Posted by
KsReaganite on Sunday, January 10, 2010 3:01:22 AM
The last two years have seen a vigorous national debate about the role of government in the management of the economy. With certain sectors of the economy almost collapsing under the weight of imprudence and greed and resultant bailouts and stimulus packages, the very concept of unfettered markets has been challenged in the minds of many, while accusations of ‘socialism’ have been bandied about by others.
By its very nature, a robust free market with minimal regulatory interference cannot survive in an amoral secular environment. The liberty to profit from production of goods and services can never be unlimited in a stable society. Unchecked greed, not an uncommon human instinct, easily leads to chaos, anarchy, and ultimately a dissolution of functioning societies. The limits on such human instincts can come from within, in the form of individual conscience and social sanctions . Or they can come from without, in the shape of legislation and regulation. While a sharp conscience is hardly an exclusive preserve for those who go to church, organized religion is the most widespread and time tested platform for an ethical rulebook for the masses. Dismissing the church, synagogue, mosque and temple as irrelevant to the concept of markets is reflective of dogma rather than introspection.
One of the most prominent social sanctions to check capitalism is unionization which, in its extreme form, can encompass compulsory membership, frequent strikes, and intimidation. An observer needs only look at Europe to see the correlation of faith and economic freedom. The most highly regulated economies are those of Scandinavia and the most unionized one is that of France, all countries that are home to the most secularized Western populations. Conversely, largely observant Ireland and Poland host economies least constrained by the state and far less troubled by organized labor disputes. By the same measure, we can contrast the freer economy of the more church-going United States with that of Canada where the population is far more secular.
If men were angels, opined Thomas Jefferson, governments would not be necessary. Taking a practical step backwards form that flourishing dictum, we can perhaps argue that if people have well developed consciences, big governments may be unnecessary in the marketplace.