Skip to comments.Just Capitalism. Compassionate economic system. Another way to economy back on track
Posted on 06/05/2012 2:00:32 AM PDT by se99tp
There is an economic fault line running throughout America and the world which todays economic gurus seem unable to explain or remedy: the widening wealth and income gap between a tiny rich elite and multitudes of poor in every country (including the United States), and between developed and developing nations. ... Access to capital ownership, asserted economist Kelso, Reagan's friend, is as fundamental a human right as the right to the fruits of ones labor. Furthermore, Kelso argued, the democratization of capital credit is the "social key" to universalizing access to future ownership of productive wealth, so that every person, as an owner, could eventually gain income independence through the profits from ones capital...
(Excerpt) Read more at wp.me ...
“There is an economic fault line running throughout America and the world which todays economic gurus seem unable to explain or remedy: the widening wealth and income gap between a tiny rich elite and multitudes of poor in every country (including the United States), and between developed and developing nations.”
You mean there was a time in history when this wasn’t so??
This is obvious class warfare Marxist rhetoric. The Christian is dedicated to spiritual riches, not to schemes that never work.
It is something of a political cliche is support "capitalism". It's a knee-jerk response. I'm a Conservative, therefore I support "capitalism". Well I look around and I have to admit that capitalism has some flaws. It does tend to get intertwined with Big Government and it does seem to trend toward Fascism.
I'd like a political system where the government could not corrupt the free market. Distributism was designed to be that political system.
There are a number of imbedded issues that caught my eye.
Number one was the amount of land available for homesteading.
It certainly wasn’t shrinking, unless one considered that government was taking much of it as western territories applied for statehood. Land was plentiful but land for the public was shrinking.
The ownership system they propose, is available even now. Not everyone desires ownership as there are competing choices for the fruits of ones labor.
If one desires cars, boats, planes, houses, pets, beer, fun and games, numberless children, Obamacations, pursuit of welfare payments versus work for a living, etc, etc, one can see that ownership could be way down on the priority list of what to purchase.
Seeking welfare as the means of support would limit ones income stream to begin with. Not to mention that the principles being discussed in the article become moot when one is not engaged in production.
There’s a lot of blind worship of “capitalism” and not enough of true freedom. Socialism and Big Money fighting over the reins of Big Government and control of a global empire and “world leadership” is far from the America envisioned by the founders of our nation.