S
St_Francis
Guest
I understood that. But the is minimal control if you have a venture where one party owns 51% and the other 49% are split between 2 or 3 others.
Then you have the economies of scale. You are not going to have Telecom running exclusively as small business. Nor will you have IT. (If each circuit board was manufactured by a small business concern, they’d not be affordable…and that’s not even looking at the components used in each board ).
Can you picture a wildcat petroleum refinery? (Sure, a well…but a refinery? )
The point is, dealing with each other using Christian ethics.
Well, I guess I look at this from a different angle. I see that rampant corporatism causes problems which do not seem to be soluble in a corporate system. Yes, it’s nice that we have modern stuff, but the bargain we made for it all seems like a bad one to me, and not very Catholic.As I have said before, there are lots of versions of what Distributism is. The Church does not necessarily endorse any particular version of it. The Popes have spoken in favor of particular attributes of a just economic system; some of which has a classic “Distributist” flavor to it.
Pope JPII, for example, affirmed the prior teachings of the Popes regarding the widespread distribution of individual and family productive assets. however, he noted that it would have to take forms different from those of Pope Leo XIII’s day, when the major form of wealth for ordinary people was land ownership.
It does not seem to me that ownership of stocks in, say, 401Ks does not qualify. That would be particularly true of ESOPs in small to medium sized companies. But I have not seen a persuasive argument that a family’s wealth could not consist, in whole or in part, in the stock of transnational corporations or any others. Wealth is wealth, whether you control the corporation or not. People are able to go to shareholders’ meetings of even the largest corporations. They just don’t go because their share of the whole is such a small part of the overall voting rights.
But it’s interesting to go. I have done it, and even spoken, even though I didn’t have enough shares to affect the outcome of anything. I am also a minority owner in a smallish LLC and I go to those meetings and speak my mind even though I can’t outvote the majority.
But then, my vote didn’t carry the day in the 2012 presidential election either.
There’s more to life than iPods and economies of scale…
(Yes, I would give up all the stuff: computers, DVDs, even cars