Converting capitalism – Klaus Vella Bardon

The impact of the current economic model of capitalism on the western world’s social and democratic fabric should prod us into making some serious reflections.

The most salient reality of this deeply-flawed political system is rooted in the concentration of financial power in the hands of the few to the detriment of the many. It has led to a situation where the political process is hijacked by a small class of capitalists who use the economic process mainly to enrich themselves rather than for the common good.

Malta is no exception. The deep-seated corruption we see at the highest levels stares us in the face. The unbelievable runaway and rapid degradation of our environment is a very clear example of this. The assault on the traditional family and the promotion of the culture of death is another.

The cause of this mess is spelled out by the Chestertonian Thomas Storck in the Distributist Review of June 2012, where he writes: “Allowing free play to mankind’s appetite for gain is as socially harmful as allowing free play to our sexual appetite. And just as the sexual appetite of mankind needs restraint by law and custom, so does man’s acquisitive appetite, a fact that our...