Immediately after news reports that
the stock market was going to end the month of August by rising and recouping
losses, it plunged. As this is being
written, however, it may turn around again.
In real news affecting real life:
Friday, August 30, 2019
Thursday, August 29, 2019
The Circle of Ownership
As we saw in theprevious posting on this subject, the idea that labor, whether by itself or “enhanced”
by capital, is responsible for all production cause a few problems with
consistency or even common sense. A
large measure of this is due to the fact that common sense and natural law both
support the right of an owner to the fruits of ownership: income and
control. Capitalists and socialists both
agree on that. The only argument relates
to what can legitimately be owned and what is productive — and that is a
problem.
Wednesday, August 28, 2019
The Theory and Practice of Ownership
In 1931, the
second year of the Great Depression and which saw the issuance of Quadragesimo Anno, a teenager by the
name of Louis Orth Kelso (1913-1991) noticed something that belied the
characterization of the United States as the Land of Opportunity. Able-bodied men were hopping freight trains
to somewhere, anywhere, they thought they might find work and not finding
it. By 1933, the official unemployment
rate was 24.75%.
Tuesday, August 27, 2019
Redefining Natural Law
As we saw in the
previous posting on this subject, we saw how socialists and modernists got
right to work shifting the interpretation of social charity and social justice
away from a natural law understanding, and to a less person-centered
focus. Among the foremost leaders of the
reinterpretation movement, none was more effective than Monsignor John A. Ryan
(1869-1945) of the Catholic University of America.
Monday, August 26, 2019
Another Louis Kelso Video
From the treasury of videos of the Harold Channer Show, we bring you another video of ESOP-inventor Louis O. Kelso. Don't be turned off by the 45 seconds or so that it takes to get into the show.
Friday, August 23, 2019
News from the Network, Vol. 12, No. 34
We probably should report that the
stock market is extremely volatile, going up and down apparently at random, but
this is supposed to be a weekly news roundup, and stock market volatility
hardly qualifies as news these days.
There are, however, actual important things going on:
Thursday, August 22, 2019
Death and Distribution, Part II
As we saw in the previous posting on this subject, there are some things, such as
redistribution, that are permitted in an emergency, but not as a usual
thing. Unfortunately, many people like
to take the exception, and turn it into the rule.
Wednesday, August 21, 2019
The Weird World of Ignatius Loyola Donnelly
He is almost
unknown today except among a small group of in-the-know devotees, but at one
time the populist politician, spiritualist, novelist, and amateur scientist Ignatius
Loyola Donnelly (1831-1901), “the Sage of Nininger,” was someone to be reckoned
with. Among other things, he has been
described as “America’s Prince of Cranks” and “the Apostle of Discontent.” (Walter Monfried, “America’s ‘Prince of
Cranks’,” The Milwaukee Journal, May
15, 1953, 8.)
Tuesday, August 20, 2019
Death and Distribution, Part I
Many people
today, regardless of their religious or philosophical persuasion, cannot tell
the difference between a principle, especially an absolute principle, and the
application of the principle. For
example, in the Catholic Church the former is doctrine and cannot be changed
even to meet greatly changed conditions, while the latter is discipline and
must be changed to meet changing conditions.
Monday, August 19, 2019
Louis Kelso on the Harold Channer Show
Starting in the early 19802, Harold Channer did a series of
television shows with Louis O. Kelso. Channer, who has one of the
longest running public access television shows in the United States, has
featured a number of innovative and pivotal figures whose significance
the usual media outlets tend to ignore:
Friday, August 16, 2019
News from the Network, Vol. 12, No. 33
Things are starting to heat up . .
. if by that you mean the thermometers.
Other than that, things are all over the map, as people try to maintain
their discredited paradigms in the face of reality:
Thursday, August 15, 2019
Dorothy Day, Catholicism, and Communism, Part II
On Tuesday, in
the previous posting on this subject, we noted that the Jesuit publication America
had run “The
Catholic Case for Communism,” an article by Dean Dettloff, their
correspondent in Toronto, Ontario, which not very subtly turned Dorothy Day,
the founder of the Catholic Worker Movement, into a shill for communism.
