Economic Systems: Communism, Socialism, Free - Market

Economic Systems: Communism, Socialism, Free - Market - Part 2

JMJ

Following up on my first article I did a quick review of the Catholic Encyclopedia (links below).

First the idea of the economy is to manage the resources of an organization. That can be a person, family, company, country or even world.

The term socialism (quoted below) definitely seems to apply today over a hundred years later.

A system of social and economic organization that would substitute state monopoly for private ownership of the sources of production and means of distribution, and would concentrate under the control of the secular governing authority the chief activities of human life.

This is where I see socialism leading to a police state as described in 1984. There are a number of current movements that seek to limit the action of religion and the majority in favour of minorities. Something to research further.

Communism seems to be a flavour of Socialism with all property being removed from the control of the individuals.

In its more general signification communism refers to any social system in which all property, or at least all productive property, is owned by the group, or community, instead of by individuals. Thus understood it comprises communistic anarchism, socialism, and communism in the strict sense.

I'm not clear on where Collectivism lands in the spectrum. However, the 'Tragedy of the Commons' (link: Tragedy of the Commons) is a useful idea to review:

The tragedy of the commons is an economic theory that states that individuals use up resources shared by many to benefit themselves. The reality is often that because individuals tend to act in a selfish way, using resources shared by a group, everyone ends up suffering in the end.

This is why it is false that the developing economies will sacrifice their growth in order to at least slow global warming that is driving climate change. We all partake in the commons of the environment, but the impacts are in the future, so these economies won't sacrifice their people.

This something I may look at later as I was surprised to see that Canada actually was twelfth on theWiki list with GHG contributions of 1.41%.

P^3

References

https://corporatefinanceinstitute.com/resources/economics/economic-system/

https://www.newadvent.org/cathen/12213b.htm

https://www.newadvent.org/cathen/14062a.htm

https://www.newadvent.org/cathen/04179a.htm

https://www.newadvent.org/cathen/04106a.htm

https://www.newadvent.org/cathen/06058c.htm

https://www.newadvent.org/cathen/01226a.htm

https://www.newadvent.org/cathen/14385b.htm

https://www.canada.ca/en/environment-climate-change/services/climate-change/greenhouse-gas-emissions/sources-sinks-executive-summary-2023.html

https://www.wri.org/insights/interactive-chart-shows-changes-worlds-top-10-emitters

https://en.wikipedia.org/wiki/List_of_countries_by_greenhouse_gas_emissions

Comments

The Curious Case of Steve Skojec and the Dangers of Deep Diving into the Crisis Sub-Titled: The Failings of Others

+ JMJ It's been a while now since Steve Skojec sold 1P5 and abandoned the Catholic Faith. I've been a 'Trad' since 1982 and in those 40+ years I seen this death-spiral before with a similar end point. It seems that anyone who jumps into the fray unprepared for the enormous task of righting wrongs will, eventually, become discouraged by not the task but the people who surround them. I remember when Skojec complained of the treatment his family received from a traditional priest. This seems to have been the start of the end for him. So what can we learn from the likes of Steve Skojec, Michael Voris (maybe?), Louie Verrecchio, Gerry Matatix and other celebrity Catholics? Probably quite a lot about what not to do. First, don't burn out on the crisis? When you burn out, on work or anything else, little things assume a more greater importance than they are due. This is one of my 'canary in the coal mine' signals that I've been stretching myself too th...

Tradical Commentary on: Restore DC Catholicism: SSPX And Austrilian Bishops - Two Different Errors

+ JMJ An interesting thing has happened on the discussion that prompted my article on whether it is sinful to attend the Novus Ordo Missae . The blog owner of RDCC has shut down discussion by locking the article. That is their prerogative, but I am puzzled as to why? Perhaps it has something to do with some of the latter comments. They didn't believe the teaching on intention with regards to confecting the Sacraments. This is not the first time I've experienced incredulity on this topic ( reference articles ). Really this isn't about what they believe but the truth. They seem to believe that the objections to the Novus Ordo Missae are simply about "overly delicate sensibilities". In response to this I am reblogging a number of articles by the SSPX. Perhaps it was the comment made by Bishop Schneider, a currently well revered hero (who deserved the accolades) but apparently has said something similar to the SSPX. I suspect that it is more...

Australia: Seal of the Confessional Outlawed at the Federal Level

+ JMJ This is simply another step in the attack on the Catholic Church. Interestingly, California's attempt to do the same failed. P^3 Courtesy of FSSPX.news Australia: Seal of the Confessional Outlawed at the Federal Level December 19, 2019 Source: fsspx.news On December 2, 2019, the Australian Conference of Bishops (ACBC) denounced the agreement between the Attorneys General of each state and the Australian federal government, with the aim of standardizing the laws imposing on priests the obligation to denounce any alleged fact of ill-treatment of minors that would be learned in the context of the sacrament of penance. “Counterproductive and unjust” are the terms with which Archbishop Mark Coleridge, Archbishop of Brisbane and President of the ACBC, denounced the new prejudicial legal norms on the sacramental seal of the confessional in Australia. The attorneys gener...

Comparision of the Tridentine, Cranmer and Novus Ordo Masses

+ JMJ I downloaded the comparison that was linked in the previous article on the mass (here) . ... a very good reference! P^3 From: Whispers of Restoration (available at this link) . CHARTING LITURGICAL CHANGE Comparing the 1962 Ordinary of the Roman Mass to changes made during the Anglican Schism; Compared in turn to changes adopted in the creation of Pope Paul VI’s Mass in 1969 The chart on the reverse is a concise comparison of certain ritual differences between three historical rites for the celebration of the Catholic Mass Vetus Ordo: “Old Order,” the Roman Rite of Mass as contained in the 1962 Missal, often referred to as the “Traditional Latin Mass.”The Ordinary of this Mass is that of Pope St. Pius V (1570) following the Council of Trent (1545-63), hence the occasional moniker “Tridentine Mass.” However, Trent only consolidated and codified the Roman Rite already in use at that time; its essential form dates to Pope St. Gregory the Great (+604), in whose time the R...

Morning and Evening and other sundry Prayers

+ JMJ Along the theme of P^3 (Prayer, Penance, Patience), and for my own reference ... here is a collection of Morning and Evening prayers from the Ideal Daily Missal along with some additional prayers. In this crisis of the Church, I do not think it is possible to do too much prayer, penance and have patience. P^3

Tradicat

Search This Blog