A
Abu
Guest
Where ignorance is bliss ‘tis folly to be wise – not even acknowledging the wisdom of the Pope in recommending the replacement of the term “capitalism”.brjoseph #51
Are you seriously suggesting it was the Catholic Church that created Capitalism?
(Which, it should be noted, you continuously alter, substituting the words, “free enterprise” and then manage to “win” arguments no one else is having.)
Post #48 clearly gave the wisdom of the acknowledged St John Paul II, but selfists choose to ignore reality:
As the acknowledged St John Paul II in Centesimus Annus, 42, 1991 sums up, the requirements are:
‘If by “capitalism” is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a “business economy”, “market economy” or simply “free economy”.’
There is no mere “suggestion”, however serious, that can replace the fact that in post #15 Abu established that Catholics developed free enterprise:
“The first examples of free enterprise appeared in the great Catholic monasteries, about the ninth century. (John Gilchrist, The Church and Economic Activity in the Middle Ages, St Martin’s Press, 1969, I; cf. op. cit (Stark) p xii, 55-58).
“Randall Collins has noted that innovation and specialization in the monastic estates was “a version of the developed characteristics of capitalism itself… the dynamism of the medieval economy was primarily that of the Church.” [Randall Collins, *The Sociology of Philosophies: A Global Theory of Intellectual Change, 1998, Cambridge: Harvard University Press, p 47].”
In post #41:
“Woods proceeds to examine the work of the late Scholastics (writing in the 15th and 16th centuries) on inflation, the foreign exchange market, the value of money, just price interest rates, etc. Their thinking on economics was insightful and strikingly modern, especially since they were writing long before the 18th century appearance of the Scottish Enlightenment and Adam Smith.”
First appeared in National Catholic Register, September 11, 2005 issue.
catholicity.com/mccloskey/westernciv.html