Super-Wealth, News Media Deception, Economics, and Adam Smith

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This is an answer to a question from friends about why the News Media, all the networks, are being silent about controversial investigative discoveries made about our current ruler(s) here in America. It relates to “social justice,” albeit somewhat indirectly:

The major news media are all owned by the
Corporate Elite, the Super Rich whom, contrary to popular belief, are NOT conservatives but Leftists (morally and, for everyone ELSE, economically too). Don’t believe me? PLEASE follow their money trail. What organizations have they founded? What political Think Tanks have they founded? What do these Think Tanks ADVOCATE, nationally and internationally? Most conservatives, who advocate super-low taxes for these people and corporations, would be HORRIFIED to find out what these folks, generally (there are exceptions) use their wealth FOR. Who do you think is SENDING MILLIONS of our American jobs to India and China??? It’s not the entrepreneurs and mom and pop or middle sized businesses doing that, it’s the super wealthy and the BIG corporations, who got the huge BUSH TAX BREAKS of 2001 for the EXPRESS PURPOSE , as stated by Bush, of them to use to CREATE MILLIONS OF MORE AMERICAN JOBS. Yet, from 2001 onward, and WAY BEFORE the Recession hit, these folks were firing Americans and sending the jobs overseas to India. You can’t even get a CASH REGISTER in a local building fixed without calling FREAKING INDIA FIRST to place a work order. For a cash register in MIAMI, in any company’s store, not just one or two. They OWN the Major News Networks and influence the HIRING of the journalists. It is absolutely not true that the only people who study journalism are LIBERALS, so that these networks are “FORCED” to hire ONLY LIBERAL journalists and editorialists. No, they hire them ON PURPOSE. Don’t believe me? Again, do your homework. Get a list of the Boards and biggest shareholders of the major news networks. Guess what? Guess who you will find sits on those boards? You will also find that they OVERLAP. YUP. They overlap. As do their MAJOR share-holders. Many of the owners, and the journalists, belong to ROCKEFELLER’s COUNCIL ON FOREIGN RELATIONS, a ONE WORLD GOVERNMENT advocating organization, and it’s (also Rockefeller-run) offshoot, the TRILATERAL COMMISSION. BOTH Bush (in his real, as to public posturing ) policies AND our current chief exec, fit with their one world superstate agenda PERFECTLY, and THAT is why you won’t hear the truth from these people (newsmedia) on most issues. It, the truth, does NOT FIT INTO THEIR AGENDA

And none of the above is “theory,” either.

Why did I mention all that Rockefeller, One-World Government,
CFR/Trilateral stuff?
BECAUSE. Listening to the news media, you would have NO IDEA what the new International Laws being promoted by the U.N., the agent of the one-world-government movement, MEAN FOR YOU and your loved ones, and your individual, constitutional rights as a U.S.A. citizen. Under many of these new U.N. initiatives, if they are ratified, our constitution will be SUBJECTED TO those laws. I.e., your rights will be SUBJECT to U.N. whim. MOST folks at the U.N., MOST member nations, are not freedom-advocating Democracies, folks.
They are, most, highly authoritarian and many are totalitarian. This is
FINE with the Super Rich on Wall Street and in London and Paris banks. As long as they can use their oppressed populations as CHEAP LABOR, they will continue to bankroll these regimes. NAFTA and the other “free-trade” laws that Republicans and some Dems too, worked overtime to pass, originated in the mind of Rockefeller and other blue-bloods. These agreements are designed, DESIGNED, to undermine the job security and workers rights of American workers and to ENABLE Corporations to fire Americans and send the jobs to India and China where they can pay those people $1 an hour or less to do the same work that YOU used to be paid $12 an hour and UP to do (and they were STILL making good profits. The point is, good isn’t enough.
They want MORE, always MORE). CONTINUED IMMEDIATELY BELOW, THANKS.
 
