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Is Capitalism the problem? What’s the solution?

I received a question about squaring capitalism with the problem of some people having so much and others having not enough… I thought this was too good a question to ignore, but also too big for a quick written response. So I shot a video.

Text of reader question:

 

“Hi Morgana,

I would love it if you’d cover how to morally square a capitalist
system, which is based on hierarchy and some people having more than
enough while others have nothing (two sides of the same coin), with
creating a new system of enough for everybody. I have an abundant flow
in my own life, but it’s not about me, it’s about the highest good for all.

I’ve never gotten a satisfactory answer to this question from any
“changemakers”. When I asked Lisa Schrader, her answer was that
there’s more money to give to charities when you’re wealthy.
Obviously, charities are not cutting it and barely make a dent in the
problems of our society! Stephen Dinan’s answer was that I was
obviously blocked (even though he knew nothing about me! Like I said,
my own life is full of abundant flow, but it’s not about me).

I don’t think money is evil. I know it is neutral, and can be used for
good or evil. I do believe that capitalism is inherently problematical
because it’s based on hierarchy and some having more than they could
ever use in a hundred lifetimes while others live in impoverished
misery, so when we propagate and perpetuate capitalism, we are
supporting an immoral system.

I believe the people who grow our food, for instance, should be making
as much or more money than Wall St. “gamblers,” politicians, lawyers
and just about anyone, since we have to eat everyday. But if all the
farmers, gardeners, trash collectors were millionaires, who would do
the work that better-off people don’t generally do?? And since not
everyone can be a millionaire, as it is unsustainable for our planet
(multiple homes when there are homeless, flying from place to place
and adding more pollution to the atmosphere, etc.), shouldn’t no one
be a millionaire? Wouldn’t the moral goal be that everyone have
enough and then a bit extra? I’m curious as to what your take would
be. I find this confounding.

Thanks for any moral answers to this conundrum!”

 

And the Buckminster Fuller quote on work:

“We should do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian Darwinian theory he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors. The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.”

 

 


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