What Judaism Has to Say about Capitalism

Dec. 11 2019

Of late, critiques of capitalism have proliferated on both left and right, so that it is commonplace to write and speak of its failure as a foregone conclusion. Jeremy Rosen, skeptical of such assumptions, turns to traditional Jewish texts, among them a passage from the talmudic tractate Avot that contrasts four attitudes to private property:

“What’s mine is mine and what’s yours is yours” is a balanced attitude. But some say that was the attitude of the men of Sodom.
“What’s mine is yours and what’s yours is mine” is that of a simpleton.
“What’s mine is yours and what’s yours is yours” is that of a saint.
“What’s mine is mine and what’s yours is mine” is that of a wicked person.

Rosen comments:

The first line asserts an individual’s freedom to accumulate wealth. But this could also imply selfishness and disregard for the others. When used that way it was regarded as morally corrupt, like the city of Sodom. The second one illustrates stupidity. If we are going to approve of material possessions, and the right to accumulate, then it stands to reason that each person should be able to choose how, and how much, they want to accumulate. To have people decide for each other is just silly. That is what gangsters, dictators, and ideologues do.

The third proposition says that a rejection of materialism is saintly. But it does not necessarily disapprove of those who cannot adopt such a selfless attitude. And finally, accumulating for oneself by taking what belongs to others is obviously the worst ethical position. One might argue that socialist dictatorships do this as much as capitalist governments: they decide how much you can keep.

In this passage, as in many others, the [Jewish tradition] implies that there is no perfect political solution. In the Bible, there are different models of leadership, governance, and economic systems. Each state—each community—needs to adapt to survive and thrive. A solution that works at one moment in time, or in one situation, may not be the right one forever. Flexibility is essential. Otherwise, systems atrophy. The beauty of democracy, despite its limitations, is that it allows for change.

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Read more at Algemeiner

More about: Capitalism, Democracy, Judaism, Socialism, Talmud

Saudi Diplomacy Won’t Bring Peace to Yemen

March 29 2023

Last Sunday marked the eighth anniversary of a Saudi-led alliance’s intervention in the Yemeni civil war, intended to defeat the Iran-backed Houthi militia that had overthrown the previous government. In the wake of the rapprochement between Riyadh and Tehran, diplomats are hoping that the talks between the Saudis and the Houthis—which have been ongoing since last summer—will finally succeed in ending the war. To Nadwa Al-Dawsari, such an outcome seems highly unlikely:

The Houthis’ military gains have allowed them to dictate the path of international diplomacy in Yemen. They know Saudi Arabia is desperate to extricate itself and the international community wants the Yemen problem to go away. They do not recognize and refuse to negotiate with the [Riyadh-supported] Presidential Leadership Council or other Yemeni factions that they cast as “Saudi mercenaries.”

Indeed, even as the Houthis were making progress in talks with the Saudis, the rebel group continued to expand its recruitment, mobilization, and stockpiling of arms during last year’s truce as Iran significantly increased its weapons shipments. The group also carried out a series of attacks. . . . On March 23, the Houthis conducted a military drill close to the Saudi border to remind the Saudis of “the cost of no agreement and further concessions.”

The Houthis are still part and parcel of Iran’s so-called “axis of resistance.” With the Houthis gaining international political recognition, . . . Iran will have a greater chance to expand its influence in Yemen with the blessing of Western powers. The international community is eager for a “success story” in Yemen, even if that means a sham political settlement that will likely see the civil war continue. A deal with the Houthis is Saudi Arabia’s desperate plea to wash its hands of Yemen, but in the long term it could very well position Iran to threaten regional and international security. More importantly, it might set Yemen on a course of protracted conflict that will create vast ungoverned spaces.

Meanwhile, tensions in Yemen between Saudi Arabia and its ostensible ally, the United Arab Emirates, are rising, while the Houthis are developing the capability to launch missiles at Israel or to block a crucial Middle Eastern maritime chokepoint in the Red Sea.

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Read more at Middle East Institute

More about: Iran, Saudi Arabia, Yemen