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Has capitalism outgrown the nation

Updated: 10/24/2022
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15y ago

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Before you can know the answer to this question you must understand what capitalism is.

In economics, it is fundamentally the method of using the results of your labour to expand your own business.

In politics, it is the recognition and support of the right to private property that allows retention and use of the fruits of your labour.

Capitalism is not synonymous with big business. If you have a business that you grow by stealing from others, or by having laws created in your favour that permit you to steal "legally" then you are not a capitalist, but a thief.

A farmer who grows wheat, barley and rye, and retains a portion of his grain as seed for next year is a capitalist. If he eats or sells all of it (called "eating one's seed corn") he has failed, and will have no harvest at all next year. If the queen takes his "excess" grain and distributes it to her lazy friends, the farmer has also failed, but this time on the political level, by failing to gain royal support for the right to private property.

If the queen formerly supported private property, but suddenly announces that capitalism has "outgrown" her nation and begins confiscating wealth (that is, factories, seed corn, cattle, railroads, banks, land, and so forth) then capitalism's benefits cease to the extent that the wealth is destroyed.

That's what happened when Russia "outgrew" capitalism between 1919 and 1939. The new queen, er..., I mean the communist government, stole and "redistributed" the best farmlands. The previous (profitable and productive) owners were executed for the crime of being rich. The new owner of all farms and factories was "the people" in the person of the government. The result was famine for all except those with political connexions.

For capitalism to "outgrow the nation" there would have to be too much private property. The queen (or whatever government is in her place) would have to invent an excuse for stealing some or all of the private property. "The common welfare" or "the will of the people" have been excuses in the past. Modern excuses are often quite elaborate, put forth by university professors, statesmen and business owners of great renown. Painting capitalism as evil is one of those grand excuses.

When you lose the right to your property, you are owned by the queen (or whatever gang passes for government in your country), and only the queen and her friends will have property.

It is an interesting study in psychology and history to try to discover why business owners, of all people, would support the downfall of capitalism and of private property.

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