A
april32010
Guest
and this dignifies the sin of selling it ?Capitalists produce what consumers want. It’s not the capitalists fault that consumers want porn etc.
and this dignifies the sin of selling it ?Capitalists produce what consumers want. It’s not the capitalists fault that consumers want porn etc.
Uh, did you not notice the word “balance”? Of course individual rights are important.Society´s rights are no more important than individual rights.
There is no condescension intended. I am seeking common definitions so that we can minimize misunderstandings while working through the argument. A step by step approach will, I hope, minimize confusion.We´re being a bit condescending now, aren’t we?
The claim that socialism means the ownership of the means of production by the “community as a whole” and not the state is inaccurate…"
The German and Italian example qualify as socialism. Fascism is a form of socialism.
Hmmm I think Canada’s economy is fundamentally better off than any other in Europe or North America.Capitalists produce what consumers want. It’s not the capitalists fault that consumers want porn etc. If everybody wanted to consume Christian products only a fool would not try to grab a slice of that market by producing them. The social system is not to blame, but sinful man. It’s not society’s fault, but the individuals’. Now, Christ can regenerate the fallen man, the state can’t and shouldn’t.
As for the five happiest countries, I’m not familiar with these countries economic history but I do know that distribution of wealth only works if there’s any wealth to distribute. There is no such thing as third world welfare state. Only the nations that have undergone a process of capital accumulation can afford to do that, and even so only by means of massive deficits and perpetual indebtedness. But now the welfare is beginning to go bankrupt in Europe as well as in the USA. The system is unsustainable.
The US is materially wealthy and most of the rest of the world is materially poor, because US corporations have sucked wealth from the rest of the world. Furthermore, the US may be materially wealthy but it is spiritually one of the poorest countries of the world. That is the heritage of American capitalism.The US is a wealthy nation because of capitalism, not despite it.
Mother Teresa pointed to this contradiction at a Washington prayer breakfast with then President Clinton:Furthermore, the US may be materially wealthy but it is spiritually one of the poorest countries of the world.
The Catholic Church has never supported unrestricted capitalism, or communism. There is a balance between the individual rights to property and the rights of society. This is nothing new. If you read the Mosaic Law you will find such things as the Year of Jubilee in which property reverts to the family whose name it is in and the need to return a cloak for surety before night. Basic charity is part of Christianity.
The Pope is not anti-capitalist. He merely teaches it needs to balaced with charity incoded in restrictions. Certain lines simply can not be crossed because the markey allows it.
The State which would provide everything, absorbing everything into itself, would ultimately become a mere bureaucracy incapable of guaranteeing the very thing which the suffering person − every person − needs: namely, loving personal concern. We do not need a State which regulates and controls everything, but a State which, in accordance with the principle of subsidiarity, generously acknowledges and supports initiatives arising from the different social forces and combines spontaneity with closeness to those in need. … In the end, the claim that just social structures would make works of charity superfluous masks a materialist conception of man: the mistaken notion that man can live ‘by bread alone’ (Mt 4:4; cf. Dt 8:3) − a conviction that demeans man and ultimately disregards all that is specifically human
First things first… let’s get this straight from the beginning, he never attacked capitalism.
Speaking against many of the evils that plague Mankind, Pope Benedict specifically stated:
“The prevalence of a selfish and individualistic mindset which also finds expression in an unregulated capitalism, various forms of terrorism and criminality.”
I’m sure none of us would disagree with his condemnation of terrorism and criminality, let I’ll focus only on what he said in relation to capitalism.
Has anyone else noticed he never called for an over-regulated style capitalism? No… he didn’t.
What Pope Benedict spoke against was unregulated capitalism. Big difference. (Emphasis mine)
Not all that long ago, children worked in mines, sweatshops, slaughterhouses, etc. And I mean children… 8 and 9-years-old.
What stopped that? Well, regulation.
The Pope never called for over regulation, nor for oppressive regulation. Just regulation.
So What Is The Catholic Definition Of Regulation…?
Now I ask of you, dear reader, please keep in context what the Catholic definition is.
Initially, we adhere to the Four Sins that Cry to Heaven for Vengeance (note: only the 3d and 4th apply to this particular topic at hand):
- Murder (Gn 4:10)
- Sodomy (Gn 17:20-21)
- Oppression of the poor (Ex 2:23)
- Defrauding workers of their just wages (Jas 5:4)
If that isn’t enough, there is the official teaching of the Catholic Church as found within the catechism:
The Church has rejected the totalitarian and atheistic ideologies associated in modem times with ‘communism’ or ‘socialism.’
She has likewise refused to accept, in the practice of ‘capitalism,’ individualism and the absolute primacy of the law of the marketplace over human labor.
Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for ‘there are many human needs which cannot be satisfied by the market.’
Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended."
Did anyone else notice the first two words in the last sentence?
“Reasonable regulation.”
Should our employer have to pay us for overtime? Do we have to work in a firetrap? Do we deserve a reasonable break for meals?
We all know the answers to those questions.
And above all, none of us want our kids chained to a sewing machine for 16 hours a day, do we?
That’s just reasonable (regulation).
What is bad about capitalism? It is simply a system whereby economic control is in the hands of individuals. It produces the most wealth of any system which seems to be something everyone advocates for. You can’t feed the poor if you don’t have enough food to first feed those in power whether it be capitalists or socialists.But you have to admit pure capitalism is just down right bad. Mixed markets are where its at.
I agree. Many act as if greed only exists in capitalism or more accurately where economic freedom exists. Greed is a condition of man under any circumstances. The greedy rise to the top in communism and get a similar reward as under capitalism. They just use the political class rather than the economic class to get their reward. Also the poor can be greedy. In fact greediness often leads to poverty. Successful people in a free market are those who are fair.I disagree that pure capitalism is just downright bad. It’s fallen, sinful man that’s downright bad and will remain so in every social system. We should condemn sin, not capitalism.
You seem to be hitting on the difference between socialism and fascism. One aspect sometimes used is who owns the capital (which is just an economic term and exists under all economic systems). One use of socialism is when the government owns the capital, such as under communism, whereas fascism is when the government controls the capital such as under regulation or like in the US when the federal government mandates you buy certain products including health care. But the distinctions between socialism and fascism are not as important as the reality that government controls the economy through significant intervention.For an alternative standard definition, Websters online definition of fascism offers an example that contrasts socialism and fascism
merriam-webster.com/dictionary/fascism?show=0&t=1357193763
1
often capitalized : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition…
I don’t know how much we should make of it, but the term ‘unregulated financial capitalism’ is certainly unfortunate. There is nothing evil about pure capitalism. And regulations typically do not reduce the evil in the world. Quite the contrary they tend to make evil a fact of law.
What is bad about capitalism? It is simply a system whereby economic control is in the hands of * individuals*. It produces the most wealth of any system which seems to be something everyone advocates for. You can’t feed the poor if you don’t have enough food to first feed those in power whether it be capitalists or socialists.
"…The Church has rejected the totalitarian and atheistic ideologies associated in modem times with communism or socialism. She has likewise refused to accept, in the practice of capitalism, individualism and the absolute primacy of the law of the marketplace over human labor.
Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for there are many human needs which cannot be satisfied by the market. Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended…"
In the New Year address Pope Benedict XVU likewise condemned:(Catechism of the Catholic Church 2425)
hotbeds of tension and confrontation caused by the growing inequality between rich and poor and the prevalence of **a selfish and *individualistic mentality *** also expressed by unregulated financial capitalism
Notice that the ideologies of some systems is rejected. But the church has only refused to accept the practice of some systems. There is intrinsic evil in some systems. The practice of capitalism can be evil but is not intrinsically evil. I agree that the marketplace is not the prime consideration in our decisions. The moral good should be. But that can not be legislated into existence. That is the role of the Church.The Church has rejected the totalitarian and atheistic ideologies associated in modem times with communism or socialism. She has likewise refused to accept, in the practice of capitalism, individualism and the absolute primacy of the law of the marketplace over human labor.
Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for there are many human needs which cannot be satisfied by the market. Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended…
Capitalism is not a uniform ideology like Marxism. It has various meanings and degrees, even from person-to-person which is why the church speaks of the “practice of capitalism” rather than any particular species of it, since there are so many.Notice that the ideologies of some systems is rejected. But the church has only refused to accept the practice of some systems. There is intrinsic evil in some systems. The practice of capitalism can be evil but is not intrinsically evil. I agree that the marketplace is not the prime consideration in our decisions. The moral good should be. But that can not be legislated into existence. That is the role of the Church.
I agree with reasonable regulation of the marketplace including making fraud and other practices illegal. But reasonable regulation need not be anything more than the basic moral laws that have long existed in most every country.
Then why use the term if it is unclear? It seems a term addressing the actual problem would be better if the word capitalism doesn’t have an agreed upon meaning.Capitalism is not a uniform ideology like Marxism. It has various meanings and degrees, even from person-to-person which is why the church speaks of the “practice of capitalism” rather than any particular species of it, since there are so many.
All economic systems have elements of capitalism. Where government regulation ends capitalism begins. The black market is capitalism and exists everywhere.For example, “social market economies” such as the one in Germany have an element of capitalism but it is clearly very different from the US model and in my humble opinion more in tune with the ideals of Catholic social teaching.
