Capitalism as religion: a thesis

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Aug 162016
 

Those who know me are aware of a hobby horse I’ve ridden for at least the past decade. My contention is that someplace along the way between Adam Smith and now, Capitalism evolved from an explanation and theory to a cult and a broader philosophy to a full blown religion with its own dogmas, catechisms, and so on.

The idea is not meant to denigrate or debase the economic value and general force for (economic) progress that Capitalism provides. I am a supporter. I don’t think it needs to be torn down and replaced. (By what?) Like anything and everything else, all the good it affords comes with ugly costs that have to be bourne… by someone. Besides, to appropriate Churchill: it’s the worst economic system around, except all the others.

No. When I jump on my hobby horse and ride through the Western frontier of this notion, my point is only to expose what should be obvious. Unfortunately, those who dislike and have a grudge Capitalism and its effects use the argument and corrupt my intent by forming lynch mobs. Equally unfortunate, those who are acolytes refuse to accept any of these otherwise obvious conditions and deny the argument entirely, unthinkingly–like any religiously observant follower ought, I might add.

This post is not to get into the foundations or substance of this argument. That will come later. It’s to seek genuine insights for validation or refutation from the one or two people that read these posts. Why? I’m burnishing the idea into a thesis to propose for graduate work.

“Oh great,” you say, “Another useless bit of academic crapping on capitalism.”

Not so much. I would hope that like pointing out to the 280-lb, 165cm person that perhaps approach to food (Straight, direct, and unimpeded… as a psychological crutch for feelings of exclusion…) as observed from outside might be the something to internalize and act upon, the take-away from such a thesis and study would be a recognition that there is a way to make and use, or direct capitalisms tendencies toward greater things. Not toward the inevitabilities of religious fervor.

If you have any thoughts or directions toward published works: books, monographs, journal articles from any specialty study area, feel free to send them my way.

Thanks

 Posted by on 16 Aug 2016