CONTINUED FROM IMMEDIATELY ABOVE…

This one-world being built is NOT going to be the freedom filled life that you and your families have heretofore enjoyed
as American citizens. It is a Fourth Reich of the Ultra Rich.
That is one reason why the Media is riding Israel’s butt in the middle east
disputes. They want to placate the radical Arabs and other Muslims at any and all
cost so as to maintain easy access to their reserves and, hopefully one
day, their labor markets. ISRAEL, since many of the surrounding arabs hate them, is getting in the way just by BEING THERE, so they keep pressuring
Israel to make concessions, endangering the lives of ALL Israelis in the process, to make the arab nations happy. In the end, it’s all about adding even more financial padding to the already bulging pockets of the SUPER wealthy elite.
Please do not be deceived any longer. And DON’T believe 90% of what you hear on
the major, “respectable” news networks, at least not when it comes to
politics and world-affairs. The stories are deliberately chosen (out of dozens MORE, equally-newsworthy stories that they COULD cover), and they are all reported on all the networks from the SAME political and editorial and ideological ANGLE. NO WAY is **that **pure coincidence. Only a naiive person would continue to believe it is.

THIS QUOTE BELOW IS FROM AN OLD ONLINE ARTICLE, directly quoting ADAM SMITH, the father, it can be said, of modern Free-Market economics. Yet even Smith, himself, acknowledged the kind of stuff I am talking about in my replies above. But what Smith acknowledged here, has GONE GLOBAL, so that it is now REALLY dangerous (he is talking about the wealthy elites CONSPIRING TOGETHER
against the legitimate interests of the workers):

“We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account,
that masters rarely combine, is as ignorant of the world as of the subject. Masters are always everywhere in a sort of tacit, but constant and uniform, combination, not to raise the wages of labour above their actual rate … Masters, too, sometimes enter into particular combinations to sink the wages of labour even below this rate. These are always conducted with the utmost silence and secrecy till the moment of execution; and when the workmen yield, as they sometimes do without resistance, though severely felt by
them, they are never heard of by other people”. In contrast, when workers combine, “the masters … never cease to call aloud for the assistance of the civil magistrate, and the rigorous execution of those laws which have been enacted with so much severity against the combination of servants,
labourers, and journeymen.”

THE ABOVE, dear friends, is not a quote from some Liberal, or some Marxist,
or Leftwing supporter. This again is from ADAM SMITH himself. He may
have been a capitalist (a “free market” economics advocate) but unlike many of
today’s Republicans and other conservatives, he was NOT BLIND to the propensity of people, especially VERY WEALTHY and POWERFUL PEOPLE, to RUTHLESS WICKEDNESS AND OPPRESSION.
And the reason is, ((and rightwing Christians, who are BIG on the reality of Sin at all other times, tend to forget this fact when it comes to the super-wealthy)), is that ALL PEOPLE ARE BORN IN SIN, and ALL OF US have a very real tendency to become greedy and ruthless.

Sorry to ramble, and I’m not trying to talk “politics” per se, but about “social justice.”
A dear catholic friend of mine last night got very upset when I told him capitalism could be RUTHLESS. He has bought the whole pro-Big Business line hook, line, and sinker, even believed that Child Labor was voluntarily done away with and not by legal decree !!!
When I brought up Papal Teaching, consistent PAPAL teaching, on UNregulated Capitalism, and RERUM NOVARUM, and JPII (whom he venerates), he did not want to hear it and tried to shush me from talking about it and kept saying capitalism “inevitably” makes everybody else very prosperous!!! Many of us know that that is NOT true. Yes, it IS the most prosperity-creating system, but because of SIN, it HAS to be regulated and kept in some kind of check, and the POPES and Magisterium explicitly say so, repeatedly.
He (my dear Catholic friend last night) told me that Adam Smith was so brilliant, etc., and he WAS, but Smith AGREED with what I was trying to say, as his quote above proves. They tend to create abusive monopolies and oppress their workers badly.
 
weaker unions???

The Unions have done a LOT of good, but today they are being heavily used
to promote the radical feminist and gay agendas, too.
So, until they STOP that, I won’t join one.
That’s trading one serious sin for another.
 
