"properly tempered self-interest" is a good thing and coupled with freedom, opportunity, reward, created a great country with a good standard of living for the masses, that's until the masses decided to travel the road socialism with more government interference and regulations in every facet of our lives.
Socialism works great...in theory. It is just in practice that it fails.
Seems we've never quite found the right people to run it.
Free Market Capitalism looks brutal in theory. But when practiced in a society tempered by Judeo-Christian (or similar) teachings and beliefs about caring for the poor, being honest & ethical, and having some thought for posterity and neighbors, works better than any other system in recorded, secular history. It can also work very well in a diverse society with much diversity of religious beliefs so long as the social values of integrity, charity, and regard for society are in place.
There are those who want to plunder what others have earned, no doubt.
But I think there are also those who are desperately trying to fix some things that seem to be broken. Even ignoring what has gone wrong with public education the last 40 years or so, the best of schools cannot fix widespread familial breakdown or disfunction. Government can punish crimes, but in a free society will never have enough power to correct for a general lack of ethics, integrity, and decency.
As an example, I'm the first to argue that a CEO who can successfully navigate a company to financial success while providing good employment to 100,000 workers is very hard to find and worth a mint. But somewhere along the way, too many execs seem to have started treated publicly traded companies as their personal piggy banks and the workers as liabilities rather than as a trust. When execs are paid handsomely even while driving companies into the ground there is a sense that something is wrong. And it is. It is natural to look to government to fix such things as appear to be "failings" in the free market. Some regulations, reporting requirements, etc can help create an environment that encourages integrity. But government cannot replace the pulpit and the culture that emanates from it.
Put into entirely secular terms ignoring what was likely the root cause of the culture, I recommend
this wonderfully nostalgic essay by Fred Reed, "When We Were America".
A short excerpt:
Fred Reed "When We Were America" said:
...
We had one cop in the country, Jay Powell, a state trooper, and he had little to do. The high school did not have metal detectors or police patrolling the halls. We had none of the behavior that now makes these things necessary. It wasn’t in the culture. We could have raped, killed, robbed, fathered countless illegitimate children like barnyard animals. We didn’t.
It wasn’t in the culture.
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So with our kinship with guns. The boys had them. They were mostly shotguns for deer hunting, .410s, over-and-unders, twelve gauges, and maybe a .22 Hornet for shooting varmints. If you have a field of soybeans, you don’t want whistle pigs eating them.
We were free in those days. I could walk out the main gate of Dahlgren with my Marlin .22 lever-action over my shoulder, and nobody blinked. The country store sold long-rifles (for the frightened epicenes of today, that’s ammunition) with no questions asked. There was no reason to ask questions. We didn’t shoot each other. Only savages unfit for civilization would do such a thing.
And we weren’t. It wasn’t in the culture. You don't have to police people to keep them from doing what they aren't going to do anyway.
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What is it that makes culture, that either sustains or undermines it? Laws can both reflect and shape culture. What is preached from the pulpit, what is celebrated in media, what is taught in the schools, what is expected, what is looked down upon all have an effect. Our very language has an effect as it shapes how we think of things.
Alexander Pope surmised correctly some things that undermine when he wrote, "Vice is a monster of so frightful mien, As to be hated needs but to be seen; Yet seen too oft, familiar with her face, we first endure, then pity, then embrace”
Charles