Karl Marx’s critique of capitalism was greatly informed by his observation of the working class in mid-nineteenth century England. Marx witnessed the grinding and subjugating effects of industrialized capitalism, and saw them as a product of what fundamentally shaped the rest of society. For Marx, the economic system of a society was the soil from which everything else in the society grew. Whether it was politics, culture, ideas, institutions, or rituals; for Marx, it all rested upon an economic foundation. Marx even felt that human consciousness itself was determined by material and economic conditions. In my view, this was the major error in Marx’s philosophy. Our reality is determined by our nature as a species, and created via human consciousness. Our economic systems emerge from this; not the other way around.
It is true that once an economic system is established, its nature influences the minds of the human beings that live within it. Yet ‘influence’ is very different from total determination or complete creation. An economic system is created and maintained via decisions that flow from human nature. As the system evolves, deciphering its structure can more easily be reduced to human evolutionary pressures like status seeking, resource acquiring, and producing offspring. A human mind within an economic system responds to that system with the same evolutionary programming that created the system in the first place.
This means that various aspects of our consciousness can be prompted or stimulated by differing economic systems. One system might be weighted towards our capacity for reciprocal altruism or cooperation; while another might ignite our selfish, hedonistic desires. Yet it should be understood that this mode of action is influence, not a total engineering of our conscious experience. The relationship between our minds and our economic systems is an interdependent, dynamic one. Not a zero-sum, simple cause and effect arrangement.
In my view, this is the framework that any true critique of capitalism must work under. The problem with capitalism isn’t the system in itself, or some psionic ability of capitalism’s essence to control our minds. The problem with capitalism is our nature as a species, and our inability to agree upon a universal moral or ethical philosophy. There is no place where ‘capitalism’ exists, or a singular object of capitalism that can be interrogated or changed. There are only laws, norms of interaction, and methods of transaction that were created by, and interact with, the human mind. Ironically, even though the functioning of our capitalist system has become subsumed by our evolutionary impulses; its creation could at least be seen in part as an attempt to mitigate the very impulses that have run amok.
As human beings, a primary part of our evolutionary programming is to accumulate resources. This makes basic evolutionary sense, as every species needs to obtain resources in order to survive and reproduce. Over millions of years, our need to gather resources also inevitably led us to evolve the ability to compete with each other in order to obtain things we need to survive. A twisted, modern day version of this can be seen when rabid consumers wrestle each other into submission for a Black Friday deal on a flat screen television.
If a catastrophic event (man made or natural) ever knocked out all of Earth’s electrical connections for an extended period of time, our situation as a species would very quickly devolve into primal resource competition. Groups would form, and as the norms of modern society began to break down, violence would become a means of ensuring survival. This part of our evolutionary programming, the need to compete for resources (violently if necessary) is what a capitalist structure is supposed to counteract. Instead of fighting, stealing, or killing for land or food, we can use currency or trade to get what we need. Instead of a group of human beings feeling compelled to compete for limited resources, the structures of capitalism are supposed to create an abundance of resources. This then removes any primal urgency that would prompt a human mind into tribalistic survival mode.
In modern times, during what many have called ‘late stage capitalism’, capitalist countries do have an abundance of resources relatively speaking. The basic quality of life for even the poorest of citizens living under Western style capitalism is markedly better than it would have been hundreds of years ago. Supermarkets are full of food, modern buildings offer protection from the elements, and the expanse of the digital world is available to most. Yet despite the successful resource generation of modern capitalist systems, they have also presided over widening inequality, political unrest, out of control corporate influence, inaccessible healthcare, high-priced education, a rising cost of living, environmental degradation, and a general sense of unhappiness for many.
The reason for this is pretty clear: late stage capitalism has devolved into a primal sorting ground by other means. One where money and profit making are to the modern human mind what food and water were to the prehistoric human mind. Instead of a socially constructed item that facilitates nonviolent resource acquisition, money itself has become the main resource item within the mind's eye. Money’s position in modern capitalist society is like a small herd of buffalo situated amid dozens of groups of primitive, hunter gatherer humans. The importance and scarcity of such a primary resource would prompt intense competition between the varying, primitive groups.
In modern times, we can see the results of this framework in the following examples: the nature of city development, the mechanics of a healthcare system based on profit making, the entire functioning of Wall Street and the financial system, corporate influence on lawmaking and democratic institutions as a whole, the decision making process of politicians, the way workers are treated by large corporate employers, and the way humans in general have treated the environment of the planet. The list could go on, but the point is clear. ‘Free market’ capitalism has become an empty platform for the base instincts of the human mind. Our base ‘resource acquisition’ programming has been tuned to acquire and retain money - and the nature of our lives themselves depend on it.
You might be asking now, ‘well this sounds a lot like Marx’s “economic system creates reality” framework’. Indeed it does. But again, it's important to remember, the reality of modern capitalism has not been imposed on the human mind, it is a creation of it. Over years and years, countless human minds have made decisions, and taken actions which have brought us to where we are today. The nature of those self interested decisions and actions is where I believe we can truly find the problem with capitalism. What is it that allows (over time) a capitalist system to devolve into a primal sorting ground by other means? As with many of humanity’s problems, the issue with capitalism is what is missing, rather than what exists.
