A Quote by George Bernard Shaw
Capitalism has destroyed our belief in any effective power but that of self interest backed by force.
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Capitalism has destroyed our belief in any effective power but that of self interest backed by force. But even Capitalist cynicism will admit that however unconscionable we may be when our own interests are affected, we can be most indignantly virtuous at the expense of others.
We need to graduate from the ridiculous notion that greed is some kind of elixir for capitalism - it's the downfall of capitalism. Self-interest, maybe, but self-interest run amok does not serve anyone. The core value of conscious capitalism is enlightened self-interest. As Jim Cramer on CNBC says, "Bulls make money, bears make money, pigs get slaughtered."
Creative capitalism takes this interest in the fortunes of others and ties it to our interest in our own fortunes in ways that help advance both. This hybrid engine of self-interest and concern for others can serve a much wider circle of people than can be reached by self-interest or caring alone.
It is my firm belief that the solution to all problems lies in dialogue. Earlier, it was believed that force indicates power. Now, power must come through the strength of ideas and the effective dialogue.
The genius of capitalism lies in its ability to make self-interest serve the wider interest. The potential of a big financial return for innovation unleashes a broad set of talented people in pursuit of many different discoveries. This system, driven by self-interest, is responsible for the incredible innovations that have improved so many lives.
We are all members of the same flawed species. Putting our moral vision into practice means imposing our will on others. The human lust for power and esteem, coupled with its vulnerability to self-deception and self-righteousness, makes that an invitation to a calamity, all the worse when the power is directed at a goal as quixotic as eradicating human self-interest.
Capitalism proceeds through creative destruction. What is created is capitalism in a 'new and improved' form - and what is destroyed is self-sustaining capacity, livelihood and dignity of its innumerable and multiplied 'host organisms' into which all of us are drawn/seduced one way or another.
I do entertain a lot of negative thoughts and I haven't got any self-belief. But I haven't done bad for someone without any self-belief.
Is self-interest a bad thing? We want our leaders to be pure and good, but at the same time we want them to be effective, and to be effective you often have to be ruthless and not bound by ideology or the same morals that we pretend to hold ourselves to.
For over a century, popular struggles in the democracies have used the nation-state to temper raw capitalism. The power of voters has offset the power of capital. But as national barriers have come down in the name of freer commerce, so has the capacity of governments to manage capitalism in a broad public interest. So the real issue is not "trade" but democratic governance.
Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to reject capitalism and blame it for all the problems we face. If this fallacy is not corrected and capitalism is even further undermined, the prosperity that the free market generates will be destroyed.
In the past, destruction of your neighbour might have been considered a victory, but today we are all interdependent. We live in a global economy; we face problems like climate change that affect us all. The 7 billion human beings alive today belong to one human family. In the context that others' interests are in our interest and our interest is in their interest, the use of force is self-destructive.
We must draw on our early roots and remind people why the Labour party was created and who it sought to represent. We have never been a sectional party promoting self-interest, but instead a force for engaging self-reliance and self-determination.
As I see it, there are two great forces of human nature: self-interest, and caring for others. Capitalism harnesses self-interest in a helpful and sustainable way, but only on behalf of those who can pay. Government aid and philanthropy channel our caring for those who can't pay. But to provide rapid improvement for the poor we need a system that draws in innovators and businesses in a far better way than we do today.
Belief comes spontaneously as well as by effort. Belief is power. An insincere and uninspired seeker is aware of the truth that belief is power, but he cannot go beyond understanding or awareness; whereas a sincere, genuine, devoted and surrendered seeker knows that belief is dynamic power, and he has this power as his very own.
Self-interest is the most ingenious and persuasive of all the agents that deceive our consciences, while by means of it our unhappy and stubborn prejudices operate in their greatest force.
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