Free markets simply supply the most material goods to the most people. If you have other objectives then it is not the ideal system. I’m not sure what is meant by restraints. What most troubles me is the lack of specificity. What exactly about lack of regulation is bad? What are the bad outcomes and how have they been solved by other systems? As far as I know no system is perfect so no system solves any problem. At best it mitigates it but always with some cost.In itself a free market is obviously a little more desirable that one that is wholly subordinate to the state, however a totally free market without any restraints or little restraints and unfettered competition for profit is hardly the most moral system man can produce.
It certainly can’t procure social justice if that term is not defined. What is social justice in this sense? How can we measure capitalism’s ability to procure social justice if the terms is not well defined?By itself a free market cannot procure social justice, if left to the mere natural outcomes of profit-driven competition between individuals. It is amoral with a strong capacity to be completely immoral.
In many species of capitalism owners and managers of capital dominate the economy in the place of socialistic state domination of the means of production. Big Business, multi-national corporations etc.Free markets simply supply the most material goods to the most people. If you have other objectives then it is not the ideal system. I’m not sure what is meant by restraints. What most troubles me is the lack of specificity. What exactly about lack of regulation is bad? What are the bad outcomes and how have they been solved by other systems? As far as I know no system is perfect so no system solves any problem. At best it mitigates it but always with some cost.
Yes, we can moderate capitalism. But it isn’t anymore the pure capitalism that you spoke of earlier but a mixed economic system of which capitalism forms a small or corporate element."the whole network of social conditions which enable human individuals and groups to flourish and live a fully, genuinely human life … All are responsible for all, collectively, at the level of society or nation, not only as individuals."
Read:"…Besides, Catholic social doctrine is not a surrogate for capitalism. In fact, although decisively condemning “socialism,” the church, since Leo XIII’s Rerum Novarum, has always distanced itself from capitalistic ideology, holding it responsible for grave social injustices (cf. Rerum Novarum, 2). In Quadragesimo Anno Pius XI, for his part, used clear and strong words to stigmatize the international imperialism of money (Quadragesimo Anno, 109). This line is also confirmed in the more recent magisterium, and I myself, after the historical failure of communism, did not hesitate to raise serious doubts on the validity of capitalism, if by this expression one means not simply the “market economy” but “a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality” (Centesimus Annus, 42).
Pope Benedict highlighted the importance of markets, the necessity of justice to assure that markets are directed to the common good and function effectively, and the role of political authorities in making justice a reality. In response to free market extremists, Benedict is clear that “the conviction that the economy must be autonomous, that it must be shielded from ‘influences’ of a moral character, has led man to abuse the economic process in a thoroughly destructive way” [34]. One way in which he discusses the implementation of economic justice is the redistribution of particular goods to those most in need. (Beware, “Joe the plumber”!) Some examples where the pontiff cites the importance of redistribution are in the economy [37], redistribution of wealth on an unprecedented and worldwide scale through appropriate globalization [42], and a necessary worldwide redistribution of energy resources [49].
Someone may have already done so, but I just want to quickly address this point. The Church affirms that true freedom can only be found in Christ. Freedom without Christ is impossible. A freedom that is predicated on capitalist consumption is just another form of bondage. Freedom to consume is just another way of talking about enslavement to consumption. A “consumer-sovereign’s” sovereignty is entirely conditioned by the principle of consumption and therefore represents a notion of sovereignty that is either purely ironic or completely absurd.Capitalism is an economic system where the consumer-sovereing has the last word on what society will produce and consume and how much, not the ruler or the state, and so it allows the most freedom.
[SIGN]Excellent point.[/SIGN]**Capitalism seems to assume that human beings are fundamentally self-interested and that this is beneficial to society. Catholic social teaching, alternatively, holds that human beings are inherently social animals, relational beings or a ‘gift-exchanging’ species and so we are naturally disposed to work together for mutual benefit and in the pursuit of the common good rather than individual welfare at the expense of other people.
The anthropology of capitalism is therefore in error and is in dire need of correction in my humble opinion.
How can an economic system which gets its understanding of human nature and desires so fundamentally wrong be “ideal” in any way or in that wise the last word in economics?
**
We can do better than that. It is also crucial to distinguish market economies from capitalism. I support a market economy, perhaps along the lines of a proposed “civil economy” or with elements in common with “social market economies” although I am averse to the finance capitalism and free market fundamentalism which currently is all-pervasive in our societies.
A market economy is natural; unfettered finance capitalism isn’t. They are not synonymous.
I think that a social market economy, forms of distributism and/or a “civil economy” are all economic theories which are based heavily on Catholic social teaching and are far more preferrable to pure finance capitalism.
A composite or synthesis of elements of all three would be effective in my opinion (distributism on its own would be to sweeping I feel but it certainly should form a crucial element of economics).