Free enterprise based on the principles of cause and effect, where in the market wealth is produced and wealth is exchanged, has the undoubted affirmation of Bl John Paul II, and Benedict XVI where, in a democracy, it functions within a rule of law.

The fact is that Catholic philosophy and theology, based on reason and faith, enabled the birth of free enterprise. From the great monastic estates in the ninth century, immense increases in agricultural productivity grew from “such significant innovations as the switch to horses, the heavy moldboard plow, and the three-field system” away from subsistence agriculture to specialised crops and products, sold at a profit to initiate a cash economy. “As their incomes continued to mount, this led many monasteries to become banks, lending to the nobility.” The Victory of Reason, Rodney Stark, Random House, 2005, p 58].

While the Sacred Scriptures condemn greed and wrong use of wealth, commerce or merchants are not condemned. St Augustine stated that price was not only of the seller’s costs but of the buyer’s desire for the item sold. The first examples of free enterprise appeared in the great Catholic monasteries, about the ninth century. (John Gilchrist, The Church and Economic Activity in the Middle Ages, St Martin’s Press1969, I; cf. op. cit (Stark) p xii, 55-58).

Randall Collins has noted that innovation and specialization in the monastic estates was “a version of the developed characteristics of capitalism itself… the dynamism of the medieval economy was primarily that of the Church.” [Randall Collins, *The Sociology of Philosophies: A Global Theory of Intellectual Change, 1998, Cambridge: Harvard University Press, p 47].

Just as Christ’s parable of the Talents most strikingly acknowledges Christ’s respect for the work of business, so does the parable of the Dishonest Steward – the steward is dishonest, “but the nature of his work is not. In fact by praising his shrewdness, Christ admires his opportunism. While the steward abuses the trust his master extends to him, it must be recognised that the nature of the work that is entrusted to him is fundamentally good. The sin of the steward is his misuse of his master’s business, not the work of business itself.” Entrepreneurship in the Catholic Tradition, Fr Anthony G Percy, Lexington Books, 2010, p 47].
 
I absolutely agree with poster just above.

I am not condemning “FREE ENTERPRISE,” but the abuse of power and wealth
AND of gaining VAST WEALTH, VAST AMOUNTS, by paying people
NON-LIVING wages, which the popes EXPRESSLY condemn,
by accumulating enormous amounts of it for personal use and to use for sinful purposes,
the abuse and deliberate under-payment of workers (which Adam Smith, in the quotes above, with his firsthand knowledge, admitted that the corporate bosses conspire to to do the workers regularly (he used the word “combine” instead of “conspire”),
and who RAPE smaller nations of their resources to make vast vast vast profits at the
expense and further impoverishment of those nations.

In Latin America, many of the people, MISTAKENLY EQUATING “the United States” with our trillionaire bankers and corporate elites who have been robbing them blind,
turn against America and vote for America-hating Leftists. We Americans, per se, aren’t the cause of that. The “BIGWIGS” most certainly ARE. The popes have SAID SO,
and have repeatedly and publicly URGED our vastly profitable banks, etc, to at least partially forgive the “debts” of those nations, which they went into out of desperation, and the banks gave them NON-FIXED interest rates to get them into those now ENORMOUS debts with ENORMOUS interest.

People do not sin because they have a Free Enterprise System. NO.
They ABUSE the masses, USING the Free Enterprise system
BECAUSE THEY (and we too) are SINNERS. Thing is, most of the big guys
do not believe in God, do not fear God, and do not FEAR the Coming Judgement.
If they DID, things would be working out a lot differently.
Instead, they (and it is 100% documented) they finance BOTH SIDES in wars, making gobs of money off the bloodshed ((they Financed the Nazi war machine AND the war machines of the Western and Soviet Allies during world war two, they financed the North AND the South in the American Civil War, and even (the Rothschild-owned banks) continued to FLOAT THE NAZI GERMAN REICH-BONDS THROUGHOUT WORLD WAR TWO, knowing that the Nazis were slaughtering their own Jewish kin.
THIS behavior of theirs, too, is a matter of historical record.
How COULD they deliberately do that to their OWN suffering people, who right then
were being killed in Nazi gas chambers??? I truly cannot understand such mentalities.
These super wealthy folks worship the almighty dollar and have no loyalty to country, to race, to religion, or to anything but the Spreadsheet. That’s just how it IS.)).
God bless you,
Jaypeeto4
 
Jaypeeto4 said:
weaker unions???

