for example, spend time trying to show why freedom is better than dictatorship, or than slavery? That would be the pragmatic paradigm route, which we have already shown to be morally invalid. Since no one really needs to be convinced that freedom is better than slavery, or that theft is wrong, my responsibility is only to show how socialism is essentially equal to these vices (slavery or theft) – which infringe on property rights - and someone will easily make up their mind after they see this. If this is shown, there is no need to investigate whether it even has any advantages. The discussion simply closes there. Granted, some economists have shown that socialism is actually even counter-productive, but that’s just a wonderful coincidence of the nature of our benevolent universe or our good Lord – the important fact is that it’s immoral, just as slavery is immoral. Corruption has also been allegedly shown to be counter-productive from empirical evidence, but the issue still is that it is immoral, even if it was not shown to be counter-productive, and therefore it is not a valid option for a rational person or society to even investigate.

In Part II of his essays on Radical Capitalism, Chanda Chisala answers his reader's critical comments, particularly an argument for a more pragmatic approach to deciding their society's government. I am impressed with his clear, logical responses. These essays are a very good introduction to what Capitalism entails for those who are unclear or misguided on the subject.