F
Fr_of_Jazz
Guest
Yes I think we agree in principle as well. I want the end result of a more equitable distribution of wealth and respect for the environment, but in accord with actual Catholic social teaching which affirms time tested means of generating wealth: individual initiative, private ownership of the means of production, market economy, competition, profit, etc.
A few responses.
We haven’t had unbridled capitalism here in the US since shortly after the Industrial Revelation. And no one is pushing for it. There are multiple layers of regulations.
Now if you mean employee-owned businesses, I am definitely for that. My brother is in one. After 5 yrs he is fully into the company which is extremely profitable. They have no union; they work very hard; there are policies (discipline, drugs, etc.) which they all agree upon to ensure success and which no union would tolerate. They have more business than they know what to do with. They’re lean, mean, profitable, competitive and produce a quality product. But it seems like since they’re extremely successful, you would find some problem with that. Should they be taxed more? Get unionized? Dispense with merit-based hiring and go to race and gender quotas?
Look we are not all equal. Some are more intelligent; stronger; have more musical, artistic, business, or athletic talent. They will frequently do better in life when it comes to wealth than those who don’t. Do you resent that? Are you envious? Shouldn’t we choose holy envy: choose to learn from people doing better than us at anything and try to grow.
Are you just as concerned about the externalizing of costs to future generations by federal and state governmental overspending?
Comments:
There has been violence in England and France recently when is it required that people work a 35 hour week. That’s the entitlement mentality. To me it’s noxious. European states and some of our states are faltering or failing because people have been taught to expect more from the government than the economy can generate in wealth.
So what should we be teaching our children? The government will take care of you why bother working hard? Why study hard and develop your talents? You can get a union to give you 50$/hr and full benefits for screwing a bolt on a widget for the rest of your life? Who cares if it destroys the business? It’s just not fair that Johnny is better than you at school. He has no right to be. Posture yourself as a victim so you can got more entitlements. That whole agenda is failing.
A few responses.
We haven’t had unbridled capitalism here in the US since shortly after the Industrial Revelation. And no one is pushing for it. There are multiple layers of regulations.
Laborers can own the means of production here and some do. This is America: hard work, education, living within ones means can and overwhelmingly has bettered peoples’ position in life. If a laborer wants to start a business here he can. Many have, and done well. I know them.Agreed. It’s also the opposite of the actual outcome of unbridled capitalism, which is what we have today. Laborers even in the developed world do not own the means of production. All they own is their labor.
Now if you mean employee-owned businesses, I am definitely for that. My brother is in one. After 5 yrs he is fully into the company which is extremely profitable. They have no union; they work very hard; there are policies (discipline, drugs, etc.) which they all agree upon to ensure success and which no union would tolerate. They have more business than they know what to do with. They’re lean, mean, profitable, competitive and produce a quality product. But it seems like since they’re extremely successful, you would find some problem with that. Should they be taxed more? Get unionized? Dispense with merit-based hiring and go to race and gender quotas?
Look we are not all equal. Some are more intelligent; stronger; have more musical, artistic, business, or athletic talent. They will frequently do better in life when it comes to wealth than those who don’t. Do you resent that? Are you envious? Shouldn’t we choose holy envy: choose to learn from people doing better than us at anything and try to grow.
OK but there is absolute poverty and relative poverty. I’m doing well economically. Steve Jobs has more money than I can imagine, and I am poor relative to him. I gotta say I really don’t resent it. One should ask what can I do to rise, not what can I do to bring down a successful business.Agreed. But, a system which creates extraordinary levels of inequality promotes evil, in my opinion.
Bridled capitalism contains all the components of capitalism that distinguish it from socialism. The capitalism in the US is bridled by any measure and I know of no church authority stating that any document is aimed at condemning US capitalism in principle or in globo. The socialism in Europe is failing.Capitalism and socialism never exist in ideal forms. Bridled capitalism is no closer to capitalism than soviet-ism is to socialism. The Socialism that can be seen in much of Europe is not the socialism that is being condemned by the Church. The Capitalism that is seen in the US and in the Global Market is being condemned.
True in part, but it’s not that easy. Concern for the environment only emerged when a significant level of wealth was already reached; and unions have destroyed whole businesses with outrageous demands. We are paying right now for many protections rightly implemented by businesses, yet we’re also paying with our national security for the refusal to drill our own oil.. . . when wealth is created by reducing protection of labor and the environment, then it’s actually being taken. A key concept here is externalization. Who pays for the pollution caused by the coal-fired power plant? The future will pay for it, because neither the plant, nor the plant’s owner, nor the consumers of the power are paying for it. This is weal that is taken, and not generated. What we call wealth today is often the externalization of costs. That’s a major problem with large-scale economic processes and with capitalism.
Are you just as concerned about the externalizing of costs to future generations by federal and state governmental overspending?
Democracy is a system of government for a whole country and as such it is better for business. Violently putting down labor unrest as in the day of Andrew Carnegie is a denial of rights and an injustice not an abdication of democracy as the system of government for the whole country. Carnegie and the like made more money unjustly but didn’t overthrow our system of government.History shows that Capital prospers most in non-democratic situations. The government in the US often put down labor unrest–that’s anti-democratic. I think you’re drawing a relationship between so-called democratic governments and capitalism on the one hand and so-called socialist governments and socialism on the other. That’s incorrect, I think.
Comments:
There has been violence in England and France recently when is it required that people work a 35 hour week. That’s the entitlement mentality. To me it’s noxious. European states and some of our states are faltering or failing because people have been taught to expect more from the government than the economy can generate in wealth.
So what should we be teaching our children? The government will take care of you why bother working hard? Why study hard and develop your talents? You can get a union to give you 50$/hr and full benefits for screwing a bolt on a widget for the rest of your life? Who cares if it destroys the business? It’s just not fair that Johnny is better than you at school. He has no right to be. Posture yourself as a victim so you can got more entitlements. That whole agenda is failing.