Originally Posted by thismama
Capitalism as it is currently performed, and as it has been performed historically, is inherently unethical yes, and so a serious spiritual concern.
I would have to agree. Most of the changes to western capitalism since the middle ages have made it more unequal and centralised wealth.
There was always a distinction between rich and poor, but at one time manufacture of goods was controlled by workers through the guilds. Those who wove cloth for a living owned the looms, determined the prices of their goods, and controlled working conditions. The destruction of the guild system was brought about by the wealthy who ended up owning and controlling the production of goods, which made the economic system far more unbalanced.
One big change was the legalization of interest. In most of Europe, at one time, it was illegal to charge interest on anything. It was considered to be against Christian teachings. Our current economic system is now based on the idea of interest, which has certainly been of no benefit to the poor, but which has made a small number of people/businesses very wealthy.
Other changes over the years have had similar effects. The only time there was a "break away" from this system was during Communist revolutions, which brought about an economic system which had problems of its own.
I am not sure if you could call the medieval economic system "capitalism" but whatever it was, it was fairer and less morally suspect than the current one.