In the previous posting on this subject, we noted that it seems to be a part of human nature that people like to be useful and engage in productive activity. The Great Reset and similar proposals, however, appear to be far more concerned with meeting people’s material needs by any means necessary, with no attention paid to whether or people become productive and useful.
Wednesday, April 14, 2021
Tuesday, April 13, 2021
Monday, April 12, 2021
Friday, April 9, 2021
Most of the world seems to be spinning its wheels trying to figure out how to turn the old abnormal into the new normal, when the pandemic has revealed the cracks in the system that prevent the new normal from being any better than the old abnormal. . . .
Thursday, April 8, 2021
In the previous posting on this subject, we looked briefly at the “Great Reset” and similar proposals and contrasted them with the demands of human dignity. The basic idea seems to be that everyone should have “enough,” and that the system should be reorganized to provide it. As far as many people today are concerned, the main problem is how to get what people need directly into the hands of the people who need it.
Wednesday, April 7, 2021
All things, as Aristotle said in the beginning of the Nichomachean Ethics, seek the good. If someone seeks evil, it is because he either has the wrong idea of what is good, or is trying to avoid a greater evil. The former is called a badly formed conscience and must be corrected through education and example.
Tuesday, April 6, 2021
We closed the previous posting on this subject by noting that while expanded capital ownership can restore Say’s Law of Markets and poke Keynesian economics and its unresolved paradoxes in the eye with a sharp stick, there was a problem. It is itself a seeming paradox — or at least ironic — that the people who most need to become capital owners are the least likely to be able to afford it.
Monday, April 5, 2021
Friday, April 2, 2021
Thursday, April 1, 2021
As we saw in the previous posting on this subject, the basis of a just economy is for production and consumption to be in balance. This necessarily implies that every consumer must be a producer, and that every producer must be a consumer. Further, every consumer should produce what he or she consumes, and every producer should consume what he or she produces.