Wednesday, August 14, 2019
Forty Years After
As we noted in
the previous posting on this subject, both capitalists and socialists managed
to reinterpret Pope Leo XIII’s encyclical Rerum Novarum to fit their
particular paradigms. The possibility
that what Leo XIII was talking about was something entirely different does not
appear to have occurred to many people.
Tuesday, August 13, 2019
Dorothy Day, Catholicism, and Communism, Part I
America
magazine, a publication of the Jesuits, a Catholic religious Order, recently — July
23, 2019 — published an article by Dean Dettloff, America’s Toronto,
Ontario, correspondent and a junior member of the Institute for Christian
Studies. The article, “The
Catholic Case for Communism,” is a graphic illustration of the problems
associated with people projecting their own opinions on to individuals or
groups they admire, whether the admired individuals or groups ever expressed
sympathy with them, or even if they were opposed to them.
Monday, August 12, 2019
Louis Kelso, ESOP Association Address, 05/10/1984
Maybe the quality of the recording isn't all it should be, but here is an interesting recording may on May 10, 1984, a month after the founding of CESJ, at the annual ESOP Association Conference. Kelso gave the keynote address:
Friday, August 9, 2019
News from the Network, Vol. 12, No. 32
We
do not have as many news items as we had last week, but they are at
least as significant. Rather than
telling you about what we’re going to tell you about, we’ll just go straight to
the news:
Thursday, August 8, 2019
Of Dissent and Distributism
In yesterday’s posting we saw that the “cause” for the canonization of G.K. Chesterton was
given the thumbs down by Peter Doyle, Bishop of Northampton, and that this
excited a somewhat negative reaction on the part of some Chestertonians, as
followers of Chesterton are called.
Wednesday, August 7, 2019
Of Distributism and Dissent
For those of you
who care (and we would be surprised if there were very many), the Chestertonian
Community (i.e., fans of the English writer Gilbert Keith Chesterton,
1874-1936) sustained a shock on the order of 7.3 on the Richter Scale this past
Friday. It seems that His Excellency (or
His Lordship; we aren’t up on the latest ecclesiastical lingo in the U.K.)
Bishop Peter Doyle of Northampton in England, which was Chesterton’s home
diocese, put the kibosh on Chesterton’s “cause” for canonization.
Tuesday, August 6, 2019
Subsidiarity and Democracy in America
One of the more interesting
things we discover about Alexis-Charles-Henri
Clérel de Tocqueville (1805-1859) and his greatest work, Democracy in
America (1835, 1840), is that the author — like Orestes Augustus Brownson (1803-1876) a
generation latter in The American Republic (1866) — considered himself a
Catholic writing as a Catholic. What
surprises many people is to find out that both de Tocqueville and Brownson
considered the American system (slavery excepted) to be the closest to “Catholic”
political theory.
Monday, August 5, 2019
"A Piece of the Action"
For a while we've been featuring short videos of Mortimer Adler talking about philosophical topics that have a bearing on the Just Third Way. Today for a change of pace we thought we'd present a short video about someone else who has made a significant contribution to the Just Third Way, in fact, can be considered one of the founders of it: Louis O. Kelso!
Friday, August 2, 2019
News from the Network, Vol. 12, No. 31
An interesting batch of news items
this week, most of them coming out in this morning’s Wall Street Journal — and
most of them having to do with efforts to solve problems using the same
paradigm that caused the problems in the first place! Why not just take the easy way out and go
with the Just Third Way? After all, it
might actually solve a few problems instead of creating more:
Thursday, August 1, 2019
The Ultimate Social Power
In the
previous posting on this subject, we looked at the essence of subsidiarity,
that is, where power in society subsists in a properly structured social order. Within the context of “Thomist personalism” and
the Aristotelian-Thomist concept of natural law we found that all power
properly resides in the human person, not in any form of society. As Pope Pius XI noted in his social analysis,
“Only man, the human person, and not society in any
form is endowed with reason and a morally free will” (Divini
Redemptoris, § 29), and thus even a human person in an official capacity
has only such rights as are delegated from people.
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