For those of you used to doing things the right way instead of getting everything all turned around, the title of this blog is “How to Finance Capital Backwards,” which is what the world has been doing for the last two centuries or so . . . or thinks it has, which amounts to the same thing.
Wednesday, August 12, 2020
Tuesday, August 11, 2020
We’ve been looking into the roots of socialism, and how socialism and social justice became confused. One of the things that struck us that we had never noticed before was the insistence of the early socialists that, one, what became known as socialism was originally not intended as an alternative to capitalism, but to Christianity, especially the most organized and hierarchical form of Christianity, Catholicism.
Monday, August 10, 2020
This week we have another video from the “Sensus Fidelium” YouTube channel. Yes (as we’ve said before), it’s a “Catholic channel,” and if you search through the thousands of hours of programming on the channel, you will find a great deal of material oriented to Catholics. There’s a bit of that in these videos, too (of course), but the primary emphasis is on the “natural law” aspect of Catholic social teaching, so you can mentally filter out the explicitly Catholic material if you’ve a mind to, and you won’t miss anything.
Friday, August 7, 2020
Thursday, August 6, 2020
As we saw in the previous posting on this subject, one way to “lure” people back to work when they are (at least temporarily) better off not working, is to make them an offer they can’t refuse, or at least would be extremely foolish to turn down. The offer we suggested, of course, is that it would be beneficial to offer workers a piece of the action, that is, part ownership of the companies that employ them.
Wednesday, August 5, 2020
In the previous posting on this subject, we looked briefly at the problem of how things like the UBI, welfare, and unemployment compensation can act as a disincentive to work. The bottom line is, if you pay people not to work, they tend not to work. The only way a basic income of some kind is not a disincentive to take gainful employment is if you get it in addition to, not instead of, gainful employment, and that is something that it would be complete and total disaster for a government to do.
Tuesday, August 4, 2020
. . . but is that the question? Quite a few people have noted over the past several months that the enhanced unemployment benefits have persuaded a number of people not to return to work. It seems that some people are actually getting more income by not working than they did when they were employed. As noted in yesterday’s (August 3, 2020, p. A-16) Wall Street Journal,
Monday, August 3, 2020
Friday, July 31, 2020
Thursday, July 30, 2020
Frequently in our research we’ve come across claims such as Marxist communism and Fabian socialism are two different things, that Nazism isn’t/wasn’t real socialism, that fascism and Nazism were/are right wing, and so on, so forth, etc., etc. Of course, it might be helpful to define what we mean by “left,” “right,” and “center.”
Wednesday, July 29, 2020
No, this isn’t a “real” language lesson, a sort of “Latin pro populo” (“Latin for everybody”) that you can use as a handy phrase book when ordering dinner at the Vatican. It’s just that we got into a discussion about singing in Latin the other day, and one of the participants in the conversation happened to mention that singing “Church Latin” is much easier than singing “Germanic Latin.” That started us off on our “Latin Pronunciation Lecture,” which — bear with us — does have a bearing on the Just Third Way. Of course, everything does, but it might not be obvious at first glance.
Tuesday, July 28, 2020
A short time ago we got a request to comment on Karl Marx as “the second economic reductionist.” In the context of the discussion this referred to the socialist movement which, to make a very long story short and oversimplify greatly, began in the early nineteenth century with Henri de Saint-Simon’s declaration in his posthumous book, Le Nouveau Christianisme (1825) that what would in a few years be known as “socialism” was “the New Christianity.”
Monday, July 27, 2020
Friday, July 24, 2020
Yes, most of the news is related one way or another to the pandemic, but it also relates to the Just Third Way. The one news item we don’t see that we’d like to is an announcement that the powers-that-be have finally figured out that a strong economy depends on making ordinary people productive, which in a modern advanced economy (or any other, for that matter) means ownership of whatever is producing marketable goods and services, be it technology or human labor:
Thursday, July 23, 2020
Somewhat to our surprise, we seem to have become something of a “distributist guru.” Of course, that could just be an impression, but if it’s true, it might be because we seem to be able to give consistent specifics instead of vague and contradictory generalities. Not that G.K. Chesterton or Hilaire Belloc gave out anything contradictory, or at least, not that they intended to be contradictory, but that’s not our point. Our point is where Chesterton and Belloc wanted to go, not necessarily how they thought it expedient to get there.
Wednesday, July 22, 2020
In a recent article, His Auxiliary Excellency Bishop Robert Barron opined (how do you like that word?) that if the laity want something done — such as protecting religious statues — they should stop asking the bishops to do something, and start thinking about doing it themselves. That’s something of an oversimplification of a rather more involved argument, but that’s the message most people took from it . . . and they were not pleased.
Tuesday, July 21, 2020
We’re having trouble keeping up with what various commentators are proposing as their respective solutions to the pandemic, racism, the economy, the politicians, the academics, the guy next door, and can you believe the price of [fill in the blank] these days? Case in point: a few weeks ago (or was it months? it’s getting hard to tell . . .), an article appeared in Catholic World Report, a webzine, “America’s Utopian City Wreckers.”
Monday, July 20, 2020
Friday, July 17, 2020
If you’re worried about the way things are going in the world, you might want to skip the first half of this edition of News from the Network and go down to the good news (qualified good news, anyway) near the bottom. Yes, there actually are a few rays of hope, notably the success of the “Sensus Fidelium” videos about the origins and effects of the “new things” of socialism, modernism (probably not what you think it is), and esotericism, so tolle lege (Latin for “take and read):
Thursday, July 16, 2020
In the previous posting on this subject, we looked at how a social encyclical should be read. That, however, was not the point we set out to make, but an introduction to the main point. We just wanted to be sure that our faithful readers understood that when we talk about a “social encyclical,” they know what we are talking about: a document on a natural law teaching that, while it may be expressed in religious terms, applies to the whole of society, not just Catholics.
Wednesday, July 15, 2020
Tuesday, July 14, 2020
Monday, July 13, 2020
Friday, July 10, 2020
We admit that much of what is happening these days does not lend itself to brief news items. Making matters worse, those events that are genuinely brief are not infrequently completely unrelated to the Just Third Way. We did, however, manage to find a few things: