Pittsburgh: Proof that Capitalism Works

This column was just published by The Pitt News. Read it below and comment.

G-20 protesters have descended on Pittsburgh not to protest any single policy of the G-20 but to rail against capitalism as an oppressive and unjust system foisted upon billions of people by a cabal of world leaders. These protesters promise to make our city their ideological playground filled with tent cities, anti-capitalist marches and – if the bluster of online anarchists is to be believed – violence directed against local businesses.

            

But Pittsburgh is a vibrant counterpoint to the incipient whining of socialists, Marxists and anarchists who seek to blame an economic system for all the world’s troubles. Our libraries, museums and universities are the product of industry.

            

Every building or public space with the name Mellon, Frick, Carnegie, Heinz or Schenley is a product of capitalism and the wealth generated by innovation and competition.

            

Of course, our city’s relationship with capitalism and industry has had its ups and downs. From the great railroad strike of 1877 to the Battle of Homestead to the attempted assassination of Henry Clay Frick, Pittsburgh bore witness to violence perpetrated by both labor and capital.

            

But in spite of the occasional conflict between labor and business, Pittsburgh’s economic history is one of growth driven by industry.

            

Although we look back on the practices of 19^th century industry with distaste and today view coal, the material that powered this nation, as a disastrous pollutant, Pittsburgh would not exist today as a center of education and medical research had it not been for our past industrial success.

            

Our story of success is one of hard work, competition and innovation and it is a story that goes hand in hand with the history of capitalism in this nation. The simple truth is that no other economic system would have enabled such a history and we need look no farther than the gulags of Soviet Russia, the murderous Great Leap Forward of Communist China or the authoritarian nightmare of Fidel Castro’s Cuba to understand the capitalist imperative.

            

The history or state-directed economies is the greatest vindication of capitalism as the economic system that allows people the greatest liberty and chance for success without undue impositions or interference.

            

Of course, with this chance for success comes the chance for failure and no capitalist economy is without those who have failed. This appears to be a major source of contention for protest organizations like Bail Out the People who kicked off this week’s G-20 protests with their March For Jobs on Sunday.

            

On their website, Bail Out the People called for “a moratorium on layoffs, foreclosures and evictions” and proclaimed “the right of everyone to a job or a guaranteed income.” The suggestion that everyone deserves an income regardless of his or her ability or work is ridiculous.

            

Bail Out the People is demanding that need be elevated above ability and that competition be abandoned in favor of an individual’s “right” to employment regardless of their ability to perform a job or the job’s necessity to the economy.

            

Bail Out the People is just one of the organizations protesting the G-20 but it is important to recognize their ethic of need for what it is and remember that neither this nation nor this city were built by giving jobs to the unqualified or by paying people to do nothing.

            

Over the next week, we will all be subjected to the protesters’ slogans, placards and proclamations. As they criticize and demonize capitalism as an economic system of oppression, we must remember that all we hold dear in this city would be impossible without it.

            

We must remember that capitalism’s critics have had their chance in other nations to establish socialist, communist and statist alternatives but have only succeeded in creating greater pain and suffering.

            

We must remember that for all of capitalism’s flaws, it has still proven to be the economic system most conducive to individual liberty and social mobility.

            

Let the protesters attack capitalism, let them march in our streets and protest outside our businesses because when they’ve exhausted their rage and the circus has ended, our city will still be standing as a testament to the achievements of free men and women engaged in a free capitalist economy.