God is a Capitalist

Showing posts with label Aristotle. Show all posts
Showing posts with label Aristotle. Show all posts

Tuesday, October 10, 2017

The common good isn't so great!

A lot of ink is spilled in Christian publications promoting the concept of the common good. I’m not such a big fan and here is why.

The concept of the “common good” came from pagan Greek and Roman philosophy. As Peter Brown shows in several of his books on the history of the Church after Constantine, such as Through the Eye of the Needle, churches had a habit of making bishops out of recent converts from the Roman nobility. They did so for practical reasons: those converts had good educations, political power through family connections and wealth to contribute to the church and the poor. But those converts had been educated at the feet of pagan philosophers, especially Aristotle and Cicero, and were often babes in theology. So when they became bishops they preached what they knew, pagan philosophy that seemed agreeable to Christianity. Among the more prominent concepts carried over from paganism were the veneration of virginity (imitating the Vestal Virgins) and celibacy, contempt for business and wealth, and the common good.

What did the common good mean? Benjamin Constant wrote about the “freedom” and “common good” enjoyed by ancient Greeks and Romans in his essay “The Liberty of the Ancients Compared with that of the Moderns:”

Sunday, October 1, 2017

Adam Smith doesn't explain the wealth of nations

Adam Smith wrote in his Wealth of Nations,
That security which the laws of Great Britain give to every man that he shall enjoy the fruits of his own labor, is alone sufficient to make any country flourish... The natural effort of every individual is to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle, that it is alone, and without any assistance, ... capable of carrying on the society to wealth and prosperity. 
Smith missed two things that made Great Britain unique - individualism and admiration for commerce. He missed them in the same way that a fish might not think about water. Smith grasped that taxes punished farmers in France to the point that they refused to improve their plots. And he understood that rulers and nobility in the Ottoman Empire and China often confiscated the wealth of successful people and so discouraged them from investing.