Are You Losing Your Soul to Capitalism?

LISTEN and SUBSCRIBE on:

Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 

Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i 

WATCH and SUBSCRIBE on:

https://www.youtube.com/@WatchdogOnWallstreet/featured  

What kind of money are you making — and what does it cost your soul? In this episode:

• The difference between good money and bad money — and why “legal” doesn’t always mean right
• How modern capitalism has lost its moral compass, trading virtue for “my truth” relativism
• Why lust imitates love, sin imitates freedom, and Satan imitates God — and what that means for how we live and work
• The timeless wisdom of Archbishop Fulton Sheen and Thucydides on the collapse of moral standards
• And why true capitalism depends on conscience — not just profit

America’s obsession with self and pleasure has turned business into idolatry — and why reclaiming virtue is the only way to rebuild trust, freedom, and prosperity.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast, explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Good Money Versus Bad Money explained and underlying kind of
theme for this program, especially over the past I'd say
had past five six years. Yeah, I've been watching a
bit philosophical here on the show with greater regularity. We've

(00:39):
talked about truth. We talked about people making themselves their
own gods, their own truth, making fun of that Calvin
Kleins and my truth, Mike. Calvin's like, you can come
up with your own truth, and how human beings essentially
turn themselves into gods. We can do whatever we want

(01:00):
if it feels right, it's okay, relativism, all of these
things which are not new. Just want to let everybody
know this is it's not new to our period of time.
This is important for people to understand. It really is.
You speak to people and they think, you know, it's

(01:21):
the end of the world because of how things are,
and you can just look throughout history which just repeats itself.
Good Money versus bad money is something that I've been
talking a lot about lately, and how people can justify,
justify the things that they do the way they obtain

(01:45):
money based upon the fact, well it's legal, it's legal.
That's capitalism, whether or not it's it's right or wrong.
I'm going to go over something here with you. You actually,
really I came across this by Archbishop Fulton Sheen talking

(02:09):
about the sensitiveness of the innocent poor. Do that? Okay?
These are these are things that we have to deal
with every single day. Lust imitates love, Pride imitates joy,

(02:30):
sin imitates freedom, Satan imitates God. You might not want
to be deceived by counterfeits anyway. Archbishop Fulton Sheine talking
about society again. Society can live only by standards of

(02:51):
right and wrong, but these standards can be lost. In
earlier days, men knew why anything was right or wrong.
They could give reasons to deter members of society from
acting in a certain way. But curiously enough, our age
has forgotten the reasons right and wrong and my truth.

(03:13):
Right and wrong are largely matters of feeling, and even
when something is said to be wrong in itself, such
as murder, few seem to be able to say why
it is wrong. Morality is thus reduced to something as
personal as taste. The mind becomes like the stomach, preferring

(03:36):
right to wrong, as it might choose pickles rather than
choose cucumbers. It all depends on your point of view.
The ancient Greek historian The City's and the History of
the Peloponnesian War Book I highly recommend, and, speaking of
the class struggle to which his society had degenerated, observed,

(04:00):
the meaning of words has no longer the same relation
to things, but was changed by them as they thought
proper reckless daring was held to be loyal. Courage, prudent
delay was the excuse of a coward. Moderation was the
disguise of unmanly weakness. Frantic energy was the true quality

(04:23):
of a man. The conspirator who wanted to be safe
was a recreant in disguise. The lover of violence was
always trusted, and his opponent was suspected. Again, think about
what I just said, what Fulton Sheen wrote, and apply

(04:43):
it not just not just to money, but to the
way people get us to go into wars or conflicts,
and how they drive us in certain directions. The false
principles behind this feeling theory of right and wrong are
very evident. First, it's held that every exists, every experience

(05:07):
is for its own sake, Whether that experience be sexual, political, social,
or economic. The experience cannot be for the sake of
anything else, there being nothing else but the self. Second,
if we attempt to make any judgment on our experience,

(05:27):
it must be done solely on the basis of whether
or not the experience is pleasurable to the ego. If
it makes me feel good, it's right. Finally, sense pleasure
or thrill or utility is the sole standard of judgment.
It follows the more intense the thrill, the more useful

(05:50):
anything is to the self, the better it is. In
contrast with this position, compare what might be called the
sensitiveness of innocence. The sensitiveness of innocence does not mean
ignorance or not having lived. Rather, it is awareness of

(06:12):
what is good and true because one has avoided the
false and the evil. The grammarian who knows good style
is very sensitive to errors in writing or speaking. The
physician is sensitive to disease and any deviation from the
norm of health. The philosopher can detect at once a

(06:35):
false reasoning process. The director of any orchestra, despite the
number of musicians he has before him, can hear the
false note from the smallest and least important of the instruments.
So in the moral order, when Divine Innocence sat at
the table with the trader, he said, one of you

(06:56):
is about to betray me, Holiness can quickly detect blots. Again,
that is Archbishop Fulton Sheen. Again. Think about this in
terms of what I've been trying to get across, returns
of capitalism, and how it is bastardized, and how various

(07:21):
use it to justify the terrible things that they do
with money just because it's legal. There's a difference between
good money and bad money. Watchdog on Wall Street dot
Com