On Capitalism

I am a free market enthusiast through and through, but I do believe that the capitalists (particularly the more libertarian ones) do need to keep one thing in mind: something is not moral merely because there is a market for it.

What brings this up is a link posted on a blog which I frequent. The link prompted folks to a site where you could buy Obama and/or McCain condoms. It was done for a joke, I'm sure, but as the condoms are actually out there it is equally certain they were produced in order to make money.

Nothing wrong with making money, of course. As a rule. Yet there are ways of making money which are morally abhorrent. The whole sex trade, to be sure, or products which are seriously and significantly offensive. No one ought to see Calvin urinating on a Ford symbol, for example. That people will buy this sort of thing is not the point; nor is the point that human freedom may call for grudging toleration of such things. The ultimate point must be that the act or product must be moral in and of itself in order to be moral in the free market.

I am not saying that the government should become involved in regulating what are admittedly often only juvenile paraphernalia (prostitution and the like are another matter). Still, it would nice if the markets would be a bit more self regulating and eschew such garbage.

To rephrase an old saw, I have come to the conclusion that capitalism is the worst economic system except for all the other economic systems. It is a sobering thought.