Is Capitalism God-Ordained?

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In other words, we should have no banking system with no controls on anything. Let the banks print their own dollar bills and let them skip having Federal Deposit Insurance on their accounts. That costs them money. Let them invest in anything they have a mind to including junk bonds. Let them have a high risk investment policy if they so choose, and if they fail, it’s only the depositors who lose out. If they fail, don’t bail them out. After all it’s not their money.

That is pure capitalism. Do you think it is without serious risks?
First of all, the Federal Reserve does not equal the banking system. You can have a banking system without a central bank.

Second, I never said that we shouldn’t have a banking system. You can have FDIC without the Fed.

Third, the US Treasury is the only institution, outlined in the Constitution, that has the authority to print money.

Finally, that is not pure Capitalism. What do you mean by “pure”? Capitalism is simply an economic system in which the means of production are owned by private individuals. It really has nothing to do with the banking system.
 
ThomasJMullally #312
Matthew 25 contains no Parable of Talents as you revise.
Get real.

The New Confraternity Edition of the Holy Bible, 1953 Chapter 25 – “Parable of the Talents” verse 14-30.
All Bibles have the same.

We’ve already seen that Mullally irresponsibly and in repetitive error states that:
  1. “Reason is not God-given” in #85. He has irresponsibly failed to recognise his grave error.
  2. In #104: show me where our Lord decries laziness?
  3. Foolishly repeated in #180: “where in scripture our Lord decried laziness… I still have no answer”.
**Our Lord’s expressed words specifically in verse 26 show his lord declaring “You wicked and lazy servant, you knew that I reap where I have not sown….” **The poster can read the rest where in verse 30 “the unprofitable servant” is cast “into the outer darkness.” ’

As all can see the credibility of Mullally’s case against Christ, His Church, and Fr Percy is in shreds.

Entrepreneurship in the Catholic Tradition, Fr Anthony G Percy, Lexington Books, 2010, explains clearly the meaning of this parable and in Matthew 25:14-30, we find Jesus’ Parable of the Talents in which Jesus lauds the servant who has multiplied talents – “For to everyone who has, more will be given, and he will have abundance; but from him who does not have, even what he has will be taken away. And cast the unprofitable servant into the outer darkness. There will be weeping and gnashing of teeth.” (Mt 25: 14-30). Christ certainly praised the wise use of the fundamental right of economic initiative and prudence in this parable.

Post #150 gives the plain meaning of this parable from Fr Percy, and apart from his own misconceptions Mullally has been totally unable to dispute the clear and authoritative facts.

On this Parable:
“It emerges, secondarily, that the standard of God’s judgment is relative to the opportunities offered: the greater the gift’s, the greater the account demanded.” A Catholic Commentary On Holy Scripture, Dom Bernard Orchard, General Editor, Thomas Nelson, 1963, p 897].

Fancy trying to place himself above Fr Anthony J Percy and his Entrepreneurship in the Catholic Tradition.
 
Abu, who is the imprimatur on this book? I couldn’t find it in the preview I looked at.
 
Get real.

The New Confraternity Edition of the Holy Bible, 1953 Chapter 25 – “Parable of the Talents” verse 14-30.
All Bibles have the same.
We’ve already seen that Mullally irresponsibly and in repetitive error states that:
  1. “Reason is not God-given” in #85. He has irresponsibly failed to recognise his grave error.
  2. In #104: show me where our Lord decries laziness?
  3. Foolishly repeated in #180: “where in scripture our Lord decried laziness… I still have no answer”.
**Our Lord’s expressed words specifically in verse 26 show his lord declaring “You wicked and lazy servant, you knew that I reap where I have not sown….” **The poster can read the rest where in verse 30 “the unprofitable servant” is cast “into the outer darkness.”
Still you insist on misreading and misrepresenting the Parable in Matthew 25. The wicked and lazy servant being punished by the master, is the analogy for men who squander God’s spiritual gifts. Jesus was not espousing physical industry, whatsoever. He was trying to show in laymen’s terms, how we needed to recognize and multiply God’s gift of the Holy Spirit and his offer of everlasting life in the Kingdom of Heaven e.g. to love thine enemies, treat other’s as you wish to be treated, evangelize about His gifts, spread the Gospel, communicate through prayer, thank God, etc etc. Jesus was not advising us to dig gold and trade it cunningly. There was enough of that going on already, including inside the Temple!!!

