The following is an excerpt from an essay I am working on about the end of capitalism. Enjoy!
We forget, often and with deleterious consequences for the public intellectual exchange, that capitalism, or, a system designed for or in sympathy with an economy of exchange of goods for services and the requisite institutions private and public thereof, has no ideological leaning. Systems of capitalism, first colonial, then industrial, and now digital as well as industrial, have always sought to ingratiate themselves with the powers that be, so to speak. Capitalist economies have survived, and even thrived, under republican, democratic socialist, authoritarian and even totalitarian regimes. The pursuit of wealth in material forms as well as in the form of stock, cash, and credit, seems to be a uniquely human disorder. It is telling that in the mind of many a human there is a moment of consideration of making a profit by destroying human life before one comes to ones senses. Capitalism, in the form it inevitably takes when it is hindered only by the most token of regulation, is an economic philosophy of the sociopath and for the sociopath.
This is not in and of itself a bad thing; no product of human thought is “bad” or “good”. There is only relative consequences, for good or evil, that stem from people acting consciously or unconsciously in service of a philosophy. But history and the very structure and morality of capitalism in the real world show that capitalism allows far too many avenues for those who wish to exploit others for profit to do so. At the moment in the United States a conservative and proto-fascistic political party known as the Republicans represent the interests of capital. But it was not always this way. Capitalism benefited under the rule of such liberal paragons as FDR and JFK. Capitalism is an ideological chameleon, metamorphosing from one political shade to another, depending on circumstances.