In his book The Most Good You Can Do Peter Singer explains the way he thinks about economic objectives, equality, and how capitalism affects the American public. Singer is globally focused on reducing the suffering of people in extreme poverty and what he explains in his book is that the levels of extreme poverty seen in the united states are far lower than levels seen in other countries. He also explores the idea that to be poor in the United States is better than to be poor in developing countries where there is not a structure of assistance and where there are not wealthy people who are able to make donations to help others.
Singer focuses on the idea of the wealthy helping those who are not as fortunate in his book, but his ideas of wealthy might not align with ours. With his global focus he sees ways in which the average American is vastly more wealthy than most people living throughout the world. Even though we may not consider ourselves wealthy, we are often much better off in the United States, and we often have a much greater opportunity to help others through doing good.
Capitalism in The Most Good You Can Do is explored as the source for both the great wealth in the United States even though it is also a source for great inequality within the our country and the global community. Interestingly, Singer views equality as a secondary goal or a useful byproduct of a society focused on doing good. He writes, “effective altruists typically value equality not for its own sake but only because of its consequences.” I would argue that Singer greatly values political equality and social equality since somewhere at the base of effective altruism one must believe that those who they are helping are equals because we are all human. However, the idea of everyone being on equal footing socially and economically is not a key aspect of effective altruism. Effective altruists are not driving for more wealth and more things, but may drive toward greater salaries because it means they will have a chance to do more and provide more for those who are in the most unfortunate of situations.
“No doubt capitalism does drive some people into extreme poverty — it is such a vast system that it would be surprising if it did not — but it has also lifted hundreds of millions out of extreme poverty. It would not be easy to demonstrate that capitalism has driven more people into extreme poverty than it has lifted out of it; indeed there are good grounds for thinking that the opposite is the case.”
Singer’s quote shows that our economic system cannot be blamed for the greatness of our society nor for its shortfalls. People within the same system experience greatly different pressures and outcomes, but what determines the overall health of our society is how we use the system in place. In capitalism the very wealthy have taken advantage of the system to benefit themselves, which is a side effect of the system that does deserve criticism. I would argue that on the other end of the system, thinking of a socialist or communist society, we would fear that those who are the most disadvantaged would find ways to take advantage of the system as opposed to those who are the most wealthy.
The argument that I believe Singer would make, in regards to capitalism, is that those who do become super wealthy, or even moderately wealthy (which may mean the average American when we adopt a global perspective), can do the most good by choosing to redirect their resources to causes that they can meaningfully impact and that will meaningfully impact the lives of those who suffer the most. Without a capitalistic system that allows us all to obtain the most wealth possible, we lose the opportunity to do the most good possible. A focus on social responsibility within a capitalistic society, Singer would argue, is the greatest change and source of positivity the world can provide.