Frankpearson #339
The distributist believes the best way to ensure a free market is to check government’s collusion with the owners of land and capital and, in addition, to disallow usurious and exploitative practice that develop naturally in economies.
The fundamental economic laws which enable great productivity increases and wealth creation, were discovered by the Catholic Late Scholastics and endorsed by the Catholic Church, and economics involves the activities of fallen individuals who need the moral teaching of Christ’s Church. Over the course of several generations, they discovered and explained the laws of supply and demand, the cause of inflation, the operation of foreign exchange rates, and the subjective nature of economic value. For these reasons Joseph Schumpeter applauded them “as the first real economists.” (Thomas E Woods Jr,
The Church And The Market, Lexington Books, 2005, p 8).The free enterprise economy consists of voluntary property exchanges.
As Fr James V Schall, S.J., in
Does Catholicism Still Exist?, Alba House 1994, p 184-185, explains:
“Since the Catholic Church wants poverty confronted, since She wants this confrontation to be done justly and with the interest and cooperation of the workers and the poor, She has had to acknowledge, as did the socialist systems themselves, that there are certain ways that must be employed if mankind is to meet its economic problems. These ways can be known and imitated, but they must include a juridical system, profit, enterprise, knowledge, exchange, a market, voluntary organisations, a relatively independent economy, private property, and respect for work and excellence.”
It is people, not free enterprise, that engage in immoral practices. That’s why we have laws to seek and punish those who steal, cheat, swindle, and to prevent monopolies. That’s why we have the Catholic Church to guide us – She who invented charity in the West.
#356
The rule that a distributist works for is that the person who labors at land and capital own that land and capital.
“Those who care to support locally based and smaller-scale agriculture have already been doing so for two decades now by means of community-supported agriculture, which is booming. On a purely voluntary basis, people who wish to support local agriculture pay several hundred dollars at the beginning of the year to provide the farmer with the capital he needs; they then receive locally grown produce for the rest of the year. The organizers of this movement, rather than wasting their time and ours complaining about the need for state intervention, actually did something: they put together a voluntary program that has enjoyed considerable success across the country. Perhaps, if distributists feel as strongly about their position as they claim, this example can provide a model of how their time might be better spent.”
*What’s Wrong with “Distributism” *
Mises Daily: Sunday, October 06, 2002 by Thomas E. Woods, Jr.
mises.org/daily/1062
Free enterprise has enabled untold millions to rise above the poverty level and enjoy a far higher standard of living.