The Bible story of the virgin birth is at the center of
much of the holiday cheer this time of year. The book of Luke tells us that
Mary and Joseph traveled to Bethlehem because Caesar Augustus decreed a census
should be taken. Mary gave birth after arriving in Bethlehem and placed baby
Jesus in a manger because there was no room for them in the
inn.
Some people think Mary
and Joseph were mistreated by a greedy innkeeper, who only cared about profits
and decided the couple was not worth his normal accommodations.
This version of the story (narrative) has been repeated many times in plays,
skits, and sermons. It fits an anti-capitalist mentality that paints business
owners as greedy, or even evil.
It persists even though the Bible records no complaints and there was
apparently no charge for the stable. It may be the stable was the only place
available. Bethlehem was over-crowded with people forced to return to their
ancestral home for a census – ordered by the Romans – for the purpose of
levying taxes. If there was a problem, it was due to unintended consequences of
government policy. In this narrative, the government caused the problem.
If you must find "evil" in either of these narratives, remember that evil is ultimately perpetrated by individuals, not the institutions in which they operate. And this is why it's important to favor economic and political systems that limit the use and abuse of power over others. In the story of baby Jesus, a government law that requires innkeepers to always have extra rooms, or to take in anyone who asks, would "fix" the problem.
But these laws would also have
unintended consequences. Fewer investors would back hotels because the cost of
the regulations would reduce returns on investment. A hotel big enough to
handle the rare census would be way too big in normal times. Even a bed and
breakfast would face the potential of being sued. There would be fewer hotel
rooms, prices would rise, and innkeepers would once again be called greedy. And
if history is our guide, government would chastise them for price-gouging and
then try to regulate prices.
This does not mean free markets are perfect or create utopia; they
aren't and they don't. But businesses can't force you to buy a service or
product. You have a choice – even if it's not exactly what you want. And good
business people try to make you happy in creative and industrious ways.
Government doesn't always care. In
fact, if you happen to live in North Korea or Cuba, and are not happy about the
way things are going, you can't leave. And just in case you try, armed guards
will help you think things through.
This is why the Framers of the US Constitution made sure there were
"checks and balances" in our system of government. These checks and
balances don't always lead to good outcomes; we can think of many times when
some wanted to ignore these safeguards. But, over time, the checks and balances
help prevent the kinds of despotism we've seen develop elsewhere.
Neither free market capitalism, nor the
checks and balances of the Constitution are the equivalent of having a true
Savior. But they should give us all hope that the future will be brighter than
many seem to think.
Credit - First Trust Advisors
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