Nor is this an exercise in futility. The reports coming out of Ireland and the European Union "suggest" that, while the Irish banks are certainly relieved of their immediate worries . . . sort of . . . the taxpayers are up in arms. ("Irish Bailout Boosts Banks, Inflames Taxpayers," Associated Press, 11/29/10). Mr. Cowen may have been making one or two noises about the worst being over — but, as the narrator put it in the immortal 1960s Batman, "The worst is yet to come!"
Mr. Pollant Mpofu, a local official with the Labour Party in London, recently sent a letter to Mr. Brian Cowen suggesting that Mr. Cowen give serious consideration to "Capital Homesteading," a proposal developed by the Center for Economic and Social Justice ("CESJ"), as a possible solution to the economic crisis facing Ireland.
Capital Homesteading is a free market, private property-based approach to economic and social development that respects the dignity of each human person. Embodying the precepts of the natural moral law that underpin the social teachings of the world's great religions, and integrating sound economic, financial, and political principles, Capital Homesteading has the potential not only to reestablish the Irish economy, but that of the European Union and the world on a firm and sustainable foundation.
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While he and other world leaders are at their wits' end about a solution to the economic crisis, Mr. Brian Cowen has been presented with a possible remedy, "Capital Homesteading," that, in my opinion, should be given serious consideration. I believe that Capital Homesteading has the potential to restore the Irish economy in a manner that not only allows full participation in benefits of growth by every man, woman, and child in Ireland, but shows the way for the rest of the world.
Mr. Pollant Mpofu of London recently sent Mr. Cowen a letter outlining the potential of Capital Homesteading for Ireland. Mr. Cowen may want to study the concept for application in Ireland.
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