Capitalism and Charity: The Long, Complicated Connection

Catalog description

Capitalism and charity seldom appear in the same sentence, much less the same title. They seem diametrically opposed. While capitalism is commonly understood as “an economic system based on the private ownership of the means of production and their operation for profit”, according to Merriam-Webster, charity refers to “generosity and helpfulness especially toward the needy or suffering, also aid given to those in need”. The former implies self-interest, while the other breathes common interest. Yet, the two are closely, dynamically connected. As capitalism has emerged and evolved historically, so has charity changed to meet new circumstances and find new legitimations. From simple charity in the form of indiscriminate alms-giving have emerged “poor relief”, “work relief”, “social welfare” and, more recently “effective altruism” to name but a few permutations. Charity as a personal, face-to-face interaction between rich and poor has become cloaked in varieties of impersonal programs and institutions. This research seminar will explore the tensions (and synergies) between capitalism and charity over time. Through readings and discussions of primary sources, students will come to understand something of this historical dynamic. By completing independent research projects, they will contribute to that understanding as well.