THE Global Justice Movement Website

THE Global Justice Movement Website
This is the "Global Justice Movement" (dot org) we refer to in the title of this blog.

Thursday, September 23, 2021

Future Savings Money

      As we saw in the previous posting on this subject, “usury” is not all profit or interest, but profit (or interest) taken when no profit (or interest) is due).  It is justified by the presumed need to accumulate savings before financing new capital formation.

Wednesday, September 22, 2021

A Certain Personality

      Last week — or maybe it was really early this week (when something comes in on the weekend it’s sometimes hard to tell whether it’s late Saturday or early Sunday, especially when you don’t bother to look) — we got a question from a faithful reader of this blog regarding our position on persons, particularly that part of it that defines “person” as “that which has rights.”  As Faithful Reader said,

Tuesday, September 21, 2021

Investment v. Speculation

In the previous posting on this subject, we pointed out a few foibles of socialism, noting especially the idea that the only legitimate way to have an income is a wage system job, which over the past century or so has been gradually displaced by the idea that people should just get an income whether or not they have jobs.

Monday, September 20, 2021

JTW Podcast: Importance of Power

      We don’t necessarily agree with everything (or at all on some points) that the speaker and his guest say, but he raises some interesting points that you might want to be thinking about.  And if you don't like this one (who does not necessarily reflect the views of this station), suggest one and send us a link; contact info on the CESJ website, http:www.cesj.org:

Friday, September 17, 2021

News from the Network, Vol. 14, No. 37

Some interesting situations this week (and every week) that could easily be resolved by enacting the Economic Democracy Act.  This should be increasingly obvious to everyone as the situations develop:

Thursday, September 16, 2021

Those Whacky Socialists

      In the previous posting on this subject, we looked at the subject of usury, or (in Aristotelian philosophy) taking a profit where no profit is due.  Considering all profit or interest as “usury” is called “a hasty generalization” in logic, as doing so would violate private property.

Wednesday, September 15, 2021

Reply to a Relativist, Part II

      As we saw in yesterday’s posting, some people think that taxing an estate or gift is unjust by its very nature.  Others — as we found out from some vocal readers of this blog — insist that an income tax is inherently unjust, and yet others declare that all taxation is unjust.  Of course, it’s not exactly clear from the, er, thoughtful remarks we received where government is supposed to get its funding or whether we’re supposed to have government at all.  After all, if government funds itself we get a tyranny, if there is no government we get chaos.

Tuesday, September 14, 2021

Reply to a Relativist, Part I

The other day we got into a discussion with someone insisting that taxing gifts and inheritance is illegal, immoral, and fattening . . . or maybe just unjust.  It doesn’t really matter; this individual just kept insisting that you cannot be for justice and at the same time tax inheritance.  In addition, a few comments were made claiming that “person” doesn’t mean “that which has rights,” a somewhat problematical claim for an attorney.

Monday, September 13, 2021

JTW Podcast: Productiveness


“Human capital” is an interesting term.  The “Investopedia” website defines it as “a loose term that refers to the educational attainment, knowledge, experience, and skills of an employee.  The theory of human capital is relatively new in finance and economics. It states that companies have an incentive to seek productive human capital and to add to the human capital of their existing employees. Put another way, human capital is the concept that recognizes labor capital is not homogeneous.”

Friday, September 10, 2021

News from the Network, Vol. 14, No. 36


At the present time most people seem to be focused (at least in the economic realm) on income, rather than power.  Maybe in difficult times that’s what people tend to do, but in the end it does boil down to whether you own, or are owned.  That is why we support the Economic Democracy Act as the best alternative of which are aware to things like this:

Thursday, September 9, 2021

But Is It Usury?

 

In the previous posting on this subject, we noted that the difference between interest per se and usury is that interest is a legitimate sharing of profits on some equitable basis, while usury consists of taking a profit where no profit is due.  Complicating understanding of this difference is the confusion between past savings and future savings, and the different types of money derived from each of them.

