The love of money, not money, is the root of many evils…

"...the Church holds both private initiative and entrepreneurial work in high regard. This activity, however, is called upon to recognize the dignity of the human person and to be put at the service of others." http://www.zenit.org/article-33816?l=english

***

Mansion puts Moore in 1%
www.nypost.com
He may dress like a slob and claim to speak for working stiffs -- but here’s the luxurious home that proves left-winger Michael Moore is a lot closer to the 1 percent than the other 99.

***

"There is no mechanism of distribution whatsoever. So, to speak in terms of a just or unjust distribution, doesn't make sense."
The Peter Schiff Show - Tom Woods: Entrepreneurs
http://www.youtube.com/watch?v=Yfzr_54D3lw

***

"You can believe in a free market, or you can believe in capitalism, but you cannot, logically, believe in both."
John Médaille being interviewed on the Young Turks about moving "towards a truly free market"

***

When will "Three Acres and a Cow" meet "Forty Acres and a Mule"?

***

"John Médaille’s diagnosis begins by questioning our assumptions about the nature of economics. He suggests we have been fed only part of the truth when it comes to evaluating economics as a whole.Economics, Médaille reminds, is a humane science not a physical science. Those economists who neglect the humane aspects of economics play into the hands of tyrants precisely because their calculations leave any concept of justice out of the equation. An economist who cannot account for love, for example, must consider men and women to be androgynous free agents in the workforce and see children as liabilities instead of assets or the objects of a self-limiting pursuit of self-interest in the name of such love. Economists, we’re reminded, are governed as much by prejudice as anyone else. Their failure to predict recessions and their remedies reminds us that such prejudice has consequences. Sadly, such categories are missing precisely from the largely Libertarian theory that passes for “Christian Economics” in Republican and Christian circles in the U.S. these days."
http://www.worldviewchurch.org/suggested-books/243-toward-a-truly-free-market


***

"[N]ot only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure.

"This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money. Hence they regulate the flow ... of the life-blood whereby the entire economic system lives, and have so firmly in their grasp the soul ... of economic life that no one can breathe against their will.

"This concentration of power and might ... is the fruit that the unlimited freedom of struggle among competitors has of its own nature produced, and which lets only the strongest survive; and this is often the same as saying, those who fight the most violently, those who give least heed to their conscience."
http://www.vatican.va/holy_father/pius_xi/encyclicals/documents/hf_p-xi_enc_19310515_quadragesimo-anno_en.html

***

"Under Industrial Capitalism the proletarian tenant can be deprived of the roof over his head at the caprice ... of a so-called master who is ... neither a prince, nor a lord, nor a father, nor anything but a credit in the books of his fellow capitalists, the banking monopolists. In no permanent organized Catholic state of society have you ever had citizens thus at the mercy of mere possessors. Everything about Industrial Capitalism--its ineptitude, its vulgarity, its crying injustice, its dirt, its proclaimed indifference to morals [making the end of man an accumulation of wealth, and of labor itself an inhuman repetition without interest and without savor]--is at war with the Catholic spirit. ... But we cannot engage in this conflict as it is now fought; we cannot take up the weapons ready to hand against Industrial Capitalism, because the weapons against Industrial Capitalism have been forged by men whose minds were of exactly the same heretical or anti-Catholic sort as those who framed Industrial Capitalism itself. What is called vaguely "Socialism," of which the only logical and complete form worthy of notice in practice is Communism, directly contradicts Catholic morals and is at definable and particular issue with them in a more immediate way than is capitalism. Communism involves a direct and open denial of free will; and that it has immediate fruits violently in opposition to the fruits of Catholicism there can be no doubt. To put it more plainly, a Catholic supporting Communism is committing a mortal sin."
http://www.catholicapologetics.info/morality/money/capital.htm