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Regarding Unfettered Capitalism.

If "Unfettered Capitalism" does not and cannot exist, then how did it ever become such a common, popular term?

Unfettered Capitalism is a completely nonsensical term, for the moment it is fettered, it is no longer Capitalism.

Vic Biorseth, OWM; Monday, December 23, 2013
http://www.CatholicAmericanThinker.com

It is hard to accept the fact that a significant portion of the highly educated among the world population, perhaps even a majority, do not hold a correct understanding of simple economics.  But here we are.  Today, the very term Capitalism itself is most often used as a pejorative, and most people have been educated into viewing it as a "system of greed" rather than as what it actually is. 

What prompted this webpage was a plethora of "Please do not publish this" comments from well educated people, clerics among them, in response to the Evangelizing for Communism webpage, in which I criticized Pope Francis' attack on Capitalism and promotion of Socialist redistribution.  While most of them agreed with my position, with some exceptions to certain points, none of them - not one - wanted to be "on public record" as critical of the Pope.  In fact, they strongly criticized my doing so in public. 

(Note that Pope Francis didn't even use the term Unfettered Capitalism in his exhortation, but that just about everyone who commented on it, whether pro or con, did use it.) 

The exact same sort of phenomenon occurred after publication of the Pope on Globalism page, in which I was similarly critical of Pope Benedict XVI for his promotion of the idea of a new global government to replace national sovereignty of all nations.  Lots of comments, not for publication.  They disagreed, not with what I said, but with the fact that I said it out loud.  ???  So, we are not even to speak about it in public?  Excuse me? 

I saw Benedict's words as little more than a recommendation to turn the whole world over to a new WBESSWG17 to properly "take care of us" and be nice. This was, ostensibly, Benedict's solution to the growing world economic crisis.

However, as we showed in the Economic Catastrophe Pages, the growing (and continuing) economic crisis was brought about and caused by government action, not by any free market activity.  It was the opposite of Capitalism; it was government interference with the free market that caused the problems, and going to bigger government with more power was not only not the solution, but the sure path to absolute total economic catastrophe.  Not to mention the end of liberty. 

We will talk about the radical differences between Leo XIII's Rerum Novarum, Benedict XVI's Caritas Veritate and Francis' Evangelii Gaudium in a future webpage, to be titled Social Justice  Here we will only note that Leo XIII's encyclical very strongly condemned the notion of "community property" in favor of the natural law and private property, quoting Deut. 5:21, ""Thou shalt not covet thy neighbour's wife; nor his house, nor his field, nor his man-servant, nor his maid-servant, nor his ox, nor his ass, nor anything that is his."

What are the limits of Papal authority when addressing political, socioeconomic and civil government architectures?  I am not sure; this whole area is fuzzy in my mind, and perhaps someone out there can make the picture more clear.  We described, in the Judeo-Christian Ethos page, how the first Commandments of God address man's relationship with God, or our faith.  And how the following Commandments of God address man's relationship with his fellow man, or our morality.  These are the two areas in which Popes and Councils in communion with Popes can speak with absolute authority, under guidance of the Holy Ghost, as we said in the Infallibility page.  That does not mean that they always speak with absolute authority in these areas. 

But Smith published Wealth of Nations in 1776, and Marx published Communist Manifesto in 1848, both long after the closing of the sacred deposit of faith, upon which Popes and Councils speak infallibly.  If it's not in the deposit of faith, it is not something that can be declared as a new doctrine.  That's my understanding. 

The Scotsman Adam Smith described the free market in his Wealth of Nations, he didn't invent it.  It was a natural thing, that came into being by individual men trying to improve their own condition in life.  The more they struggled to do that, and the more they were allowed, i.e., not constrained in any way from doing it, they more pennies they could save, which is another way of saying the more wealthy they could become. He showed that it was an accumulation of natural individual citizen actions that ultimately created the wealth of whole nations.  Newly created wealth trickles down, one way or another. 

Marx was probably the first to use the word Capitalism in his condemnation of the free market in his Das Kapital.  What most modern day philosophical Communists do not know is that the whole of his Communist ideology was a purposeful fraud.  Under the influence of the deceit and treachery in the writings of Machiavelli, and the cold methodology in the writings of Hegel, he painted a beautiful picture of a path to man-made human perfection to draw in disciples.  But the true aim, from the beginning, was, purely, the assumption of political power.  We tried to highlight this in Refuting Marx, and in all the other pages among The Marxism Pages

The true goal of Marxism was and is the assumption of pure dictatorial power, whether by direct Machiavellian treacherous "revolution" by deceived, sacrificial agent provocateurs, or through Hegelian "progressive" steps.  All to be done in deceit, under the deceptive mask of the achievement of perfect human equality and an end to poverty and hunger; who would be against that? 