The Unions have done a LOT of good, but today they are being heavily used
to promote the radical feminist and gay agendas, too.
So, until they STOP that, I won’t join one.
That’s trading one serious sin for another.
Click to expand...
What I meant is unions help protect workers from abusive practices in the market.

I’m not promoting some of the serious problems with unions today, but there are many people who are against unions in general. 🤷
 
Abu said:
Free enterprise based on the principles of cause and effect, where in the market wealth is produced and wealth is exchanged, has the undoubted affirmation of Bl John Paul II, and Benedict XVI where, in a democracy, it functions within a rule of law.

The fact is that Catholic philosophy and theology, based on reason and faith, enabled the birth of free enterprise. From the great monastic estates in the ninth century, immense increases in agricultural productivity grew from “such significant innovations as the switch to horses, the heavy moldboard plow, and the three-field system” away from subsistence agriculture to specialised crops and products, sold at a profit to initiate a cash economy. “As their incomes continued to mount, this led many monasteries to become banks, lending to the nobility.” The Victory of Reason, Rodney Stark, Random House, 2005, p 58].

While the Sacred Scriptures condemn greed and wrong use of wealth, commerce or merchants are not condemned. St Augustine stated that price was not only of the seller’s costs but of the buyer’s desire for the item sold. The first examples of free enterprise appeared in the great Catholic monasteries, about the ninth century. (John Gilchrist, The Church and Economic Activity in the Middle Ages, St Martin’s Press1969, I; cf. op. cit (Stark) p xii, 55-58).

Randall Collins has noted that innovation and specialization in the monastic estates was “a version of the developed characteristics of capitalism itself… the dynamism of the medieval economy was primarily that of the Church.” [Randall Collins, *The Sociology of Philosophies: A Global Theory of Intellectual Change
Click to expand...
, 1998, Cambridge: Harvard University Press, p 47].

Just as Christ’s parable of the Talents most strikingly acknowledges Christ’s respect for the work of business, so does the parable of the Dishonest Steward – the steward is dishonest, “but the nature of his work is not. In fact by praising his shrewdness, Christ admires his opportunism. While the steward abuses the trust his master extends to him, it must be recognised that the nature of the work that is entrusted to him is fundamentally good. The sin of the steward is his misuse of his master’s business, not the work of business itself.” Entrepreneurship in the Catholic Tradition, Fr Anthony G Percy, Lexington Books, 2010, p 47].

👍
 
**What I meant is unions help protect workers from abusive practices in the market.

I’m not promoting some of the serious problems with unions today, but there are many people who are against unions in general**

I agree with you.
In principle, I am not against Unions AT ALL.
Problem is, today, many of them use the Union Dues to promote EVIL,
and take the concept of a Just Wage to RIDICULOUS lengths, where in some businesses, unskilled workers, more than earning a Living, Good wage plus perks,
were earning HUGE salaries for really, not much more than screwing on a few bolts and attaching a few doors and stuff. Not saying that they should not be paid well and well enough to support a family and have a decent home, etc., but some of the wages
were really ridiculously high.
And in the Sports world? Lord, don’t get me started.
And as a trained Theatre arts major, acting,
I’ve learned what Equity and SAG actors, esp known ones, receive as wages,
and this is truly, absolutely OBSCENE. These people are paid so much that
the Royal family of Monaco would get jealous sometimes, and for what? For what?
Acting is a craft, a skill, and a talent, but an Actor should not be made so darned wealthy from acting that he thinks he’s king of the world (AND an expert on ALL world affairs, as Mr. Sean Penn seems to think he is, during his most recent pilgrimage to his hero, the thug Hugo Chavez in Venezuela).
Peace,
Jaypeeto4
 
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