Re: Capitalism

Dan Fabulich (
Wed, 02 Sep 1998 09:22:39 -0400

Lee Daniel Crocker wrote:
>>Capitalism is not a natural law of nature, as some like to say,
>Supply and demand /is/ a law of nature. Scarce things have value
>no less than material things have mass. "Capitalism" is a choice
>of human behavior that history has shown to be consistent with
>that law and human desires in the way that how one chooses to
>build a plane is consistent with gravity and one's desire not to
>crash into the ground.

Eh? There are no "natural" laws which dictate what value is, Objectivism aside. Assigning things a price according to supply and demand happens to maximize economic value, but an anti-capitalist could counter that we're not maximizing anything that we ought to be maximizing when we do so.

Now, I happen to think that human utility is the good, and to this end, maximizing economic value tends strongly to maximize human utility. However, I have no way to prove that Kantian "goodwill" or some other arbitrarily chosen virtue is not the true good which we should pursue instead of economic value.