L
lutheran_farmer
Guest
If we had a true free market economy, your suggestion of the workers and employers deriving mutual benefits would theoretically work. We don’t have a true free market. We have an oligarchy system.
You are right. We have a system where powerful elites in government, business and unions all scratch each other’s backs with no regard for looking out for us. That being said we are closer to a free market than in many. Also if you look around the world today generally speaking the freer the economy is in a country the most prosperous it’s people are.If we had a true free market economy, your suggestion of the workers and employers deriving mutual benefits would theoretically work. We don’t have a true free market. We have an oligarchy system.
Because I do not see a full copy of your post quoted above on the Vatican website, Im going to have to consider what you said heresy. Grow up.Without being able to see a complete version of it on the Vatican’s official website I have to treat the article as hearsay.
Precisely. Even the previous Fed Chairman had many concerns about the moral hazards that came with every Fed move. At least he acknowledged that much.Respectfully my Lutheran friend, where is there a libertarian society. Why not question the Central banking that is tearing our world apart? Why is this omitted in every economic statement?
Nor in the other place, I hear. But who knows?True, but judgement in terms of our eternal destiny is intrinsically linked with how we treat others and as said, we are not merely a collection of individuals in heaven.
An incohesive collection of individuals with competing agendas and no established perception of a common good may be a libertarian concept of heaven, but it is not to my knowledge the Catholic concept.Nor in the other place, I hear. But who knows?
The government operates with a monopoly on force. Everything they do is with the threat of force.My point was that under a communist regime, there was resistance. Are you familiar with the Solidarity movement? It was non-aggressive.
Are child labor laws considered aggressive?
Where are you coming up with aggression?
Great post! We’ve found common ground my CATHOLIC friend.If we had a true free market economy, your suggestion of the workers and employers deriving mutual benefits would theoretically work. We don’t have a true free market. We have an oligarchy system.
I think this is a circular fallacy.That being said we are closer to a free market than in many. Also if you look around the world today generally speaking the freer the economy is in a country the most prosperous it’s people are.
Does that not depend on how one defines freedom?You are right. We have a system where powerful elites in government, business and unions all scratch each other’s backs with no regard for looking out for us. That being said we are closer to a free market than in many. Also if you look around the world today generally speaking the freer the economy is in a country the most prosperous it’s people are.
It is also a fact the wealth of rich prosperous countries is controlled by a minority of the population, As such, they stand to gain the most benefit from a free market. Low taxes benefit the most wealthy to the greatest extent. They are of minimal benefit to those on a low wage.I think this is a circular fallacy.
If you find a country where people are generally rich and prosperous, you find and focus on aspects of it that resemble a free market and say the success is down to that.
If you find a country where people are generally poor and under-noursihed, you search for, find and focus on aspects of that country where the market is controlled.
Thus you always find the evidence to back your beliefs.
It could just as well work the other way around, as all countries have areas that are controlled and areas that are not and you can pick and switch which of these you consider important and which you don’t so that your original premise is always satisfied
So egalitarianism (Ayn Rand’s opposite of libertarianism) is the Catholic concept? How can that be when the Law of Distribution says there’ll always be the poor and the rich and Christ Himself said the poor will always be among us, or something to that effect?An incohesive collection of individuals with competing agendas and no established perception of a common good may be a libertarian concept of heaven, but it is not to my knowledge the Catholic concept.
I agree with your first point regarding who controls the wealth. I disagree with your second point. The richest among us work against a free market using government as a weapon to crush competition.It is also a fact the wealth of rich prosperous countries is controlled by a minority of the population, As such, they stand to gain the most benefit from a free market. Low taxes benefit the most wealthy to the greatest extent. They are of minimal benefit to those on a low wage.
It’s not circular at all. You speak as though there are no objective measurements of how free an economy is and how prosperous a people are. There certainly are many objective measurements. Here is one example.I think this is a circular fallacy.
If you find a country where people are generally rich and prosperous, you find and focus on aspects of it that resemble a free market and say the success is down to that.