No other polemic or manifesto ever deceived so many people over so many decades into becoming willing accomplices in their own slavery.  Even after being openly called Useful Idiots by famous dictators such as Lenin and Stalin, new Useful Idiots continue to be recruited to the Marxist cause to this very day. 

So what is Unfettered Capitalism?  If Capitalism is definitively unfettered, then, there is no such thing as unfettered Capitalism, because if you fetter it, it is no longer Capitalism.  Of course, that's my definition, which may disagree with yours.  Normally, when you hear terms like unfettered Capitalism, unrestrained commerce, the "dictatorship" of the free market, etc., you are likely listening to someone who has been soaked, stewed and steeped in Marxist theory.  In America, this Marxist anti-Capitalism sentiment is interwoven into virtually all formal education. 

Unrestrained consumerism at the individual level, is, of course, harmful, as is almost anything over-indulged in.  Over-indulgence in just about anything harmful begins with over-indulgence in consumerism.  But, as in all things, that is a matter of the moral struggle between vice and virtue.  Our religion teaches us to moderate our appetites; however, note well that Marxism attacks also our religion.  In America, this Marxist anti-religion sentiment is interwoven into virtually all formal education. 

The fall-back position of the unfortunate citizen who encounters hardship is the charity of the family, the charity of the Church and the charity of like-minded neighbors.  Again, note well the fact that Marxism attacks also the family, and that this anti-family sentiment is interwoven into virtually all formal education. 

There is nothing left out of the Marxist demonizing of things.  Inheritance.  Private property.  All in favor of the eventual great collective, in which everyone on earth is equal and holds all property in common, and there is no government. 

The impracticality of the whole thing approaches the level of the imbecilic.  It takes my breath away, to consider that any adult capable of critical thinking could ever believe that anything like a global collective of equal people holding everything in common in the absence of any governing authority is even remotely possible. 

First, how do you gather everything?  Then, how do you distribute everything?  Then, how do you keep doing it? 

Well, you don't.  It is quite impossible. 

What can I say? 

Every bit of Marxist ideology is blithering idiocy. 

And there ain't no such thing as Unfettered Capitalism. 



=====

Hover-Link Footnotes:  For the convenience of those readers using devises that lack a mouse, these footnotes are provided for all webpages, in case any webpage contains any hover-links.  (If you don't have a mouse, you can't "hover" it over a link without clicking.)

SLIMC1 Secularist Liberal Intellectual Media Complex
GESGOEAEOT2 Gradually, Ever So Gradually, Over Eons And Eons Of Time
PEWAG3 Punctuated Equilibrium's Wild-Assed Guess
TTRSTF4 Them There Real Scientifical-Type Fellers
TTRSPTF5 Them There Real Smart Perfesser-Type Fellers
TTRSJTF6 Them There Real Smart Journalistical-Type Fellers
SNRTACBT7 Surely No Right Thinking Adult Could Believe Today
STNSEACPB8 Surely Today No Serious Educated Adult Could Possibly Believe
WDN9 We Don't Know
BMDFP10 Baboons, Mongrel Dogs, Filthy Pigs and ...
HBAACOTE11 Human Beings Are A Cancer On The Earth
ACLU12 Anti-Christian Litigation Union
FLORMPORIF13 Flagrant Liar, Or, Mindless Parrot, Or, Innocent Fool
MEJTML14 Marxist Ends-Justify-The-Means Liar
IEJTML15 Islamic Ends-Ends-Justify-The-Means Liar
MPAV16 Marxist Principles And Values
WBESSWG17 Wise, Benign, Elite, Super-Scientific World Governance
TRMITM18 The Reason Man's In This Mess
IYI19 Intellectual Yet Idiotic

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Date:   Wed Aug 20 2014
From:  Vic Biorseth
Comment:  

Changes pursuant to changing the website URL and name from 
Thinking Catholic Strategic Center to
Catholic American Thinker.

Pulled the trigger on the 301 MOVE IT option June 1, 2014. Working my way through all the webpages.  . 

Regards,

Vic


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