Is Capitalism God-Ordained?

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Yes.

There is no difference between a regulation and a law.
**A regulation is a restriction looking to solve a potential. A law lists the consequence of a violation. Congress makes laws. Departments such as EPA, HHS make regulations.

**
 
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. 👍
Sounds more persuasive than what I have heard thusfar… I think the ardent capitalists here need your help to link back to the spiritual part.
 
**A regulation is a restriction looking to solve a potential. A law lists the consequence of a violation. Congress makes laws. Departments such as EPA, HHS make regulations.

**
My understanding is that in this nation, a law can also give authorization to another branch of government to perform a certain task (which should be in the public interest–unless it is private law). The department or agency then has to execute this law by creating regulations, which must be within the law that was passed. For instance, the Congress creates the tax law, the IRS created the Form 1040 in order to execute the law. The Congress tends to delegate some of it’s power to the executive when their laws are vague as to how the objectives are to be accomplished.

Some agencies may execute the laws in a manner which was not the intent of the original law. For this reason, we have a Congress who can investigate the executive and a Tribunal who can judge facts and law. I believe, however, that at times the executive gets away with too much unlawfulness.
 
Sounds more persuasive than what I have heard thusfar… I think the ardent capitalists here need your help to link back to the spiritual part.
Depends on your definition of spiritual. 😉 That’s actually one of the bigger problems I have with religion when authorities try to speak on corporate/business/professional affairs. Let’s take a look at another statement you made:
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.
Means to end sir, means to an end. Imagine the evil that results from wasting that which could feed a family. The evil that results in eating lesser food because you couldn’t preserve much of the previous harvest. That’s not a question of ‘happiness with less stuff.’ Things like that are simply because it’s in our nature to survive, not just as individuals but as a whole species. Inefficiencies eventually lead to death and starvation, one way or another. It’s rather ironic that Catholicism is a religion that exhorts mankind’s well-being and the preservation of human life yet you have an interpretation that easily allows it to just wither and die.
 
**A regulation is a restriction looking to solve a potential. A law lists the consequence of a violation. Congress makes laws. Departments such as EPA, HHS make regulations.

**
There is no difference. It’s just semantics.

If Congress passes a law that mandates air bags in all motor vehicles, would you consider that a law or a regulation?

If a regulation isn’t a law then it can’t be enforced, only laws can be enforced.

Can the EPA, HHS, etc, make regulations without congressional approval?
 
Market failures are an example of when the free market cannot take care of itself yet you claim it can
Market Failure:
An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers.

Market failures have negative effects on the economy because an optimal allocation of resources is not attained. In other words, the social costs of producing the good or service (all of the opportunity costs of the (name removed by moderator)ut resources used in its creation) are not minimized, and this results in a waste of some resources.

Take, for example, the common argument against minimum wage laws. Minimum wage laws set wages above the going market-clearing wage in an attempt to raise market wages. Critics argue that this higher wage cost will cause employers to hire fewer minimum-wage employees than before the law was implemented. As a result, more minimum wage workers are left unemployed, creating a social cost and resulting in market failure.
 
If a regulation isn’t a law then it can’t be enforced, only laws can be enforced.

Can the EPA, HHS, etc, make regulations without congressional approval?
How about quarantines established by the CDC? How about confiscation of certain items in air terminals? How about prohibition of importation across state lines of certain kinds of fruit? How about mandatory evacuation orders in disaster areas? These are enforced and anyone who refuses can be arrested.
 
How about quarantines established by the CDC? How about confiscation of certain items in air terminals? How about prohibition of importation across state lines of certain kinds of fruit? How about mandatory evacuation orders in disaster areas? These are enforced and anyone who refuses can be arrested.
If they can be arrested for it, then it is a law. All that stuff you talked about, like confiscation of certain items in air terminals, was legislation passed by Congress.

I really don’t see the difference between a regulation and a law.
 
Market Failure:
An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers.

Market failures have negative effects on the economy because an optimal allocation of resources is not attained. In other words, the social costs of producing the good or service (all of the opportunity costs of the (name removed by moderator)ut resources used in its creation) are not minimized, and this results in a waste of some resources.

Take, for example, the common argument against minimum wage laws. Minimum wage laws set wages above the going market-clearing wage in an attempt to raise market wages. Critics argue that this higher wage cost will cause employers to hire fewer minimum-wage employees than before the law was implemented. As a result, more minimum wage workers are left unemployed, creating a social cost and resulting in market failure.
I know what a market failure is, I am a trained economist after all. What does that have to do with what I posted?
 
ThomasJMullally #378
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:
Fr Percy’s explanations are realistic and merely show that Jesus appreciates worthy human endeavour.

As CCC 546 points out: “The parables are like mirrors for man: will he be hard soil or good earth for the word? What use has he made of the talents he has received?”

Fr Percy’s summing up goes to the heart of the matter. He is not explaining the spiritual meaning which all real Catholics should accept, but the reality of worthy human endeavour which is praised, while unworthy endeavour is condemned.
“We can this affirm unambiguously that Jesus Christ ‘looks with love on upon human work’ and that the work of the merchant – the businessman or the entrepreneur – is one of the ‘different forms’ of work that is affirmed. The parable of the talents makes this clear by its reference to money, trading, risk taking and banking.”
Entrepreneurship in the Catholic Tradition, Fr Anthony G Percy, Lexington Books, 2010, p 48-49].
 
