Capitalism: A Deeply Just System | Capitalismo: Un Sistema Profundamente Justo

By Antonio Saravia, Brujula Digital:

What could be more just than being able to enjoy the fruits of our own labor? What could be more just than the right to earn a living freely according to our own abilities and talents? What could be more just than the assurance that our private property is protected and that no one has the right to it unless we permit it? What could be more dignified than working and knowing that not a single cent in our wallet was taken from someone else in the name of “income redistribution”?

This is, in essence, what capitalism offers: justice and dignity. The greatest value of capitalism lies in its moral proposition rather than the tremendous economic benefits it has produced throughout history. It is this morality that makes good men, the humble and the hardworking, always capitalists, even if they don’t know it or have never read Smith, Friedman, or Mises. They are capitalists because they feel the pride that well-done work produces and value the money they earn because it represents their effort. The others, those who propose the opposite paradigm, socialism, are always pedantic, like intellectuals who think they can plan society and do not trust the decisions of free people; envious, like those who demand redistributive policies because they cannot accept others’ success; or ignorant politicians who do not understand that wealth generation is not a zero-sum game, meaning that the only legitimate way to create wealth is by improving others’ lives, offering something better at a lower price.

We Bolivians are patient and endure many things. We have endured disastrous governments, severe economic crises, widespread corruption, inept officials, and thieving politicians. But deep down, we are capitalists, and when we see our freedoms severely curtailed and our private property confiscated and overrun, we cannot take it anymore. When we feel the injustice deeply, we say enough. That’s when we unite and our fury and indignation are impossible to contain. We saw this on February 21 when we said NO to Evo Morales and in 2019 when we drove him out of power. We also saw it when the trade unions forced the current government to retract Law 1386 and more recently with Law 1543.

In all these cases, the fury and indignation come from the same place, the feeling of injustice. That’s when we stop tolerating stupidity and everything explodes. Bolivians are patient, but we have no vocation for slavery. Bolivians are capitalists; we value our effort and do not tolerate having our pockets systematically picked.

Today, we are reaching that point. We have already lost patience. Our freedoms have been severely curtailed and our private property repeatedly violated so much that we can no longer bow our heads. Overrunners take our lands, the government imprisons those who dare to think differently, justice is only a tool for political coercion, corruption scandals do not stop, and every day we hear of a new and worse one. Drug trafficking has taken over the country, our money vanishes because inflation gallops, and we can’t get dollars to protect ourselves. We can’t withdraw our own money from the bank, our work is threatened because we can’t buy fuel to carry it out, our legal and personal security is just a statement, every month we discover that the government wants to pass a new law to keep confiscating what is ours, the Gestora gives our savings to the government, we are trapped in a web of taxes and regulations, the government prevents us from exporting freely and imposes price controls, public health and education are getting worse, the government maintains 600,000 public employees and more than 70 companies that serve no purpose other than wasting money, our money… and on top of enduring all this humiliation, we have to see the smiling “cashier” telling us that “we’re doing well”…

Indignation has then taken over our hearts. We can endure economic crises, but we cannot endure the humiliation of seeing our freedoms curtailed and our private property overrun. MAS is a walking corpse because it has tried to install a Castro-Chavista dictatorship in a deeply capitalist country. MAS did not learn the lesson that Che and his cronies learned very quickly: socialism has no place in Bolivia because we have no vocation for slavery.

This is the reality and this is our identity. We are a people of brave individuals who respect themselves and their work. MAS will go, we will kick them out in the elections, but beware, they will not leave without being held accountable to the country.

And then? What comes next? What new paradigm can captivate the citizenry? What new paradigm can inspire our hearts and hopes? Only one: capitalism. There is no human flourishing without it. There is no justice without freedom and private property. Our young people, in particular, do not want handouts or bonuses; they want to start businesses in peace, they want no obstacles, they want their private property to be protected, and they want to build their lives and enjoy the fruits of their own labor. They want capitalism, not socialism. They want justice, not “social justice.” They want the responsibility and risk of living in freedom, not the bland and mediocre security of living at others’ expense through the State.

Antonio Saravia is a PhD in economics (Twitter: @tufisaravia)

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