Bookmark and Share
My Photo

FROM the EDITORS:

  • IMPORTANT INFORMATION:
    Opinions expressed on the Insight Scoop weblog are those of the authors and do not necessarily reflect the positions of Ignatius Press. Links on this weblog to articles do not necessarily imply agreement by the author or by Ignatius Press with the contents of the articles. Links are provided to foster discussion of important issues. Readers should make their own evaluations of the contents of such articles.

NEW & UPCOMING, available from IGNATIUS PRESS







































































« A little more whiplash from Kmiec | Main | TIME magazine profiles Samir Khali Samir, S.J., author of... »

Wednesday, March 04, 2009

Comments

M. L. Hearing

Well, yes. It seems to me, though, the deeper issue is fear. Modern Western man is afraid--afraid of failure and insecurity in whateverever form--sickness, financial failure, having to work hard with his hands and back, poor "quality of life," death. True sudsidiarity (and maybe we should even go so far as to shoot for some kind of distributism) holds for us at least some insecurity and the possibility of failure. If we're not free to fail, we're not truly free. It is best for the Christian, as Lewis once said, to live in a state of "cheerful insecurity." As it is now, we'd rather have our soma and our putative security, which we've gained by handing things over to government and to the experts. We've learned to love the safety of our servitude.

Augustine

A bit of a tangent, but Dan Arnold has been stating since 2002 that no government action can stem the then upcoming financial crisis because of demographics: those aged between 45 and 55, the peak earning years, are dwindling (see http://www.thegreatbustahead.com/pi_article_feb2004.pdf).

He didn't mention this, but we all know why that age bracket is just now dwindling: contraception and abortion, to the tee.

Take that, Pelosi, births are actually good for the economy!

Robert Miller

Well said Augustine -- and M.L., too.

Clearly, Obama has a statist agenda. He would have government take the place of the large, anonymous corporations that control finance, major manufacturing and health care.

But let's think about it. If we had someone in power we could trust, wouldn't this moment present the best opportunity in seven decades to implement the distributist programme? Let the government liquidate the banks, auto makers and health insurance companies; cut mortgage principal owed to market value across the board; convert defined contribution to defined benefit retirement plans; and hold interest rates as near or below zero as possible -- as a matter of policy.

I know what the Liberal -- left and right -- arguments against these prescriptions are: they will materially "impoverish" us collectively. But they also will engender among us a solidarity that can support a genuine "subsidiarism" among us. In practical US politics, I'm sorry to say I don't think we can get there from here as Republicans (and obviously not as Democrats).

We seem to have forgotten Belloc's insight that the advanced capitalist polity is not different substantially from the communist. The latter is militantly atheistic; the latter is (worse, we have come to experience and realize)militantly agnostic.

We need a Catholic politics. And we need a few good Catholic men to get it started.

Neal Lang

"But let's think about it. If we had someone in power we could trust, wouldn't this moment present the best opportunity in seven decades to implement the distributist programme?"

Ah, but that's rub, isn't it? Finding and putting "someone in power we could trust". Of course, we are all sinners, and as Lord John Acton aptly stated: "Power tends to corrupt, and absolute power corrupts absolutely."

Personally, I believe the whole concept of subsidiarity is that when someone who is in "power" starts getting "corrupted", it is a lot easier to meet him "face to face" and punch him in the nose when he needs it if he local!

Neal Lang

"We seem to have forgotten Belloc's insight that the advanced capitalist polity is not different substantially from the communist. The latter is militantly atheistic; the latter is (worse, we have come to experience and realize)militantly agnostic."

"CAPITALISM: Capitalism can be described as a free-market system of economics. Economic liberty is the cornerstone of the free-market system. Economic liberty entails freedom from unnecessary government intervention in the market place, legal protection of private property, and the freedom to buy and sell almost anything at any time.

"Free-market thought has its origin in several sources including the work of the French physiocrats, the late Scholastics, and the British classical economists, notably Adam Smith. Classical economics (see Classical Economic Theory) later developed into various schools of economic thought. Three prominent schools include the Austrian school, the Chicago school, and the Virginia school (sometimes called the Public Choice school). The single defining characteristic unifying all three schools is a tireless defense of human liberty, particularly, economic liberty. Forceful admonitions against direct government involvement into the economy unites every free-market economist regardless of background and theoretical viewpoint. Free-market economists agree that, while the intentions of government may be honorable, intervention disrupts market processes by curtailing liberty and spontaneous development. Key thinkers include Adam Smith*, Ludwig von Mises*, Friedrich Hayek*, Milton Friedman*, Wilhelm Roepke*, James Buchanan, Gary Becker, and Michael Novak.

"CLASSICAL ECONOMIC THEORY: Adam Smith, author of The Wealth of Nations, best represents the school of classical economic theory. Classical economists were occupied mostly with the production of capital. These economists determined prices for goods not by consumer demand, as we do today, but by how much an item cost to produce (natural price theory). Because the science of economics began about the same time as modern natural science, the classical economists frequently employed scientific and philosophical ideas in their writing. Key thinkers include Adam Smith*, David Ricardo*, and John Stuart Mill*.

"ECONOMIC PERSONALISM: (see Personalism) Economic personalism is a new body of scholarship that attempts to integrate the principles contained in Christian social thought with the accomplishments of contemporary economic science. Economic personalists seek to produce an economy that is truly humane, one worthy of human dignity. Such an economic arrangement would have to not only respect human freedom, individual choice, human creativity, and the right to market initiative, but would also have to generate wealth.

"PERSONALISM: (see Economic Personalism) Personalist philosophy analyzes the meaning and nature of personal existence. Yet it acknowledges the mysterious character of human existence. This recognition, however, does not eliminate the possibility of investigating the mystery, but it does affirm that no theory or set of insights can ever fully explain human life. The human person is an infinitely complex subject. A distinct feature of personalist philosophy is that human dignity and the intrinsic value of persons are revealed in human experience. Personalist philosophers maintain that experience ought to be the starting point for the philosophical analysis of the person. Reflection upon experiences accents the unique aspects of being human, namely, consciousness and freedom. Personalist philosophers view persons as active beings with awareness of their environment, not unmoved, abstract, or rational entities. Key thinkers include Emil Brunner*, Pope John Paul II*, Emmanuel Mounier*, Martin Buber*, Max Scheler*, and Gabriel Marcel*." Dictionary of Terms for Free and Virtuous Society * RIP

Unlike Communism, Capitalism, can only become repressive when a big, powerful central government alines with big business and picks the "winners and loser". This should never occur in a truly "free market". This primary occurs when government determines that it is the best arbiter of how wealth should be distributed. Communism starts from this premise.

Neal Lang

"Let the government liquidate the banks, auto makers and health insurance companies; cut mortgage principal owed to market value across the board; convert defined contribution to defined benefit retirement plans; and hold interest rates as near or below zero as possible -- as a matter of policy."

Who will be willing to lend money when can government violents their terms in order to achieve some utopian redistribution of wealth? Allowing the banks and the "Big Three" to fail is really "Free Market Economics 101". The result will be a stronger economy in the long run. Having the government take over these industries is a formula for economic disaster. See Zimbabwe as an example.

The comments to this entry are closed.

Ignatius Insight

Twitter


Ignatius Press


Catholic World Report


WORTHY OF ATTENTION:




















Blogs & Sites We Like

June 2018

Sun Mon Tue Wed Thu Fri Sat
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Blog powered by Typepad