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Abu
Guest
This is the bishop’s assertion:Swiss Guy #30
a good article about the welfare state imho.
ncronline.org/blogs/ncr-today/bishop-named-marx-takes-neo-cons-capitalism
A bishop named Marx takes on neo-cons, capitalism
by John L Allen Jr on Nov. 09, 2009
“…what he calls “turbo-capitalism,” meaning an essentially unregulated form of capitalism with limited social protections, has been a bad deal for a substantial majority of the world’s population. He cited the eclipse of trade unions, the erosion of the real value of wages, the disappearance of retail trade, and the yawning gap between a super-rich elite and the vast pools of “working poor.”
- “Limited social protections” in law tend to be the case in countries which do not have the laws which Western countries have, which tend to be based on Catholic Social Teaching.
- Not only has free enterprise raised the welfare of untold millions out of poverty, since its inception in the ninth century through Catholic Monasteries and the principles developed by the Catholic late Scholastics later, but it is emphatically affirmed by Bl John Paul II in Centesimus Annus, 42, 1991 and as part of strong democratic system of law and order.
- Whether **trade unions **flourish depends on the law and their service to their members and the industry in which they are required to cooperate.
- The real value of wages will continue to be a problem as long as governments continue to intervene to distort the money supply and exchange rates globally.
- The “gap” between rich and “working poor” is another area of economics which is a minefield – where? And where are the facts?
visionandvalues.org/2011/12/the-rich-are-getting-richer-so-are-the-poor/
**The Rich Are Getting Richer; So Are the Poor
December 12, 2011 | by Jarrett Skorup **
For the U.S.A., for instance, using the Congressional Budget Office analysis "While the ‘top 1 percent’ had the highest growth of income, if broadened to include the top 20 percent (the usual way of analyzing such figures), the growth rate was a far less stratospheric 65 percent. This contrasts with about 40-percent growth for the middle three-fifths of all wage earners, and 18 percent for the lowest one-fifth.
“Statistically, the lowest 20 percent of households are poor for one main reason: They don’t work as much. Among the causes are medical issues, disability, and bad incentives. Not surprisingly, households in the top 20 percent are far more likely to include people with jobs.”