Capitalism and Evolution: Alike? (Part 2)

Last time we looked at a few similarities between evolution and capitalism that are regarded by some people as evidence that capitalism is the best economic way to go. But there are some key differences between them that we might also consider, to be more thorough in our examination. One big difference is how waste is handled. Nature recycles. One species' detritus becomes another's valuable resource. Decaying dead bodies are sustenance for many kinds of critters—even excrement is valued. Capitalist economies, however, create garbage that no creature wants. Moreover, it's often very toxic. Exhausted electronic devices become hazardous trash. Abandoned industrial sites pollute the environment.

Another difference is that capitalism is usually a zero-sum game: somebody wins only when somebody loses. This is a necessary result of economic competition for finite resources. Since capitalism does not recycle much at all, the resources it uses are limited. In contrast, nature often plays a nonzero-sum game, if, for no other reason than that it recycles. One species' waste, if it does well, provides even more resources for other species. They both do well.

Cooperation can also often be found buried deeply within nature's competitive process. Two complementary species, who, at first glance are seemingly in competition, can find themselves mutually beneficial to one another in the long run. A lean-and-mean corporation, however, is rarely concerned with anything beyond its immediate sphere of influence.

The various kinds of interactions between nature's many species also leads to another significant difference between evolution and capitalism: Evolution breeds diversity. A rich and healthy ecosystem is populated by a wide variety of interconnected species. Mother Nature tends to seek a sustainable balance in an ecosystem that finds a large number of plants and animals working together in a complex, symbiotic manner. As capitalism grows, however, the number of players dwindles. Monopolies emerge and grow ever larger—think Walmart or Microsoft. Since a monopoly can afford to be abusive (it has few effective checks and balances), it tends to care little for anything other than its quarterly economic bottom line.

It's interesting that scientists have come to see evolution as a “blind” process. That is, it has no intent, no design, and yet it has brought about a beautiful, complex, and effective process that has done extremely well for billions of years. In contrast, capitalism is very intentional and has a narrow and specific goal: maximization of profit. It works well in the short term (creating that quarterly profit), but often is not sustainable over the long run. Otherwise, would we pollute the planet as we do, or be causing the climate change we are? Greed—an inevitable part of capitalism—does not seem to play much of a role in evolution's game.

So, yes, capitalism and evolution do share some qualities... competition being the obvious one. “Survival of the fittest” plays a role in each system. It's useful to note, however, that Darwin, in presenting his elegant theory, never used the term “survival of the fittest.” He was really interested in the “natural selection” process of evolution, and realized that it is the cornerstone of nature's elegant and sustainable way. He also saw that nature's competition eventually even brought about cooperation.

And that factor of sustainability is crucial: evolution has worked beautifully for a few billion years now. Capitalism is an upstart that's been around for only a couple of hundred years. How much longer will it last?