SOCIAL JUSTICE WORKS BEST IN CAPITALISM

 SOCIAL JUSTICE WORKS BEST IN CAPITALISM

By Domenick J. Maglio Ph.D. Traditional Realist

 

Our founding fathers chose capitalism as the economic basis for the development of our large land mass. Adam Smith’s, Wealth of Nations. published in 1776 during the birth of the United States, advocated for consumers and producers to make decisions more efficiently without government manipulative regulations. His genius was that he conceptualized the invisible hand of capitalism would guide the growth of a dynamic economy with unlimited potential and it did. 

 

Decisions in the capitalist economic system are not controlled by a central panel of bureaucratic experts who write laws dictating who will be hired or not according to a social justice protocol. Instead they are decided by multi millions of people in financial and product exchanges. Products and/or services are free choices enacted by individuals that determine the actual value of these exchanges by the sales and revenue generated. The competitive free market determines who has succeeded by their bottom line not by government decree. 

 

The entrepreneur is guided by supply and demand although they have the incredible freedom of choice to pursue their hunches and desires as they see fit. Private businesses have no safety net but have unlimited opportunity to determine their own future. These innovators come up with new ideas that have changed the way we live our lives. They create new items that have become so common place it is hard to imagine how we existed without them. The practices by this laisse faire capitalist economy in the U.S. have inspired individuals to create the highest standard of living and prosperity for our citizens. 

 

Capitalist systems are based on freedom of choice and have no restrictions on who can participate or how much they can profit. Many citizens work in someone else’s business to augment their income, then some of them take a risk and leave the security of the established business to create their own venture. This individual can be an immigrant from anyplace in the world or a lower-class person from any ethnic or racial background, or a physical or mental handicap. In the free market, the only thing that matters is the quality of service and price of the product or service. Very few consumers discriminate against a businessperson’s background as long as they produce a quality product or service at a reasonable price.

 

A successful entrepreneur possesses a love of the work ethic to continue to improve his product so as not to be passed by another competitor. These upstarts often better appeal to the public’s latest trends and needs than do established businesses. Competition usually weeds out the weakest business to be replaced by more dynamic, competitive ones, which keeps the price down and the quality improving. 

 

The visionary has no interest or time to be preoccupied with social issues. Their energy, time and self-interest are focused on establishing the best decisions to meet their consumers wants and needs in the most ingenious and effective way. As the business grows, they can better reward their staff with improved conditions and benefits. The continual improvement of the worker conditions positively impacts their employers, family, community, business and economic status. Creating excellence in all facets of the business is their driving force.

 

Social justice in the capitalist system is based on the assets the employer brings to the enterprise. Employees who do their job effectively are rewarded with increased benefits, promotions and  privileges. When the worker feels abused, they have the freedom to move to another position or take a risk and start their own business. 

 

Capitalism’s social justice is the individual’s freedom to better their lives. The worker can eventually learn the intricacies of the business to move on to another job or start their own competitive one. Justice is determined not by the government but by the owner incentivizing his most conscientious employees to remain.   

 

The free market is a battleground that is determined by the results of one’s own hard work, not by government panels picking winners and losers. When businesses are no longer functioning well in capitalism, they fail. This is called creative destruction. It is a tough but fair method of determining who is the winner with no government coercive discrimination policies to artificially force a restructuring of society. In the free market, the individual determines their own fate through their own effort. 

 

Everyone has the ability to be socially mobile regardless of any social, racial, ethnic or disability in our free capitalistic system. This liberty does not exist in centrally controlled economies. A capitalist system is not perfect, but it is the best system we have. Capitalism does not rely on “experts” to make all the decisions with their unconscious biases, instead it sets up a system to align people’s actions with success.

 

Domenick Maglio, PhD. is a columnist carried by various newspapers, an author of several books and owner/director of Wider Horizons School, a college prep program. Dr. Maglio is an author of weekly newspaper articles, INVASION WITHIN  and a recent book entitled, IN CHARGE PARENTING In a PC World. You can see many of Dr. Maglio’s articles at www.drmaglioblogspot.com.