Capitalism, as an economic system, has brought us prosperity that no other system could have dreamed of. However, it is not without its flaws. The system often leaves individuals vulnerable to various socio-economic challenges. What happens if you get sick, become unemployed, or are born into poverty? What if you are charged for being sick? What if it costs you to learn? Why are drug prices so high, and why does it cost so much to get an education? The US economy has long suffered from low educational standards and a shorter lifespan. Statistics show that the wealthy live, on average, 10 years longer than the poor.
In the UK, the concept of noblesse oblige—the idea that those with privilege have a moral obligation to help those less fortunate—has been a guiding principle for the aristocracy. Similarly, in the US, charity is often seen as a moral duty for the wealthy. These acts of generosity are commendable and have undoubtedly helped many people in need.
However, relying solely on the conscience and goodwill of the wealthy is not a sustainable solution. Should we wait for the rich to notice the plight of the poor and act out of a sense of moral obligation? This approach is inherently flawed because it depends on the voluntary actions of individuals who may or may not choose to help.
While noblesse oblige and charity are noble deeds, they are not sufficient to address the systemic issues within capitalism. There is a need for robust public services and government intervention to ensure that everyone has access to basic necessities such as healthcare, education, and social security. Governments, run by trusted people who are not enriched by their positions, should be responsible for providing these services. This ensures a more equitable distribution of resources and reduces the reliance on the goodwill of the wealthy.
They should speak of the minority of people who suffer from the system, while the majority benefit from it. This principle can be applied to various aspects of society, including healthcare and public health measures.
Vaccines are among the most cost-efficient ways to cope with the spread of viruses. They have saved the lives of tens of millions of people, even as more than a million have died from the virus. While the majority of people are protected by vaccines, a minority may suffer adverse effects. It is crucial that we do not neglect these victims.
This duality highlights a fundamental issue within capitalist systems: the benefits enjoyed by the majority often come at a cost to a minority. In the case of vaccines, the overall public health benefit is undeniable, but the individuals who suffer adverse reactions deserve attention and care. This is where the role of government and public services becomes essential.
Governments should ensure that those who suffer from adverse effects receive adequate support and compensation. This approach not only addresses the immediate needs of the affected individuals but also reinforces public trust in health measures. By acknowledging and addressing the suffering of the minority, we can create a more equitable system that benefits everyone. A balanced approach that includes robust public services and government intervention can help mitigate these issues and create a more just and compassionate society.