It seems that Catholics cannot reconcile with crony capitalism, but they have already reconciled with capitalism itself, no?

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“Capitalism” and “market economy” are two names for the same thing. People who approve of it call it “market economy.” People who disapprove of it call it “capitalism.” Crony capitalism is criticized because it is a distortion of the market economy, for illicit personal gain.
 
Capitalism includes state capitalism. Socialism can also refer to more regulation of a market economy.

Given that, many countries today have mixed economies: combinations of a market economy with state-owned firms and regulations.
 
Is it possible to argue that the theory of distributionism can have practical application in the West?
 
Athanasiy said:
Is it possible to argue that the theory of distributionism can have practical application in the West?
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Definitely. If we read papal documents from Pope Leo XIII onward, one particular suggestion that not a few popes have made is that profits and shares in companies should be more widely distributed among the workers. I see nothing impossible, nor even problematic about regulations that would enforce this.

As an example, Jeff Bezos ought to be able to maintain control of his company while more widely distributing its shares. Last I checked, he was worth almost 200B. Imagine if we had an economic regulatory system that would allow him to maintain control of Amazon yet distribute shares and profits so widely among his workers that his personal valuation would drop down to (say) 20B. Or 2B! It’s hard to conceive how many of his workers’ lives he would elevate by doing so, all the while remaining a mega-rich (a billionaire).
 
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Yeah, if you read the social encyclicals, the Church definitely does not advocate crony Capitalism.
 
Taylor Marshall promotes errors of the right wing. At least based on one interview I watched…

Regarding capitalism itself, the Catholic Church doesn’t promote it. Pope Leo XIII and others criticized it and Saint Thomas gave us the fundamentals to not fall for it (he speaks in terms of principles, causes and ends, which helps us analyze virtually everything)
 
The Church has existed under many economic types–empires, monarchies, feudalism, republics, oligarchies, even communism, though she was oppressed by some of these. From a secular standpoint, market economies have been most successful in making conditions better for people.

I am reminded of something said by John Adams in 1798: “Our Constitution was made only for a moral and religious People. It is wholly inadequate to the government of any other.”
 
Crony capitalism is really just corruption,
something that afflicts all forms of government
 
In many countries of the world, restaurant chains and taxi services, for example, are no longer needed because Uber has appeared.
The same with other industries where competition even tries to resist , but in reality these are not competitors, but many roads which lead to the main road

So the sharks who are killing a lot of small businesses are corruption?
 
Athanasiy said:
In many countries of the world, restaurant chains and taxi services, for example, are no longer needed because Uber has appeared.
The same with other industries where competition even tries to resist , but in reality these are not competitors, but many roads which lead to the main road

So the sharks who are killing a lot of small businesses are corruption?
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Crony Capitalism is when Yellow Cap pays off the city council to enact regulations that exclude Uber from competing with them. I think there is still a role for taxi services, but it’s more niche than being the main/only option
 
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I heard that there are countries where uber taxi is not allowed (Denmark, if i am not mistaken ) so in this case, then the crony capitalism is in relation to such competitors as uber?

I think the Sharks win gradually, because the people will not be re-educated immediately, but over the years.
But sharks will win the credit of trust and everyone will choose only their service, leaving pitiful crumbs to other competitors.

Whether we like it or not, the world will belong to global players
 
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The condemnations of Socialism are intrinsic to the philosophy. The condemnations of capitalism concern abuses, such as businessmen cheating counterparties or peddling vice.
 
mythbuster1 said:
The condemnations of Socialism are intrinsic to the philosophy. The condemnations of capitalism concern abuses, such as businessmen cheating counterparties or peddling vice.
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That about sums it up, yeah.

Socialism (under the definition by which the Church condemns it) inherently abuses the humans within the system, depriving them of their natural rights. Whereas a free market doesn’t inherently abuse human rights (though may require, and in my opinion does require, significant government regulation to protect people from abuses that can emerge within free market systems).
 
And it is the role of government to restrain people from violating the rights of others.
 
Athanasiy said:
I heard that there are countries where uber taxi is not allowed (Denmark, if i am not mistaken ) so in this case, then the crony capitalism is in relation to such competitors as uber?
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Uber was regulated out of business in Denmark. New laws were made that only taxi companies can meet, with custom cars.
Uber will shut down its operation in Denmark next month following the introduction of new taxi laws,
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Uber to shut down Denmark operation over new taxi laws​

.
 
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Capitalism is now, to a large extent, a bunch of whales that take out other whales, or eating other whales up, no?

Even if we take into account that the shops of offshore zones are being closing (Cyprus, and so on) in fact, this is the elimination of some powerful clans by others.

I don’t know how to correctly describe the figureheads, but extremely wealthy people have whole series of their businesses under other names.
Is this not corruption?
and everyone who wants to look into the future is involved in it.

Interesting about Denmark, that is, in Denmark, as I believe, both taxi drivers and passengers deserve decent wages for decent work?(even passengers should be aware that everything in this life has a price and value)
You can’t pay for a taxi like for coffee, just as you can’t pay the driver a miserable amount to survive.
Or may be we can say that uber is really nice decoration of capitalism? (available, cheap service and no illegal pocket money)
 
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