1.) Would you label free market/vanilla capitalism (however you choose to answer) as moral or immoral? Now, is it more or less moral in comparison to its alternatives, such as socialism and all its variations?
2.) Is it moral/immoral to infringe upon property rights in the name of the "common good"?
Thank you for your time. I am a student with a strong interest in governmental philosophy and appreciate the concise answers your website provides.
Sincerely,
Alexander C. R.
Okay, here's a concise answer: Immoral, unless certain predictable consequences are mitigated or corrected. Why? Well, it depends precisely what you mean by capitalism. If one takes a pure form of market capitalism, I'd say it's immoral because it makes no evaluative judgments that take into account the distribution of goods and services or costs and benefits, the suffering of various actors, or considerations of flourishing. Says the radical capitalist: whatever outcome the market produces is okay. I disagree. I think that because of (1) the profound importance in human life of the issues and (2) the intimate connection between (a) economic matters like distribution and (b) moral matters like need, fairness, flourishing, justice etc. the operations of a capitalist economy must be regulated, guided, and directed to produce morally desirable outcomes. In particular moral considerations should guide economic activity to produce outcomes that are fair, moderate and equitable, outcomes that promote...
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