Friday, May 18, 2018

Vatican document on economics is a serious, intellectually hefty indictment

https://www.ncronline.org/news/opinion/distinctly-catholic/vatican-document-economics-serious-intellectually-hefty-indictment
MGB: The document is correct that economic activity is within the moral realm, but so is all human action, including medicine, warfare and nuclear physics.

Consumerism is Capitalism getting undeserved luck.  It provides at least first world workers, and eventually workers in emerging markets, enough material comfort to avoid revolution, much to the disappointment of revolutionaries everywhere. Capitalists have built an adequate cage, although it is getting rusty, leading to a resurgence of demands for social democracy, which fuels the reactionary resistance of Trump and Le Pen.

All moral sciences, of course, have to abandon the realm of study and lead to the world of invention.  At the end of his writing, Marx wrote about the workers controlling the means of consumption, but he did not elaborate.  The current economics on the left is heading down that road and, while it will include more liberty, it will likely also include the Church as a provider of social services because workers will chose that.

When this message makes it into the mainstream, we will Occupy Capitalism rather than trying to outvote it.  Once it is beaten from the inside, it will not stand.

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