Wednesday, September 8, 2021

Is Interest Evil?


As we saw in the previous posting on this subject, the type of money determines its proper use.  Money that is created by reducing consumption in the past should be used for consumption in the present or the future, not to increase production.

Tuesday, September 7, 2021

Say’s Law and Money

In the previous posting on this subject we took a look at a fundamental error in Keynesian economics, in all of the schools of economics based on the Currency Principle, in fact.  That is the claim that production must exist before production can exist — the logical fallacy of reversing cause and effect, specifically, that you must refrain from consuming something before you can produce it.

Monday, September 6, 2021

Happy Capital Ownership Day!

 Yes, we know that most people are celebrating Labor Day today, but we think it's more important at this stage to start pushing for capital ownership.  After a;;, people produce with both capital and labor, so both should be acknowledged and encouraged

Friday, September 3, 2021

News from the Network, Vol. 14, No. 35


While the weather (at least in Northern Virginia) has taken a turn for the better, the same cannot be said about the world situation.  In our opinion, that is not going to improve other than temporarily until and unless the Economic Democracy Act is passed:

Thursday, September 2, 2021

The First Principle of Economics


As we saw in the previous posting on this subject, there are short term expedients that if implemented as permanent solutions impose a condition of dependency — slavery — on the great mass of people.  This is not to say that such things as stimulus payments, redistribution, job creation, full employment, and so on, are not essential at times, but they are not the solutions that so many people seem to think.

Wednesday, September 1, 2021

Mandating Virtue


As we saw in the previous posting on this subject, the principal way in which people today can be fully productive members of society (and the economy) is to own capital as well as labor.  Of course, that only matters if you view all people as fully human instead of lesser beings or things to be taken care of.

Tuesday, August 31, 2021

Full Participation


Say’s Law of Markets is usually summarized as “Production equals income, therefore, supply generates its own demand, and demand, its own supply.  Unless, however, you understand or even are just generally familiar with the full explanation of Say’s Law, it’s likely that you will either misunderstand it or reject it outright.

Monday, August 30, 2021

JTW Podcast: Mortimer Adler on the (U.S.) Constitution


This week we feature “Great Books” philosopher Mortimer J. Adler speaking on the United States Constitution of 1787.  Adler taught “Philosophy of Law” at the University of Chicago law school, and William Winslow Crosskey (Politics and the Constitution in the History of the United States, 1953) taught “Constitutional Law” there.

Friday, August 27, 2021

News from the Network, Vol. 14, No. 34


We hate to keep sounding the same note all the time, but many of the problems the world is currently facing would not even be a blip on the radar if the Economic Democracy Act had been passed when it was first proposed, whether then-Governor Reagan’s call for an “Industrial Homestead Act,’ or even Louis Kelso’s 1967 Accelerated Capital Expansion Act.  No, it’s not a panacea; we’d still have problems, but they would be of a more manageable size.  Until then, however:

Thursday, August 26, 2021

Redefining Humanity


As we saw in the previous posting on this subject, redefining a natural right means that you are, in effect, redefining what it means to be human.  That’s because natural law is based on human nature, so redefining its principles effectively redefines what it means to be human.

Wednesday, August 25, 2021

The Problem of Private Property


As we saw in the previous posting on this subject, quite a few people in the world don’t really know the legal definition of “person” . . . although they probably think they do.  That can cause one or two (billion) problems.

Tuesday, August 24, 2021

The Problem of the Human Person


If you want to develop a solution to what’s going on in the world today, you have to start with the human person.  If something — such as a “Great Reset” — does not tend to the good of a human being as a human being, then it cannot be said to be good.

Monday, August 23, 2021

JTW Podcast: Dr. Robert H.A. Ashford on Capital Ownership


This particular podcast comes with a little caveat.  We agree with what Dr. Robert Ashford says, but not necessarily how he says it, e.g., he uses the term “capitalism” when we prefer “economic personalism.”  Other than that, you won’t find too many differences, so this audio recording should be of great interest, at least the first part: