David,

I appreciate your sentiments concerning social justice, but I feel an
important point was missed in the essay you offered.

I think a key element of this protestant ethic was an internalized moral
code that made bankruptcy unthinkable and honesty and trust in contractual
dealings and fairness.  Those things made capitalism successful more than
any inherent "god rewards faithfulness with wealth" type of ideological
shift.

Which is what makes the erosion of those values such a fascinating
phenomenon today, as it's coupled with the "moral hazard" of people blithely
walking away from upside down mortgages and declaring bankruptcy with no
social cost.

It is the basis of shared values which makes free commercial interaction
possible.  A clear and understood trust in commonly held values and that
those values encourage fairness, thrift and duty to other.


But even though I'd probably benefit more from "social justice" than anyone
on this list, I'm not a big fan of stealin' from the rich and giving to the
poor.  That's not fair.  It's forcing poor people to accept something they
didn't choose!   Like making Siddhartha move back into the castle.

What does seem like it might be  fair is confiscatory inheritance taxes.

John
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