Yesterday was Thanksgiving Day in the United States, and — believe it or not — there is a great deal to be thankful for. For one thing, you’re reading this, which proves that you can read this. Another is the publication of Economic Personalism. Still another is that with a new administration coming in, there just might be a wiser head or two realizing politicians and academics have to start thinking outside the box instead of trying to find a different or bigger box to hide in:
Friday, November 27, 2020
Thursday, November 26, 2020
Wednesday, November 25, 2020
In the previous posting on this subject, we noted that Puerto Rico hasn’t always been an economic “basket case” by any stretch of the imagination. A series of natural and manmade events, however, combined to put the Commonwealth in a very bad position.
Tuesday, November 24, 2020
In the previous posting on this subject, we took a brief look at the current situation of the Commonwealth of Puerto Rico — and it is not good. In social justice, however, we learn that (at least in social justice terms) “nothing is impossible.” That doesn’t mean that something that is genuinely impossible can be done, e.g., flap your arms and fly to the Moon. Rather, it means that by organizing using the techniques of social justice, what is impossible for one lone individual to accomplish becomes very easy (relatively speaking, anyway).
Monday, November 23, 2020
Yes, we realize that it’s so much easier to tell others what they’re doing wrong and demand that they do it right, but face it. Do you think people really want to do things wrong? Maybe it’s just that nobody bothered to tell them there’s a right way . . . our Just Third Way. . . .
Friday, November 20, 2020
As the political sideshow continues to consume the communications media — shades of the U.S. presidential campaign of 1876, which wasn’t decided until early March of 1877! — matters important to real people are put on a back burner or ignored entirely . . . except by us:
Thursday, November 19, 2020
As we saw in the previous posting on this subject, an idea to develop Puerto Rico in the 1970s using the Proprietary Fund for Puerto Rico went nowhere, possibly due to the influence of the eminent economist Dr. Paul Samuelson. That does not mean, however, that something still can’t be done — despite the fact that the Commonwealth is in much worse shape today than in the 1970s.
Wednesday, November 18, 2020
Okay, maybe it wasn’t the deepest or most meaningful song, but then it wasn’t meant to be. The Chordettes’ version of Lollipop from 1958 (they did the second recording) hit Number 2 on Billboard. It was pretty much the only thing they did that anyone remembers . . . well, Mister Sandman was pretty popular, too. And a decade or so later, “the Archies” with Sugar, Sugar had another one-hit wonder. There must be something about candy that diminishes the seriousness of the message (if any) conveyed.
Tuesday, November 17, 2020
As we hinted in the previous posting on this subject, the ideas of money, credit, banking, and finance are mere theories, but have practical applications in what we loosely term “the real world.” One of the more interesting of these is the might-have-been of “the Proprietary Fund for Puerto Rico.”
Monday, November 16, 2020
Back in 1984, two representatives of the Center for Economic and Social Justice (CESJ) testified before the Lay Commission on the Economy that attempted to advise the United States Conference of Catholic Bishops on the draft of their pastoral on the economy. Remarkably, not one word of what was said made its way into the final document. . . .
Friday, November 13, 2020
Although the delay in announcing the official winner of the U.S. presidential race is annoying (to say the least), what is truly baffling is the behavior of the stock market, which has been soaring to new heights despite the bizarre economic and political situation. In any event, most things seem on hold until the winner is settled and a vaccine released, but here goes:
Thursday, November 12, 2020
In the previous posting on this subject, we looked at some fundamentals of money, credit, banking, and finance. And we do mean “some.” We covered key concepts, but not in any depth, primarily for informational purposes, not anything approaching a full explanation. It was, frankly, simply a way to get into the story of how politicians and economists shackled to conventional (and wrong) notions of money and credit have managed to derail reform programs to everyone’s detriment, probably because they were afraid to look stupid or endanger their status or income . . . with the latter probably taking precedence.
Wednesday, November 11, 2020
In the previous posting on this subject, we noted that a lot of the problems involving money and credit could be solved fairly simply (though not necessarily easily) by talking things out and persuading economists and policymakers to shift their thinking about such things (and, of course, do it our way. . . .).
Tuesday, November 10, 2020
Now that the dust (or whatever it is) has (sort of) settled from the election (more or less), America and the rest of the world can get back to a more immediate problem: How to make people productive so that they can take care of themselves instead of going hat-in-hand to the rich or to the State. Nor is this an academic exercise, given that government has shown itself all-too-willing to create money backed by its own debt and throw it at the problem, thinking something has been done.
Monday, November 9, 2020
From the Just Third Way perspective (i.e., natural law in the Aristotelian-Thomist tradition), as a religious event, the Second Vatican Council is of no relevance. As an application of natural law principles to counter the “new things” of socialism, modernism, and esotericism, however, it is of great importance . . . especially given the way (in our opinion) it was diverted and used to advance the very things it was intended to counter.
Friday, November 6, 2020
With everyone’s attention focused on the U.S. presidential election, we thought we’d provide you with a little non-election news. We can’t say “non-political,” for in the Aristotelian-Thomist sense, economic and social justice are quintessentially political:
Thursday, November 5, 2020
Given that virtually the whole of the global media are focused today on the outcome of the as-of-this-writing undecided U.S. presidential election, we thought we’d do something so wild and crazy that everybody will want to read it. And contribute their lives, fortunes, and their sacred honor to promoting the Just Third Way of Economic Personalism.
Wednesday, November 4, 2020
“Power,” as American statesman Daniel Webster said two-hundred years ago during the Massachusetts Constitutional Convention, “naturally and necessarily property.” Yes, the political ballot is important, but if people do not have the economic power to back up political power, what inevitably happens is that those with property seize power, or those with power, seize property.
Tuesday, November 3, 2020
We’ve been talking a lot about human dignity on this blog and elsewhere, so it seems like an opportune time to make a few comments . . . particularly today, when people are focused on the current election for U.S. president.
Monday, November 2, 2020
As a follow-up to the previous video podcast on “the Act of Social Justice,” this week we bring you “Economic Justice for All.” Note that although this podcast has the same title as the U.S. Bishops’ pastoral on the economy, it takes a slightly different — as well as more effective and respectful of human dignity — direction.