In 1958, a young Martin Luther King Jr. wrote an article titled ‘My Pilgrimage to Nonviolence’. Along with discussing his philosophical thinking on nonviolent protest, he conveyed his feelings about capitalism, Marx, and communism. King rejected the ‘materialistic interpretation of history’ and the ‘ethical relativism’ of communist thought due to his Christian beliefs. Yet he acknowledged the validity of Marx’s questioning of capitalism, as he felt that it was Chrisitanity’s duty to perform the same interrogation. King gave Marx a nod in highlighting the problem with an economic system that revolves solely around profit making:
Marx had revealed the danger of the profit motive as the sole basis of an economic system: capitalism is always in danger of inspiring men to be more concerned about making a living than making a life. We are prone to judge success by the index of our salaries or the size of our automobiles, rather than by the quality of our service and relationship to humanity - thus capitalism can lead to a practical materialism that is as pernicious as the materialism taught by communism.
King would conclude this section of his article with his feelings on economic truth:
My reading of Marx also convinced me that truth is found neither in Marxism nor in traditional capitalism. Each represents a partial truth. Historically capitalism failed to see the truth in collective enterprise, and Marxism failed to see the truth in individual enterprise. Nineteenth century capitalism failed to see that life is social, and Marxism failed, and still fails to see that life is individual and personal. The Kingdom of God is neither the thesis of individual enterprise nor the antithesis of collective enterprise, but a synthesis which reconciles the truths of both.
In today’s context, the absence of ‘The Kingdom of God’ has allowed the human mind to devolve capitalist systems into empty pursuits of profit and money. For King, ‘The Kingdom of God’ is obviously a religious formulation. For our modern purposes, ‘The Kingdom of God’ means a universally agreed upon moral or ethical framework that binds itself to the societal and biological mechanisms of capitalism itself. Without such a framework, the pernicious effects of capitalism are allowed to metastasize and grow. This line of thinking somewhat aligns with the thesis of Daniel Bell’s 1976 book, ‘The Cultural Contradictions of Capitalism’. Bell’s main analysis was that the success of capitalism undermines the very things capitalism needs to function in a healthy manner.
In a general sense, Bell saw ‘traditional values’ as what capitalism needed, and what it ultimately undermined. But as with Martin Luther King Jr’s ‘Kingdom of God’, Bell’s traditional values formulation has little purchase in 2024. Since the nature of capitalism touches the lives of every single citizen in a capitalist country, any moral structure that came along for the ride would have to have wide, universal appeal and adoption. Moral structures based in a particular religion, or based on Puritan values have limited appeal in a modern, technological, and secularizing age. Not to mention these moral structures are easily subsumed, and used by the human mind as tools to gain resources from others through the mechanisms of capitalism itself. See any megachurch with a well dressed millionaire ‘pastor’, who collects frequent donations from his followers as an example of this.
In any case, this writing is not intended to provide a solution for the problem with capitalism, it is only intended to provide a description. It might not even be possible for a truly universal or secular moral structure to emerge that fully countered our evolutionary nature. In fact, it's hard to imagine how it would even be possible at this point in humanity’s journey. Yet it is possible to imagine how such a moral structure would function within a capitalist landscape.
In a broad sense, the human mind would be oriented towards how to live a meaningful life instead of money fueled resource acquisition. Fellow human beings would be seen less as competitors, and more as opportunities for cooperation or reciprocal altruism. Healthcare would be treated as a human right rather than just another market determined by profit. Wall Street and the financial industry would function more like a modest service industry instead of carrying out a form of legalized racketeering. The price of education would be kept at a minimum, as education would be deemed a public good that should be free of excessive cost and debt creation. And city development would consist of building thriving neighborhoods instead of destroying them with profit driven luxury housing construction.
In this ideal fantasy, the framework of capitalism would be second to a universal moral framework. This would mean that the human mind wouldn’t be solely focused on obtaining capitalistic resources. The moral structure would provide guardrails that would shape actions and decisions. It would create a society that was a true ‘society’, rather than a one dimensional culture that revolves around the ways of money.
Over one hundred years ago, the dynamics between Western style capitalism, morality, the human mind, and society were discussed eloquently in the book ‘Hind Swaraj or Indian Home Rule’. Written in 1909 by Mahatma Gandhi, the text uses an imaginary dialogue to articulate Gandhi’s views on the status of India during British colonial rule. British rule and capitalism kind of blended together for Gandhi as he described the corrosive effect on the Indian mind and soul. He saw the British way of living as morally empty and revolving around base human impulses. For Gandhi, like Martin Luther King Jr. decades later, capitalism was useless without some kind of moral construct. On the notion of what determined a ‘true civilization’, Gandhi would write:
Civilization is that mode of conduct which points out to (people) the path of duty. Performance of duty and observance of morality are convertible terms. To observe morality is to attain mastery over our mind and our passions. So doing, we know ourselves.
The problem with capitalism has never been the imagined (and nonexistent) essence of capitalism. The problem with capitalism has always been the human mind that created it. And without some kind of minimal, agreed upon moral framework to influence decision making within the human mind, the problem with capitalism will persist indefinitely.