A
Abu
Guest
H.M. Robertson in Aspects of the Rise of Economic Individualism; A Criticism of Max Weber and His School, 1973, p 164, asserts that “It would not be difficult to claim that the religion which favoured the spirit of capitalism was Jesuitry, not Calvinism.”St Francis #121
Abu,
what Inwas hoping was that you would define “capitalism.”
But I also have a question for you: what do you say to someone who says that capitalism encouraged the colonizing nations to go in and take a lot of resources out of the colonized area without recompense? Is this correct? Was it moral? How could this have been handled differently if it was immoral?
Dr Chafuen asserts that “While Jesuit thought may indeed have encouraged the rise of a system based on private property (post-Marxist authors speak of the capitalist system)….Jesuit conclusions…have a long tradition and are rooted in the writings of Aristotle, St. Thomas Aquinas, and their Scholastic followers.”
Rodney Stark, in referring to the ideas of Fernand Braudel in explaining capitalism, writes that “the term ‘capital’ came into use in the fourteenth century to identify funds having the capacity to return income, rather than simply being of consumable value….the use of wealth (or money) to *earn *wealth (or money) ….the systematic risking of wealth in pursuit of gain…in *productive activities *where new wealth is created….implies some degree of management…supervising…(of) commercial complexity, duration, and planning…”
Stark explains that “free markets are needed in order for firms to enter areas of opportunity, which is precluded when markets are closed or highly regulated by the state. Only if property rights are secure will people invest in pursuit of greater gains, rather than hide, hoard, or consume their wealth.” The Victory of Reason, p 55-57].
How could a system so rooted in religion and legitimate endeavour be blamed for the human frailties of greed, connivance, deceit and cheating, which have no place in any human activity. Individual morality determines this, for as Pope Emeritus Benedict XVI teaches it is “individuals, their moral conscience and their personal and social responsibility” which are held accountable.
The immorality of plundering other peoples and nations can be attributed only to evil human designs.