If you were to study the development of political economy, you would
discover that the marked degradation of the workers, as well as much
of the callousness of the prosperous to the sufferings of the poor are
the direct result of the economic ideas promulgated by the Liberal
philosophers of the eighteenth and nineteenth centuries. “Liberty,
fraternity and equality,” are terms to conjure with; but, once we apply
these principles to the practical affairs of life, we have started
society upon a downward course which can be checked only by a complete
reversal of such ideas.
The French Deists sought to remove all trammels from man that he might
follow nature without restraint. They, and the economists who followed
them--Adam Smith, Ricardo, Bentham, Mill, and others--saw no room for
morality, religion, or even ethics, in political economy. The natural
effect of such principles was to foster the selfish impulses of man
rather than enforce conformity to the standards of conduct which are
embodied in the eternal laws of justice. These principles taught men
that the matter of prime importance was self-interest; they encouraged
cruelty and greed; they opened the way for the practice of unregulated
competition and stultified the Christian ideals of self-renunciation
and human brotherhood.
A political economy without ethics, without a rule of right except as
set down in man-made law, can have none of the elements of justice
save, possibly, through sheer accident. Legal morality and the morality
for which Christianity has always stood are as opposed as the two
poles in many particulars. Where the principles of true morality
are recognized, there is no inherent antagonism between capital and
labor. They have interests that are mutual, and there is no excuse for
turning the industrial world into a battleground upon which strength
and cunning usurp the place of love and justice. The moment that the
higher ideals of life are subordinated to the passion of greed, the
degradation of the weaker and less cunning becomes inevitable.
Public-domain text, read in full here on John Shaqi.
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