This is a truly wicked thing you are doing, using the Parable of the Bags of Gold like that. Is there some other place where Jesus decried laziness-- I have not located it. Meanwhile, it is “easier for a camel to go through the eye of a needle”, compared to what…?!
 
Pius XI said you can’t be a Christian and a socialist at the same time. Can’t find the quote, but the Wanderer quotes him thusly on their newsletter. So this means that it is heresy to be socialist? How does that make sense
 
Still you insist on misreading and misrepresenting the Parable in Matthew 25. The wicked and lazy servant being punished by the master, is the analogy for men who squander God’s spiritual gifts. Jesus was not espousing physical industry, whatsoever. He was trying to show in laymen’s terms, how we needed to recognize and multiply God’s gift of the Holy Spirit and his offer of everlasting life in the Kingdom of Heaven e.g. to love thine enemies, treat other’s as you wish to be treated, evangelize about His gifts, spread the Gospel, communicate through prayer, thank God, etc etc. Jesus was not advising us to dig gold and trade it cunningly. There was enough of that going on already, including inside the Temple!!!

This is a truly wicked thing you are doing, using the Parable of the Bags of Gold like that. Is there some other place where Jesus decried laziness-- I have not located it. Meanwhile, it is “easier for a camel to go through the eye of a needle”, compared to what…?!
huh? laziness is a sin. St. Paul says the lazy shouldn’t be allowed to eat
 
huh? laziness is a sin. St. Paul says the lazy shouldn’t be allowed to eat
Finally, we have someone on this thread who wants to seriously consider this, from Church’s perspective.

I am no Biblical scholar, but I was observing that the drive and thirst for material surplus seems man-made, e.g. that Jesus never even seemed to decry laziness, in fact he embraced not only people who might be lazy, but even criminals and prostitutes when he knew they were redeemable.

I have always heard that “slothfulness” is one of the “seven deadly sins”. Maybe you know the roots of this? Really I should do some searching, instead of haranguing Abu! (Perhaps Abu should be going back to Old Testament to set me straight, not refer to one Catholic priest. If he were to refer to Bishop Coughlin, at least he would have himself a Bishop!).
 
Pius XI said you can’t be a Christian and a socialist at the same time. Can’t find the quote, but the Wanderer quotes him thusly on their newsletter. So this means that it is heresy to be socialist? How does that make sense
You have no idea-- even to defend that capitalism is NOT “God-ordained”, I have been assailed, of course not in the name of the Lord (except for Abu), but in the name of fairness, efficiency, etc etc etc. Is this still catholic.com?.. 🙂
 
You have no idea-- even to defend that capitalism is NOT “God-ordained”, I have been assailed, of course not in the name of the Lord (except for Abu), but in the name of fairness, efficiency, etc etc etc. Is this still catholic.com?.. 🙂
Yes it is :eek:

Better said by a ST. than me,

John Paul II recognizes the merits of free enterprise, private initiative and profit: “It would appear that, on the level of individual nations and of international relations, the free market is the most efficient instrument for utilizing resources and effectively responding to needs. But this is true only for those needs which are ‘solvent’, insofar as they are endowed with purchasing power, and for those resources which are ‘marketable’, insofar as they are capable of obtaining a satisfactory price. But there are many human needs which find no place on the market. It is a strict duty of justice and truth not to allow fundamental human needs to remain unsatisfied and not to allow those burdened by such needs to perish.”
 
Semantics, nothing but semantics. You just don’t like the word regulation. If regulations aren’t laws then how can they be enforced?
You like the word “semantics”…don’t you?

I don’t like regulations.

Many times regulations cannot be enforced because they are illegal.
washingtonpost.com/politics/study-hundreds-of-rules-passed-by-obama-administration-are-technically-illegal/2014/07/29/95e799ce-0872-11e4-a0dd-f2b22a257353_story.html

“The situation illustrates the obscure, Byzantine process used to create federal regulations — and how easily it can go awry.”
 
sallybutler #361
who is the imprimatur on this book? I couldn’t find it in the preview I looked at.
Fr Percy’s book has no Imprimatur.

