Rubio has been peddling his statist cause at
National Review and The New York Post, where he
argued, incredibly, that “It’s
not ‘Socialism’.”
What makes this society possible is the rights of both workers and
businesses, but also their obligations to each other. Put another way,
businesses have a right to make a profit, but they also have an obligation to
reinvest those profits productively for the benefit of the workers and the
greater society. Similarly, workers have a right to share in the benefits of
the profits they helped create.
I wonder if he believes the “obligation” should
be a two-way street? Gallup says that Millennials are “Unattached to organizations and
institutions,” and so are job-hopping like mad. The Financial Times says it’s nothing new. If businesses are obligated to subordinate
their interests for workers, shouldn’t workers subordinate their interests and
forgo job-hopping—and the better job-opportunities they desire—for the sake of
the businesses that “reinvest for the benefit of the workers?” Does it work
both ways? Or are business owners the only slaves of a government-determined
“the common good?” If the last, what’s left of the rights of businesses to
their profits?
In fact, capitalism does work both ways, with
business and workers each pursuing their own best interests, and each going
their separate ways unmolested when their interests don’t harmonize. Rubio is
trying to defend capitalism on collectivist grounds. But he is merely kowtowing
to the socialists.
Tellingly, Rubio’s National Review article is
“adapted from a speech [he] delivered November 5 at the Catholic University of America.”
I say “tellingly” because the last place you would look for a defense of
capitalism (a free society) is to the Catholic Church. I propose that Rubio
switch to the Democratic Party, where he would make a good running mate for
Elizabeth Warren. “Common-Good Capitalism” is just another distressing example
of the alleged defenders of free markets turning against capitalism.
With “friends” like Marco Rubio and his Catholic
Church, capitalism doesn’t need enemies like Bernie Sanders or Alexandria
Ocasio-Cortez.
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