Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The Pitfalls of Modern Capitalism
Catholic Analysis ^ | 24 July 2014 | James Kohn

Posted on 07/24/2014 3:25:34 AM PDT by matthewrobertolson

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-28 next last

1 posted on 07/24/2014 3:25:34 AM PDT by matthewrobertolson
[ Post Reply | Private Reply | View Replies]

To: matthewrobertolson
"He’s right. It’s been impure. It's been bad since at least 1929, when Wall Street made clear that it would rather have us suffer the Great Depression than have itself suffer easily-regained stock losses. That's a problem."

Nonsense like this puts in question everything else he has to say. Hoover and FDR act gave us the Great Depression; not Wall Street. Most Wall Street analysts knew the market would recover. Washington had a regulatory solution in search of a problem and found it in the crash.

2 posted on 07/24/2014 3:34:52 AM PDT by muir_redwoods (When I first read it, " Atlas Shrugged" was fiction)
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson

A bit hard to follow due to its poor construct and contradictions.

Moral vice is not a capitalist trait, it is a human trait.


3 posted on 07/24/2014 3:35:34 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson

What a major piece of Catholic propagandist jit


4 posted on 07/24/2014 3:46:24 AM PDT by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson

If you don’t believe in capitalism, you don’t believe in freedom.

If you don’t believe in freedom, you believe in slavery.

If you believe in slavery, you lose all moral claim to being one of the good guys.

End of story.


5 posted on 07/24/2014 4:03:07 AM PDT by Maceman
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson
Widespread property ownership is good ...

I'd be curious to know the moral or philosophical basis for this statement. I'm wondering if this attitude is part of the problem we're dealing with.

6 posted on 07/24/2014 4:04:25 AM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson
What people denounce as Capitalism is merely the ability of people to make their own economic decisions and profit from their own intelligence, skill and willingness to work.

Free markets have produced wealth beyond the wildest dreams of people like Marx and Engels.

The only societies in which individual freedom is protected are societies with free markets.

As many people have observed, the only way you can have a socialist economy is with a police state enforcement to prevent people from making their own decisions. Farmers had to be literally forced at gun point into the collective farms of the Soviet Union. Armed guards would always be seen standing in front of stores in socialist countries where people waited in line for food and basic necessities.

In every socialist country human suffering and human misery is the result.

I find it disgusting that people who benefit from the wealth, ease and personal freedom of America criticize those who make this country work and praise corrupt politicians and brutal totalitarians.

7 posted on 07/24/2014 4:08:37 AM PDT by detective
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alberta's Child
See Distributism.
8 posted on 07/24/2014 4:13:33 AM PDT by matthewrobertolson
[ Post Reply | Private Reply | To 6 | View Replies]

To: Maceman
If you don’t believe in capitalism, you don’t believe in freedom.

If you don’t believe in freedom, you believe in slavery.

If you believe in slavery, you lose all moral claim to being one of the good guys.

End of story.

I was trying to think of an appropriate response to this piece and then I read your comment and the only thing I could think is: that's absolutely correct.

You are absolutely correct. You said it all in a few short words.

I don't care if someone is a Communist, a Catholic, a Muslim, a professional global warming hoax artist, an overpaid government bureaucrat or an inmate of an insane asylum, if they preach anti-capitalism, they preach slavery.

End of story.

9 posted on 07/24/2014 4:15:43 AM PDT by samtheman
[ Post Reply | Private Reply | To 5 | View Replies]

To: matthewrobertolson
Actually, that makes sense. That principle is much more narrowly focused than a general statement about "property ownership." That Catholic principle is exactly what I had in mind, since it is based on "property" as defined as a means of production. There's a huge difference between "property" as a suburban home with a large mortgage and "property" as an ownership stake in a business, farm, etc.
10 posted on 07/24/2014 4:17:50 AM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
[ Post Reply | Private Reply | To 8 | View Replies]

To: knarf

Indeed. From the folks who conflated capitalism with the sale of salvation.


11 posted on 07/24/2014 4:18:06 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
[ Post Reply | Private Reply | To 4 | View Replies]

To: matthewrobertolson

He seems to be a meddlesome sort of fellow


12 posted on 07/24/2014 4:22:51 AM PDT by bert ((K.E.; N.P.; GOPc.;+12 ..... Obama is public enemy #1)
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson

I am dumber for having attempted to read this article…..


13 posted on 07/24/2014 4:30:58 AM PDT by C. Edmund Wright (www.FireKarlRove.com NOW)
[ Post Reply | Private Reply | To 1 | View Replies]

It does seem that most worship the almighty dollar. With enough dollars, you can achieve heaven on earth.


14 posted on 07/24/2014 4:41:02 AM PDT by Ben Ficklin
[ Post Reply | Private Reply | To 13 | View Replies]

To: Alberta's Child; matthewrobertolson
Alberta's Child: "There's a huge difference between "property" as a suburban home with a large mortgage and "property" as an ownership stake in a business, farm, etc."

Pure rubbish.
FRiend, your mind is corrupted by something, and I'd be curious to learn just what that is?

15 posted on 07/24/2014 4:53:49 AM PDT by BroJoeK (a little historical perspective...)
[ Post Reply | Private Reply | To 10 | View Replies]

To: BroJoeK

The thing about the Huge Difference between different types of property is that it is a sliding scale that can be adjusted downward by the government agents who apply it so that eventually, as in Communism, your own life isn’t even on the right side of the Huge Difference between property dividing like.

Bottom line: when someone talks about a Huge Difference between good and bad property, they are supporting the government’s unfettered claims on all property.


16 posted on 07/24/2014 5:03:54 AM PDT by samtheman
[ Post Reply | Private Reply | To 15 | View Replies]

To: matthewrobertolson

Good Grief!

This is all communist prattle.


17 posted on 07/24/2014 5:06:42 AM PDT by Cold Heat (Have you reached your breaking point yet? If not now....then when?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BroJoeK
A home is not a "means of production," is it?

I've said for a long time that an economic system built around people living in their "own" homes -- usually with large mortgages -- and then traveling somewhere else miles away to work for someone else is an economic system built on sand. So many principles of sound economics are put at risk in this type of scenario.

In a system built on sound economic principles, the only real property ownership involves property that is used as a means of production. The modern idea of "property ownership" that we've come to accept as normal is really a construct of the post-WW2 era.

18 posted on 07/24/2014 5:08:08 AM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
[ Post Reply | Private Reply | To 15 | View Replies]


Click The Pic To Donate

Support FR, Donate Monthly If You Can

19 posted on 07/24/2014 5:32:21 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
[ Post Reply | Private Reply | To 1 | View Replies]

To: matthewrobertolson

Distributism seems to be a wildly optimistic assumption that everybody will be equally competent at managing their share of “the means of production.”
Somehow I doubt it. As my dad used to put it, if everybody started with the same amount of wealth today, in a few years it would be concentrated again in about the same fashion it is now.


20 posted on 07/24/2014 5:46:26 AM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
[ Post Reply | Private Reply | To 8 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-28 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson