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The Pope Condemns Idolatry Of Cash In Capitalism. The Pope Is Wrong.

The pope doesn't know what he is talking about.

True capitalism encourages savings and all of the character building that goes along with it.

Our corporatist banking system (banking 'regulated' by government) encourages materialism by issuing easy credit which encourages people to spend money they don't have. When everyone is spending money they don't have everyone has to buy more in order to keep up with everyone else.

Easy credit also means artificially low interest rates (rates kept low by government regulation).  Low interest rates on loans means even lower interest rates on savings and so there is little motivation to save money.

This is how the government destroys the principled lesson of delayed gratification, a lesson that is  inherent in capitalism as it balances spending and savings with interest rates set by the free market.

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Well.....

one of reasons I don't like to use the word Capitalism, is because people link it to Walmart and other places that sell products from country's that have (basically) slave labor.

there is nothing free about that market

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I totally agree

As I said this is a tactical argument. Maybe it is better to concede this battle, but I'm not totally convinced, for the reasons stated.

I agree that Walmart isn't any sort of an exemplar of the free market. But understanding how government props up Walmart is important too.

It's not just that Walmart buys local government. They certainly do, and this is a problem, and it's enabled by the cession of freedom. If people had not got behind zoning laws, building codes, regulations, and some project they wanted tax funding for, all of those powers used by Walmart against the locals would not exist.

More importantly all of the regulation and corporate taxes help corporations by raising the barrier to entry of competition who would otherwise bid labor prices up, thus keeping wages depressed. And combined with minimum wage laws and the dole, which are just soft price controls, cause unemployment.

This is the central lesson. Government will not ever be used against capital. It never has and never will. Even in 'communist' states there is always an oligarch class.

The free market disperses resources. It's very difficult to aggregate capital in a free market for any sustained period of time. The solution to this problem is government. The only reason government exists is to protect aggregations of capital from the market. The common belief that it does anything else is a pernicious lie.

There is a reason we have corporations and Houses that last for centuries. It's not because of freedom or free markets. It's because capital sold the lie that government power would be used against capital.

Government power, like anything else, will always and can only ever, go to the highest bidder. The larger the government, the greater wealth disparity will become. This happens always and everywhere. It happened in the USSR. It happens here.

The term Capitalism was defined by Marx and imbued with evil

He was describing mercantilism, which he called capitalism. Capitalists were to be looted.

Demonize what one wants destroyed and looted.

Dr. Paul often refers to sound money, free markets and private property.

This avoids the 160 years confusion, while including the essentials.

Free includes debt-free!

That is about what I thought

but I was afraid dragging Marx in would confuse my point. good reply.

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Ah....! Yes, it does confuse the point, especially when

one only wants to skim the surface and Catholic bash. Dig deeper into the background and you will find Marx there!

With all due respect, bible thumping on these kinds of posts does nothing to help people understand what is really going on in the Big NWO Game. It just keeps people from finding out.

http://www.dailypaul.com/299323/frightening-clues-to-the-thi... (Please listen and ignore the irrelevant comments. It really is important to know about these things.)

I said nothing about

the Bible

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No, you didn't.

My comment was as much meant to bring the discussion back to politics and away from religion, as it was to be a compliment to you for picking up on the Marxist philosophy.

The Pope is funny. NOT!

Yet bowing to statues of Mary and praying to crucifixes is OK even though that breaks God's Commandments. You say the Pope doesn't know what he is talking about. I say tell me something new.

Pope = Anti Christ.

Do you know what you are talking about?

Just wondering.

...he does

I'm guessing you don't?

I would like to know what he actually said

Not just what the media said he said.

I do not like the inference that work is what gives man dignity.
But unbridled capitalism is a bad thing as it easily becomes pure greed.

Trevor Lyman's picture

"But unbridled capitalism is

"But unbridled capitalism is a bad thing as it easily becomes pure greed."

'Unbridled capitalism' is the most fair and equitable system of distributing resources on the planet, replete with its own built in checks and balances. Only government can unleash 'pure greed' on the world.

Is slavery fair?

Because it would make good sense for a business to use slave labor to produce goods. It also makes sense for giant corporations to run smaller businesses out of town.

How can we blame government for pure greed? Government is merely humans doing what the rest of us allow them to. Greed came before government.

I agree with the idea of free markets. As long as there is a society that has a conscience.

Maybe I misunderstand the definition of capitalism. In my mind it is the belief that the market decides morality.

How would you differentiate between greed and capitalism?

Trevor Lyman's picture

If you take a man off of the

If you take a man off of the street and force him into slavery you violate the principle of self ownership. That's not capitalism. People using forced labor are not capitalists.

Government can increase greed and materialism by issuing debt at low interest rates. The message is spend, spend, spend and don't worry about tomorrow. This is spending beyond your means and without responsibility. What could be more greedy than that?

Greed (government banking system) = spend irresponsibly and beyond your means.

Capitalism (free market banking system) = spend wisely and within your means in order to enhance your life over time.

In a truly free market greed is balanced by risk.

The profits of slavery were not without substantial risk. Other countries ended human slavery and eliminated the risk.

Congress created the Federal Reserve. Members get 6% profit after expenses. Anything over 6% is paid as a franchise tax to the US Treasury.

Congress regulates competitors to maximize the franchise tax.

This government created greed is not without risk. It has all but killed the economy. End the Fed and eliminated the risk.

Then we can go back to the normal greed and risk of the 18th century.

Free includes debt-free!

Cash as an idol rules men's thoughts.

Cash as a tool is useful. But a tool can be misused and it can mislead.

Failure to recognize the distinction is a problem.

Free includes debt-free!

Trevor Lyman's picture

Would you agree the

Would you agree the government is misusing the tool and misleading us?

Yes, government intervention is the problem, IMO.

The tools of a free market have been vilified.

Money is not evil but can be put to evil uses.

Churches thrive or fail based on voluntary contributions.

Free includes debt-free!