The inexorable advance of capitalism in American society undermines the aesthetic sensibilities of noble-minded citizens while promoting the pursuit of wealth and empty prosperity. Capitalism subverts high culture, because high culture is not productive &emdash; it is eminently wasteful. Ballets, operas, theaters, concerts, libraries and art museums demand precious resources which could be invested to build faster cars, bigger buildings and more powerful computers. A liberal education provides for the defense of culture; although it cannot ever completely resist the material demands of capitalism, it can certainly stand as a bulwark against the worst excesses of vulgar commercialism.
Capitalist societies need highly competent lawyers, bankers, doctors and businessmen in order to operate effectively. The high salaries available in these professions have consistently tempted Harvard students to reject academic careers in the liberal arts. But that should not cause these same students to reject the liberal arts themselves. While Harvard students contribute to society by creating innovative businesses and advancing medical science, it would be a shame if that were all that they could do. An institution such as Harvard has a profound responsibility to ensure that its resources are used to elevate the culture of a materialistic, capitalist society. Those students who neglect the liberal arts are more susceptible to the vices of capitalism &emdash; unbridled self-interest, avarice, and philistinism &emdash; than are those intrepid students who immerse themselves in literature, history, philosophy and art. Harvard, of all places, ought to be a fortress of culture and high ideals. Instead, it is becoming little more than a stepping stone to a lucrative professional career.
http://www.digitas.harvard.edu/~salient/issues/961021/capitalism.html
the vices of capitalism are opposed to love and being a moral human being. If this is true, this social structure should be criticized. The weak will suffer in a competitive society ruled by money. Jesus told a famous parable about the Good Samaritan. I think an important lesson to learn from this parable is that love has to do with how we treat those who suffer and the weak and less fortunate. But capitalist societies don't seem to care enough for the weakest. When Bush now is doing a $1,200,000,000,000 tax cut, the practical consequences will be less money for social security, free health care etc. It may create a raw society and decrease the public conscience of love and solidarity. Some liberalists and capitalists say that they promote solidarity and aid for the poor, but that they think this should be done through private initiative. Well homo capitalismus, my news for you is that this has been tried out in America for years and years, and it doesn't work. People go to hell with a bottle of cola in their hand, what they need is radical changes. I do of course not want to generalize, but those who today promote radical programs of love and solidarity are mostly leftists or social democrats, not capitalists.
Capitalism does indeed have virtues, but as I see it, the vices override the virtues. As Johan Galtung says, the American capitalist order may be labeled "structural fascism", a system of "structural violence". Fortunately, the American society has many other different values, which makes many of the people very pleasant. (This is also such a pluralist society that many kinds of people and ideals exist side by side, some people are very much marked by capitalism others perhaps much less). The psychology of Wall Street I do not like, but the America of Ralph Nader, Noam Chomsky, Martin Luther King jr. or Dissent magazine I admire enormously. The Hollywood narcissism is dangerous, while those American scientists working to find treatments of cancer, AIDS and other diseases should be respected very much. Nevertheless, the psychology which has started to penetrate business, the media, entertainment and much of the academic world today, the result of a "capitalization" and Americanization of the world, gives reason to look for alternatives.
The alternative is not Soviet communism as some may think. Many alternatives to free trade hyper-capitalism exist: modified capitalism, welfare states -so-called social democracies, or versions of non-totalitarian socialism. The welfare state system, something in between capitalism and socialism, has been tried out with good results in Scandinavia and Canada. My political philosophy is a leftist version of social democracy: a welfare system where we take care of the weak and poor as well as give the strong and progressive space and opportunity to develop their skills and initiatives. In this period of Bush and new free market liberalism we should reflect upon our choice of political leaders and ideologies. Politics and economic systems do not just affect social structures and society at large, but also the human deep psychology.
http://goinside.com/01/4/capital.html