Fr Robert A Sirico attests on the back cover that it “brings together good theology, good philosophy, sound economics, and an appreciation for the full complexity of Catholicism’s positive view of the entrepreneur.”

QUADRAGESIMO ANNO, Pope Pius XI, 1931:
101: ….”it is evident that this system is not to be condemned in itself.”
tinyurl.com/29fm2
 
Still you insist on misreading and misrepresenting the Parable in Matthew 25. The wicked and lazy servant being punished by the master, is the analogy for men who squander God’s spiritual gifts. Jesus was not espousing physical industry, whatsoever. He was trying to show in laymen’s terms, how we needed to recognize and multiply God’s gift of the Holy Spirit and his offer of everlasting life in the Kingdom of Heaven e.g. to love thine enemies, treat other’s as you wish to be treated, evangelize about His gifts, spread the Gospel, communicate through prayer, thank God, etc etc. Jesus was not advising us to dig gold and trade it cunningly. There was enough of that going on already, including inside the Temple!!!

This is a truly wicked thing you are doing, using the Parable of the Bags of Gold like that. Is there some other place where Jesus decried laziness-- I have not located it. Meanwhile, it is “easier for a camel to go through the eye of a needle”, compared to what…?!
I see that Abu is very literal/black and white/fundamentalist in thinking, however, I don’t think Jesus would use an intrinsically evil thing to demonstrate a spiritual truth. I don’t think there is any thing wrong with using wealth to get more wealth. I think what causes problems is our attittude and attachment to it. Sometimes the children of this world are wiser than the sons of light.
 
Pius XI said you can’t be a Christian and a socialist at the same time. Can’t find the quote, but the Wanderer quotes him thusly on their newsletter. So this means that it is heresy to be socialist? How does that make sense
No, heresy means that you disavow the faith. It is the same as the Pope excommunicating the mob because they are engaging in sinful behaviors that place them outside a state of grace. Or people joining the Freemasons. One cannot hold those believes or engage in those activities without violating the tenents of the fait.
 
The issue with Capitalism, as in how the Church defines it, is in the control piece. Capitalism involves control; however, too much control can be a bad thing. It isn’t much different than any other form of organisation. Surpluses and deficits of property will always exist; the issue is with how the surplus holders control those who don’t have as much surplus or worse yet, who have a property deficit.
 
Fr Percy’s book has no Imprimatur.

Fr Robert A Sirico attests on the back cover that it “brings together good theology, good philosophy, sound economics, and an appreciation for the full complexity of Catholicism’s positive view of the entrepreneur.”

QUADRAGESIMO ANNO, Pope Pius XI, 1931:
101: ….”it is evident that this system is not to be condemned in itself.”
tinyurl.com/29fm2
If a book does not have an imprimatur, it does not necessarily mean that the theology is bad. It does mean that it should be read with caution as regards theological issues. For a more complete definition.

catholicdoors.com/faq/qu89.htm
 
The wicked and lazy servant being punished by the master, is the analogy for men who squander God’s spiritual gifts. Jesus was not espousing physical industry, whatsoever. He was trying to show in laymen’s terms, how we needed to recognize and multiply God’s gift of the Holy Spirit and his offer of everlasting life in the Kingdom of Heaven e.g. to love thine enemies, treat other’s as you wish to be treated, evangelize about His gifts, spread the Gospel, communicate through prayer, thank God, etc etc. Jesus was not advising us to dig gold and trade it cunningly. There was enough of that going on already, including inside the Temple!!!
So I’m guessing leadership skills, financial management, and personal knowledge/experience don’t fall under Jesus’ definition of ‘spiritual gifts.’ Well that’s something I could start a thread on. I’ve been meaning to rile up the ‘spiritual’ camp on this site for a while. 👍
 
And what?

You asked:

I answered; Yes and Yes.

What more do you need? Are you making a point or doing a survey? Help me out here…
Cute.

You said:
Corporations DO print their own currency. Its called stock certificates or bonds. Most are worth more than the “play” money printed by the government.
If investors demanded to know the number of shares a company had outstanding…that company had better provide an honest answer or there wouldn’t be any investment.
Likewise a company that did not transmit information in the open to all shareholders would soon lose all of its shareholders.
A Free Market takes care of itself.
Apparently, Enron and Worldcom did not transmit information in the open to all its shareholders but they didn’t lose their shareholders. It took government action to take them down.

Market failures are an example of when the free market cannot take care of itself yet you claim it can
 
I see that Abu is very literal/black and white/fundamentalist in thinking, however, I don’t think Jesus would use an intrinsically evil thing to demonstrate a spiritual truth. I don’t think there is any thing wrong with using wealth to get more wealth. I think what causes problems is our attittude and attachment to it. Sometimes the children of this world are wiser than the sons of light.
I was reading Matthew 25 itself, where Jesus is clearly making analogies to the final judgments in the Kingdom of Heaven. How could it not be, that He was saying that we need to multiply SPIRITUAL GIFTS, to enter the Kingdom of Heaven? Were people to be cast to hell, for not tilling all of their land. or leaving surplus fruit to rot instead of making jarred preserves, or for failing to use a banker with their gold? It is hard to believe that Jesus was speaking of God making final judgments of the souls of men, based on such matters. However I see online that Abu’s interpretation of these verses, an application to material wealth, is not uncommon. What a shame.

**Sorry Abu, I was too harsh, you are only following others about this. Further, I do not think Father Percy in Australia is the best reference you can use to interpret this Parable. ** Based on text I have on Matthew 25 from USCCB as follows, I still must take exception:

1 Then the kingdom of heaven will be like ten virgins who took their lamps and
went out to meet the bridegroom. 2 Five of them were foolish and five were wise.
3 The foolish ones, when taking their lamps, brought no oil with them, 4 but the wise brought flasks of oil with their lamps. 5 Since the bridegroom was long delayed, they all became drowsy and fell asleep. 6 At midnight, there was a cry, ‘Behold, the bridegroom! Come out to meet him!’ 7 Then all those virgins got up and trimmed their lamps. 8
The foolish ones said to the wise, ‘Give us some of your oil, for our lamps are going out.’ 9
But the wise ones replied, ‘No, for there may not be enough for us and you. Go instead to the merchants and buy some for yourselves.’ 10 While they went off to buy it, the bridegroom came and those who were ready went into the wedding feast with him. Then the door was locked. 11 Afterwards the other virgins came and said, ‘Lord, Lord, open the door for us!’ 12 But he said in reply, ‘Amen, I say to you, I do not know you.’ 13 Therefore, stay awake, for you know neither the day nor the hour.

14 It will be as when a man who was going on a journey called in his servants and
entrusted his possessions to them. 15 To one he gave five talents; to another, two; to a third, one—to each according to his ability. Then he went away. Immediately 16 the one who received five talents went and traded with them, and made another five. 17 Likewise, the one who received two made another two. 18 But the man who received one went off and dug a hole in the ground and buried his master’s money. 19 After a long time the master of those servants came back and settled accounts with them. 20 The one who had received five talents came forward bringing the additional five. He said, ‘Master, you gave me five talents. See, I have made five more.’ 21 His master said to him, ‘Well done, my good and faithful servant. Since you were faithful in small matters, I will give you great responsibilities. Come, share your master’s joy.’ 22 [Then] the one who had received two talents also came forward and said, ‘Master, you gave me two talents. See, I have made two more.’ 23 His master said to him, ‘Well done, my good and faithful servant. Since you were faithful in small matters, I will give you great responsibilities. Come, share your master’s joy.’ 24 Then the one who had received the one talent came forward and said, ‘Master, I knew you were a demanding person, harvesting where you did not plant and gathering where you did not scatter; 25 so out of fear I went off and buried your talent in the ground. Here it is back.’ 26 His master said to him in reply, ‘You wicked, lazy servant!So you knew that I harvest where I did not plant and gather where I did not scatter? 27
Should you not then have put my money in the bank so that I could have got it back with interest on my return? 28 Now then! Take the talent from him and give it to the one with ten. 29 For to everyone who has, more will be given and he will grow rich; but from the
one who has not, even what he has will be taken away. 30 And throw this useless servant into the darkness outside, where there will be wailing and grinding of teeth.
 
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