Being born and raised in a traditional Catholic household, I am often worried about the direction where the world is going now. When India embraced capitalism in the 1990s and changed from a socialist economy to a capitalist economy, the aftermath of certain reforms were so radical – since a socialist economy has strong similarity to Catholicism (if not the same).
In capitalism, wealth or capital is of paramount importance although capital is not just money. People are supposed to do a job, earn money, and amass wealth which then can be used to buy goods and services. It supposedly promotes enterprise and hard work. But on the flip side, as I see in the United States, there are a large number of destitute parents, unemployed people, almsmen, homeless people, drug addicts, sex-traders, transgenders and people who are in bondage and slavery.
People like LGBT, transgenders, and the people who support them are – some knowingly – mostly unknowingly– revolting against the one who created us. God created us with a particular sex. Man is not allowed to tamper with it. Period.
When the leader leads the followers follow. I doubt whether capitalism is playing the proverbial Pied Piper of Hamelin here. India and other third-world nations who embraced capitalism will follow suit. There will be a lot of unfortunate people here interlaced with a few ‘poster boys’ who are being hailed as the success stories of capitalism.
The problem of capitalism– taking a word from their own dictionary – is of the mindset. It is flawed because it is devoid of one important ingredient – Love.
Since the whole idea of capitalism is about wealth, other, more important values in life takes a back seat: virtues like humility, kindness, abstinence, chastity, patience , liberality, and diligence. The degradation in values is not that happens mindfully. As William James, the father of modern psychology, observed – amassing wealth and the ways-of-a-saint are quite the opposite.
I can personally vouch that my only sister is alive today because I felt compassionate enough to give her all my reserve money, an insignificant amount, so that she could go to the hospital – and subsequently she was diagnosed with a major illness. What if I had gone the capitalist way and clung-on to my savings – which ironically I was saving for my sister also?
Retirement fund, wealth creation, savings etcetera are inherently flawed ideas. In our society our parents did not have any retirement fund just because children looked after them after retirement. We took care of our parents – for generations. Gladly too – It is our privilege. And we do it in the generations to come.