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To: Oliviaforever
“...some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”

I'd also question the accuracy of the translation and need to consider the context within his larger point of course, but this quote bothered me ... particularly the use of preferred Media catch-phrasing ("trickle-down"); statement of an "absolute" that is patently false (the freer the marketplace --not crony corporatism-- the greater the level of economic justice & opportunity); and, it seems to posit a cynical & frankly un-Christian attitude toward wealthier individuals and business owners that their motives and "goodness" should be suspect. A "crude and naïve trust" in the goodness of those wielding Government power can be even worse.

The simple matter of faith to the Gospel and evangelism of the Church shouldn't be conflated with adherence to economic systems.

100 posted on 11/27/2013 8:04:10 PM PST by mikrofon (Happy Thanksgiving!)
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To: mikrofon
the freer the marketplace --not crony corporatism

And not just crony capitalists but also corporatocracies in which businesses too big to fail and monopolies drive small players out of the market.

Free markets thrive best when there is generous ease of access to the development of new enterprises, industries, and ideas.

175 posted on 11/28/2013 5:36:39 AM PST by RoosterRedux (The only true wisdom is in knowing you know nothing -- Socrates)
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