Code:
 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?
I have no dispute with that.
Code:
   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?
No, it is clear that what will judeged on our relationships - how well we loved one another, and encountered Jesus in the poor and the needy. One need not till ALL the soil in order to provide for the needs of the poor, but I think that if one was able to jar preserves and didn not, or allowed food to rot in the fields instead of offering it to the poor it would be the same as hoarding food and allowing Jesus to go hungry. It is not a matter of what one has or does not have, but how one uses what they have, and their attachment to it.
Code:
   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.[/qutoe]
Both thinkg can be true. I don’t believe Jesus would use someting intrinsically evil to illustrate spiritual truths.
 
Code:
 There is no difference.  It's just semantics.
They are different. For one thing, ,laws, to be changed, need to be restructured or repealed by those who made them.

Regulations can be changed by the regulating body that created them. They are not subject to vote, or to managed by anyone elected (regulatiors are appointed).
Code:
If Congress passes a law that mandates air bags in all motor vehicles, would you consider that a law or a regulation?
If a regulation isn’t a law then it can’t be enforced, only laws can be enforced.
On the contrary, regulating bodies have legal authority to enforce the codes they create.
Can the EPA, HHS, etc, make regulations without congressional approval?
Ostensibly. By the creation of the regulating body, the legal authority is entrusted to those who make the regulations (so they carry the force of law)
 
I have no dispute with that.

No, it is clear that what will judeged on our relationships - how well we loved one another, and encountered Jesus in the poor and the needy. One need not till ALL the soil in order to provide for the needs of the poor, but I think that if one was able to jar preserves and didn not, or allowed food to rot in the fields instead of offering it to the poor it would be the same as hoarding food and allowing Jesus to go hungry. It is not a matter of what one has or does not have, but how one uses what they have, and their attachment to it.
ThomasJMullally;12220115:
Code:
   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.[/qutoe]
Both thinkg can be true. I don’t believe Jesus would use someting intrinsically evil to illustrate spiritual truths.
 
It certainly can be a fine line between savings and hoarding, and providing for your fellow man and raping the land. My original concept here was, that capitalism/ globalization as we live under today, magnifies the excesses through its systems of production and competition. Everything is compartmentalized, and everyone can point the finger. Like the mortgage debacle… The moral brakes are long removed from this train. The system is far from God-ordained. The best one can say is, it is God-tolerated!
 
They are different. For one thing, ,laws, to be changed, need to be restructured or repealed by those who made them.

Regulations can be changed by the regulating body that created them. They are not subject to vote, or to managed by anyone elected (regulatiors are appointed).
Yes, they are appointed by a legislative body and are given authority by a legislative body. The legislative body gives them the power to create and change regulations.
On the contrary, regulating bodies have legal authority to enforce the codes they create
Noticed you used the word “legal”.
Ostensibly. By the creation of the regulating body, the legal authority is entrusted to those who make the regulations (so they carry the force of law)
If something carries the force of law, then it is a law.

At the end of the day, you people are just arguing semantics.
 
There is no difference. It’s just semantics.

If Congress passes a law that mandates air bags in all motor vehicles, would you consider that a law or a regulation?
If congress passed it…it is a law.
If a regulation isn’t a law then it can’t be enforced, only laws can be enforced.
I think you have got it. By George!
Can the EPA, HHS, etc, make regulations without congressional approval?
They do all the time. And without proper congressional notification those regulations are illegal, and a waste of government time and money. There are hundreds of such regulations on the books right now…just waiting for someone to violate them so a court can toss out the charges.
 
If congress passed it…it is a law.

I think you have got it. By George!

They do all the time. And without proper congressional notification those regulations are illegal, and a waste of government time and money. There are hundreds of such regulations on the books right now…just waiting for someone to violate them so a court can toss out the charges.
If the local traffic engineers in your town decide to change the speed limit, are you saying that it requires a change in the law that only Congress can pass?

This sounds as repressive as Hitler keeping his generals in the field from making their own decisions based on recent developments. Even though D-Day was detected early by the top German Generals, they were powerless to do anything about it because Hitler was asleep and was not to be awakened. Even Rommel who was in charge of defending the coast was back in Germany celebrating his wife’s birthday and wanted a vacation.
 
False. Socialism is condemned. “Communitarianism” is unworkable.
But not condemned?
Free enterprise is “endorsed” by St John Paul II and Pope Emeritus Benedict XVI.
Is free enterprise and capitalism the same thing? I would argue it isn’t.

I would also argue if Capitalism is God-Ordained then Catholics would be compelled to be capitalists and nothing else.
 
Is free enterprise and capitalism the same thing? I would argue it isn’t.
They aren’t. But you usually find free enterprise and free markets where you find Capitalism.

Capitalism is simply an economic system in which the means of production are owned by private individuals.
 
If congress passed it…it is a law.

I think you have got it. By George!
So, if Congress does not pass regulations then how do they have the force of law?
They do all the time. And without proper congressional notification those regulations are illegal, and a waste of government time and money. There are hundreds of such regulations on the books right now…just waiting for someone to violate them so a court can toss out the charges.
If they are illegal, and do not carry the force of law, then how can people get in trouble for breaking these regulations?

If Congress gives legal authority to these departments to carry out and enforce these regulations, then they carry the force of law, thus, they are laws.

If they weren’t laws then you could not be tried in courts of laws for breaking them.
 
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