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.

Read more at Algemeiner

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

Can a Weakened Iran Survive?

Dec. 13 2024

Between the explosion of thousands of Hizballah pagers on September 17 and now, Iran’s geopolitical clout has shrunk dramatically: Hizballah, Iran’s most important striking force, has retreated to lick its wounds; Iranian influence in Syria has collapsed; Iran’s attempts to attack Israel via Gaza have proved self-defeating; its missile and drone arsenal have proved impotent; and its territorial defenses have proved useless in the face of Israeli airpower. Edward Luttwak considers what might happen next:

The myth of Iranian power was ironically propagated by the United States itself. Right at the start of his first term, in January 2009, Barack Obama was terrified that he would be maneuvered into fighting a war against Iran. . . . Obama started his tenure by apologizing for America’s erstwhile support for the shah. And beyond showing contrition for the past, the then-president also set a new rule, one that lasted all the way to October 2024: Iran may attack anyone, but none may attack Iran.

[Hayat Tahrir al-Sham’s] variegated fighters, in light trucks and jeeps, could have been stopped by a few hundred well-trained soldiers. But neither Hizballah nor Iran’s own Revolutionary Guards could react. Hizballah no longer has any large units capable of crossing the border to fight rebels in Syria, as they had done so many times before. As for the Revolutionary Guards, they were commandeering civilian airliners to fly troops into Damascus airport to support Assad. But then Israel made clear that it would not allow Iran’s troops so close to its border, and Iran no longer had credible counter-threats.

Now Iran’s population is discovering that it has spent decades in poverty to pay for the massive build-up of the Revolutionary Guards and all their militias. And for what? They have elaborate bases and showy headquarters, but their expensive ballistic missiles can only be used against defenseless Arabs, not Israel with its Arrow interceptors. As for Hizballah, clearly it cannot even defend itself, let alone Iran’s remaining allies in the region. Perhaps, in short, the dictatorship will finally be challenged in the streets of Iran’s cities, at scale and in earnest.

Read more at UnHerd

More about: Gaza War 2023, Iran, Israeli strategy, Middle East