Why Capitalism is Not Greedy, and Why Leftists Believe It Is

The following is a slightly revised version of an article I submitted to Being Libertarian. You can see the article on their website here.

We all know that leftists (not to be confused with liberals) are not particularly fond of capitalism. Much of this dislike would likely be reconsidered if they had a better understanding of what capitalism is (an example would be their conflation of actual free-market capitalism with corporatism, or cronyism, when it is in fact a problem caused by government, the opposite of a capitalist institution), but only if they were susceptible to changing their opinion when presented with facts that contradict said opinion, a trait to which which either a majority or a vocal minority of them don’t seem particularly prone (evident by the fact that many of them still believe that Trump is racist).

In this post, I am going to attempt to rebut one characteristic commonly ascribed to capitalism by the left: greed, as well as rant about the left’s hypocrisy and arrogance.

We all know one of the main gripes those left of center have with capitalism is that it is inherently “greedy”. That because we capitalists oppose taxation and are against government interference in our business we must simply hold the lower class and their aspirations in disregard. Though we do agree that a free market would be in our own self-interest, you will seldom if ever find a capitalist that doesn’t believe that it would also be in the interest of the poor. A couple of examples would be China, where relative free enterprise has raised hundreds of millions of people out of poverty, and India, where it has done the same while also undoing their ancient caste system.

That is because capitalism is by definition win-win. In any completely voluntary exchange, both parties wish to, and usually do, benefit. A classic example is that of the pencil and the dollar. If I have a pencil and you have a dollar, and we exchange them voluntarily, we clearly both benefit, because I want the dollar more than you want the pencil, and vice versa, or else the exchange would not have taken place.

Of course, on the topic of capitalism as much as ever, as Vox Day’s book suggests, SJWs (in this case the left in general) always project(s). They claim that providing goods and services for voluntary exchange is greedy because those partaking in it seek to gain financially, while they propose a government body be funded by stolen money from the people, including those they claim to champion, to control the market. It also shows a great deal of arrogance to believe that they and/or a handful of government bureaucrats could better manage citizens’ hard-earned money than they could.

The projection could not be more clear. The socialists think that we capitalists simply want a dog-eat-dog, win-lose world, because all they know is win-lose. If government regulations and laws worked great for everyone, then they wouldn’t need to be enforced, they would be voluntary.


They claim capitalism is greedy because they know only greed as an incentive. They know only dominance and submission as a basis for interaction so they project that capitalism is just that while they themselves practice it (this could be in large part due to the fact that they were spanked as children, and were thus raised to respond to and enact violence, threats, and manipulation in order to get their way, rather than negotiation, but I will elaborate on that at a later date).

In conclusion, capitalism is not greedy, and it is only perceived as such because of a misunderstanding of what capitalism is, and because of projection on the part of the left.


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