sw85
The best evidence that philosophic capitalism is a thing of the world (and thus a thing of evil) is that it has its roots in the errors and absurdities of John Locke.
False.
Free enterprise economic development started in the great Catholic monastic estates of the ninth century, and a solid basis of economic Catholic thought developed from the fourteenth century. In the fifteenth century the Late Scholastics who were Thomists (followers of St Thomas) “writing and teaching at the University of Salamanca in Spain, sought to explain the full range of human action and social; organization.” They “observed the existence of economic law, inexorable forces of cause and effect that operate very much as other natural laws. 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 Catholic stress on individualism was foreign to many cultures, and Jeremy Waldron, in
God, Locke and Equality, 2002, affirms that Locke built his thesis on the doctrine concerning morality; “returning to the standpoint of St Thomas and the Scholastics.” (
The Catholic Church And the Counter-Faith, Philip Trower, Family Publications, 2006, p 74).
See
How John Locke Influenced Catholic Social Teaching, Joe Hargrave, Nov 5, 2010.
“In Locke’s and Leo’s treatment of charity, however, it is also made clear that the right to private property coexists with an obligation to give charitably, and even a right to theft in cases of extreme want. In the short term, this may justify some sort of safety net for the unemployed and those unable to care for themselves. But may we not ask whether or not a free economy would generate a level of wealth and prosperity that would almost entirely eliminate the sort of extreme poverty that would morally justify theft – and whether it has in fact done so in many nations already?
“There are fewer uncharitable assumptions made in politics as often as the accusation that the advocates of freer markets are acting out of selfishness. If market economies based upon the protection of private property and driven by competition and technological innovation tend to reduce the cost of goods and services over time, then surely none will benefit more than the poor.”
crisismagazine.com/2010/how-john-locke-influenced-catholic-social-teaching
For “Dirt”, who “prefers” the spiritual “take on Matthew” in the Parable of the Talents – a Parable is mean to convey a spiritual message from a secular scenario.
What “Dirt” fails to appreciate is Christ’s respect for commerce which Fr Percy elucidates. (See post #80).