GEddie, #52
Capitalism simply has too much greed attached to it to make it a viable system of government in a morally advanced society.
#56: And while CCCP communism is wrong, the “stand or die on your own two feet” mentality of Americanism is hardly the Christian ideal, either. The truth must lie somewhere between them.
#61: My prediction is that communism will work great once the religious values of society are in place.
Cirdan XII, #57
Capitalism is also wrong BTW because it teaches greed and materialism. It teaches that the more toys a man accumulates during his life, the more succesful he is and fails to address what will happen to him the life hereafter.
You will continue to be mired in confusion and error until you learn and understand that free enterprise:
- Is NOT a system of government; democracy is; Communism and Socialism are. “Americanism” can mean whatever you choose and so is useless.
- Free enterprise is an economic system developed by Catholics
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].
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].
- Is based on the laws of cause and effect discovered by the great Late Scholastics of the Catholic Church
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).
- Economics “is the study of the formal applications that can be deduced from the fact that human beings act purposefully. It does not consider whether these actions are good or bad (an ethical question. Economic science is value free. It analyses cause and effect relationships that, if true, are scientific….only human acts can be judged morally.” (Dr Alejandro Chafuen, Christians For Freedom, Ignatius, 1986, p 33).
It is NOT free enterprise which is in error, it is PEOPLE who can be greedy. That’s why we have laws to seek and punish those who steal, cheat, swindle, institute monopolies, and worse crimes. That’s why we have the Catholic Church to guide us – She who invented charity in the West. It’s time to face reality.
So free enterprise does NOT “teach” anyone to be “greedy”. That is precisely why Pope Benedict XVI teaches clearly that “Society does not have to protect itself from the market, as if the development of the latter were ipso facto to entail the death of authentically human relations…Therefore it is not the instrument that must be called to account, but individuals, their moral conscience and their personal and social responsibility.” (
Caritas et Veritate, Benedict XVI, 2009, #36). [My emphasis].
The collapse of morals in society affects everyone who succumbs – abortion, contraception, euthanasia, same-sex “marriage”, fornication, adultery, divorce, mutilation of conscience and, as anything goes – greed, envy, class warfare.