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

Israel Must Act Swiftly to Defeat Hamas

On Monday night, the IDF struck a group of Hamas operatives near the Nasser hospital in Khan Yunis, the main city in southern Gaza. The very fact of this attack was reassuring, as it suggested that the release of Edan Alexander didn’t come with restraints on Israeli military activity. Then, yesterday afternoon, Israeli jets carried out another, larger attack on Khan Yunis, hitting a site where it believed Mohammad Sinwar, the head of Hamas in Gaza, to be hiding. The IDF has not yet confirmed that he was present. There is some hope that the death of Sinwar—who replaced his older brother Yahya after he was killed last year—could have a debilitating effect on Hamas.

Meanwhile, Donald Trump is visiting the Persian Gulf, and it’s unclear how his diplomatic efforts there will affect Israel, its war with Hamas, and Iran. For its part, Jerusalem has committed to resume full-scale operations in Gaza after President Trump returns to the U.S. But, Gabi Simoni and Erez Winner explain, Israel does not have unlimited time to defeat Hamas:

Israel faces persistent security challenges across multiple fronts—Iran, the West Bank, Yemen, Syria, and Lebanon—all demanding significant military resources, especially during periods of escalation. . . . Failing to achieve a decisive victory not only prolongs the conflict but also drains national resources and threatens Israel’s ability to obtain its strategic goals.

Only a swift, forceful military campaign can achieve the war’s objectives: securing the hostages’ release, ensuring Israeli citizens’ safety, and preventing future kidnappings. Avoiding such action won’t just prolong the suffering of the hostages and deepen public uncertainty—it will also drain national resources and weaken Israel’s standing in the region and beyond.

We recommend launching an intense military operation in Gaza without delay, with clear, measurable objectives—crippling Hamas’s military and governance capabilities and securing the release of hostages. Such a campaign should combine military pressure with indirect negotiations, maximizing the chances of a successful outcome while minimizing risks.

Crucially, the operation must be closely coordinated with the United States and moderate Arab states to reduce international pressure and preserve the gains of regional alliances.

Read more at Jerusalem Institute for Strategy and Security

More about: Gaza War 2023, Hamas, Israeli strategy