Which Capitalism? A Brief Defense of the Supporters of the Free Economy
Much has been written recently on Ethika Politika regarding the subject of capitalism, in some cases more directly than others. According to Luciano Corbo, capitalism, along with socialism, has “no basis in ‘Truth’ (in the biblical sense) such as the divinity of human work has.” According to Thomas Storck, capitalism, as defined by Pope Pius XI as “that economic system in which were provided by different people the capital and labor jointly needed for production” (Quadrigesimo Anno, no. 100), while not “intrinsically unjust” is “both unstable and dangerous” and “a chief contributor to … cultural and social disorder,” “given the defects of our fallen human nature,” because, quoting Hilaire Belloc, “in a Commercial society the amount of wealth accumulated by the dealer is the measure of success.” And according to Thaddeus Kozinski, those conservative American Christians who believe, “The Gospel and Christian Social Teaching uphold only capitalism, never distributism (which is really just disguised socialism),” may be guilty of idolatry.
Those Christians who find the free enterprise system to be the most prudential for lifting people out of poverty and ordering our economic affairs would seem to be either affirming a system contrary to biblical truth and therefore heretical (Corbo), detrimental to society in our fallen world (Storck), or idolatrous if distributism is not acknowledged as equally valid (Kozinski). These are serious charges in every case, and charges that, I believe, better betray an unfair bias of the writers in question than reveal a fair appraisal of capitalism and those Christians who support it. Instead, I argue on the basis of Pope John Paul II’s definition of the free economy that such critiques are uncharitable at best and themselves confuse what ought to be a matter of prudential judgment as if it were a moral imperative. I do not here put forth a defense of capitalism per se so much as a defense of those Christians who deem it to be the most prudential economic system.
While, notably, Pope John Paul II warned of the dangers of “unbridled capitalism” (Centesimus Annus, no. 8), none of these authors have addressed his important qualification of the term “capitalism” later in that same encyclical (no. 42):
[C]an it perhaps be said that, after the failure of Communism, capitalism is the victorious social system, and that capitalism should be the goal of the countries now making efforts to rebuild their economy and society? Is this the model which ought to be proposed to the countries of the Third World which are searching for the path to true economic and civil progress?
The answer is obviously complex. If by “capitalism” is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a “business economy,” “market economy” or simply “free economy.” But if by “capitalism” is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality, and which sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative.
Now, to be charitable, I presume none of these writers, all of whom are Roman Catholic, would want to be at odds with Pope John Paul II in this regard. However, this raises the important question, if according to him capitalism, rightly conceived as the free economy, is “an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector” and the “victorious social system” that “ought to be proposed to the countries of the Third World which are searching for the path to true economic and civil progress,” why focus entirely on the latter definition of capitalism, rejected by the Pope? Is it in any way fair to presume that Christians who support the free economy are advocating “a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality, and which sees it as a particular aspect of that freedom, the core of which is ethical and religious”? Even if such Christians do exist, surely they are the minority. To affirm this latter capitalism requires denying the rule of law and the image of God in humanity, neither of which, I think we all would agree, would be very Christian; indeed, doing so may even be heretical, oblivious to the Fall, and perhaps even idolatrous. But that capitalism, according to John Paul II, is not the only one.
Furthermore, since Storck and Kozinski have both expressed their approval of distributism, if capitalism as the free economy has such high sanction, why oppose distributism to capitalism at all? It would appear that in uncharitably mischaracterizing and rejecting capitalism and, whether explicitly or implicitly, indicting those Christians who support it, these writers have forgotten the dictum abusus non tollit usum. In so doing, they run the risk of logically isolating themselves: if distributism is not capitalism, yet capitalism, rightly understood, has proved victorious over the evils of atheistic and dictatorial communism and holds the greatest promise for the plight of the developing world, what merits does distributism hold? Is it more victorious? Is it more promising for the Third World than the free economy? If so, how? Due to their uncharitable portrayals, these writers have not addressed these questions but instead, whether intentionally or not, have committed the further fallacy of poisoning the well: painting their opponents in an unfavorable light before giving them a fair chance to speak. Who, reading their articles, would walk away with a picture of capitalism in the first manner articulated by Pope John Paul II?
The proper question to ask, it would seem, is not whether Christians should support capitalism, but which capitalism ought Christians—or at least Roman Catholics—support? Furthermore, with an eye to Storck and Kozinski, should not distributists be asking whether distributism is a form of capitalism, rather than setting it up as an alternative to capitalism? If so, which form is it? If the latter form or neither, why support it? If the former, why oppose it to capitalism? Unwilling to presume to know how any of these writers would respond, I leave these questions open.
As for those Christians who support capitalism, I see no reason why they are not entitled to their opinions as a matter of prudence in accord with Pope John Paul II’s affirmation of the merits of the free economy as quoted above. For my part, I believe I have demonstrated that it would be unfair to characterize such capitalism as heretical, deleterious, or idolatrous and find it uncharitable to assume the worst of capitalism as these writers have when such is the case.






