What to do about capitalism
Comments (7) Published August 13th, 2008 under It's the economy stupid!My buddy Tyler published a post with his reflections on capitalism. In his post, he links to a Speaking of Faith interview with Jonathan Greenblatt, co-founder of Ethos Water. (It’s an excellent interview and I recommend you download the podcast) I appreciate Greenblatt’s motivation to eradicate poverty and how to use some of the good of capitalism to do that. One of the creative ideas that Greenblatt mentioned in the interview is the development of an X PRIZE Foundation prize that addresses poverty issues. The idea is that you can focus the spirit of competition toward eradicating a social ill. I’d be interested to see how this prize is put forward.
Bill Gates has also written (and spoken) about using capitalism in a way that would address poverty in the world. He calls it “Creative Capitalism.” The idea is simply that you can fight AIDS and increase your bottom line at the same time. Gates writes, “Creative capitalism is a way to answer a vital question: How can we most effectively spread the benefits of capitalism and the huge improvements in quality of life it can provide to peopel who have been left out?”
Of course, Gates did not think too much of creative capitalism when he was building Microsoft. It is easier to modify a business plan when you have exhausted a previous plan and are ready to look for a new market for your product. My critique is similar to that of developing nations of the developed world when it comes to better environmental standards: “You can afford to ask for stricter emissions after you have already industrialized.” It is easier for Microsoft to modify its business model now that they are a successful company. I doubt Gates would have thought too much about creative capitalism when he was crushing the competition in the 1980s and 90s. Creative capitalism may be a step forward, but as Tyler muses in his post,
How is the Christian to look at the data before us? In Philippians 2.4, Paul writes, “Let each of you look not to your own interests, but to the interests of others.” Friedman likely describes our natural instinct, that is, it does not take training to be selfish. Paul, on the other hand, gives us a vision of the world how God wants it and that vision demands character formation. Are Christianity and capitalism diametrically opposed to each other? I do not think so, but I may not say the same of Christianity and Friedmanism. Capitalism, if rightly focused on God and God’s purposes, can likely be a force of community, or social capital.
The jury is still out on creative capitalism and whether it is the force that is focused on God and God’s purposes.
| Related Posts: |

Write a comment