If you find a country where people are generally poor and under-noursihed, you search for, find and focus on aspects of that country where the market is controlled.
Thus you always find the evidence to back your beliefs.
It could just as well work the other way around, as all countries have areas that are controlled and areas that are not and you can pick and switch which of these you consider important and which you don’t so that your original premise is always satisfied
I think it’s all a matter of perspective my friend. Who is really paying the most, the rich person who has to pay an extra $100,000 in taxes a year or the low income person who lost his job because that rich person had to scale back his business to afford the tax hike? One is marginally less well off but the other has lost everything including the ability to buy even food for his family.It is also a fact the wealth of rich prosperous countries is controlled by a minority of the population, As such, they stand to gain the most benefit from a free market. Low taxes benefit the most wealthy to the greatest extent. They are of minimal benefit to those on a low wage.
I cannot comment on Amy Rand as I have never read any of her writings. As I have never read any of her writings, I cannot say whether it is a Catholic concept or not.So egalitarianism (Ayn Rand’s opposite of libertarianism) is the Catholic concept? How can that be when the Law of Distribution says there’ll always be the poor and the rich and Christ Himself said the poor will always be among us, or something to that effect?
Apologies if that is what you thought I meant. It’s not exactly what I meant. The rich use the free market for their own self-interest, not for the interest of competition. There is evidence they will work against the free market and use their influence with government as a weapon against it. I can quote you a case I studied as a student as evidence of this. There was a big hoo-ha about it in my part of the world because the connotation was a government minister attempted to use the media and his position to manipulate the judiciary.I agree with your first point regarding who controls the wealth. I disagree with your second point. The richest among us work against a free market using government as a weapon to crush competition.
This is true. I would argue it is a matter of balance. There is nothing to gain from crippling business with unnecessary taxes. As you quite rightly say, it harms everyone. Business should be allowed to flourish because it is to everyone’s benefit. Government should seek to facilitate business for the good of everyone rather than think up unnecessary and restrictive rules for the sake of them to boost the national economy through taxes. It maddens me in my part of the world they have no economic vision and think up rules that are not needed and restrict prosperity for everyone because of their lack of economic vision. I don’t think businesses should be crippled with taxes because they are an easy target. Any more than I think the motorist should be crippled by what amounts to a tax under the guise of safety and being green when we all know it’s about generating revenue. What I argue is government should act to restrain disparity of power to prevent unfairness, and prevent individuals being exploited unfairly for another’s gain.I think it’s all a matter of perspective my friend. Who is really paying the most, the rich person who has to pay an extra $100,000 in taxes a year or the low income person who lost his job because that rich person had to scale back his business to afford the tax hike? One is marginally less well off but the other has lost everything including the ability to buy even food for his family.
Not really, a study set up by an agency with a clear agenda and thus able to tailor its criteria to produce the result it is looking for. That’s hardly an objective measurement, any more than the Heritage Foundation is not an unbiassed or objective study group.It’s not circular at all. You speak as though there are no objective measurements of how free an economy is and how prosperous a people are. There certainly are many objective measurements. Here is one example.
Factoid: In post war Japan the government basically told industries what to make and what not to make and with who to cooperate and with who to compete. Only through this policy could Japanese industry come up to speed so quickly. Once industries were strong, the rules were relaxed and finally abolished. The results are not too positive, with Japan slowing falling back and facing all sorts of problems today. Something quite similar is going to happen in China, as the early steps are quite comparable.It is also quite easy from an historical perspective to track the adoption of laissez-faire principles and the almost uninterrupted growth in prosperity and quality of life in those areas where it was adopted.
I think one should be careful not to confuse the common good with an individual’s good.This is true. I would argue it is a matter of balance. There is nothing to gain from crippling business with unnecessary taxes. As you quite rightly say, it harms everyone. Business should be allowed to flourish because it is to everyone’s benefit. Government should seek to facilitate business for the good of everyone rather than think up unnecessary and restrictive rules for the sake of them to boost the national economy through taxes.