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The purpose of Free Market Capitalism is to concentrate the Money into the hands of a few with a temporary truce among those elites until the "End Game" The purpose of "Computer Technology is to ultimately reduce the amount of labor to 0. The myth or fable that through "College Education" for all we will create a brave new utopia where everyone is an elite denies the fact that all men are not created equal. In every industry where the current state of "technology" is applicable it has reduced the workforce. That is men no longer have their livelihoods. The second part of the pincer movement is Wall Street which dictates how well a Company "should do" and when they fail to meet expectations they are obliterated. The head of Intel in address I remember said "the purpose of the new capitalism is to shoot the wounded". In the 1960's and through the 1980's those industries which rely on skilled labor reduced their cost by re-locating to the Southern Sun Belt to avoid paying a living wage. The companies that remained and bought into the notion that technology can save them, are all out of business. The Advent of the CNC revolution has reduced the wages and forced the industry into continuous debt, and forgetting entirely the facts that they are not quicker nor more repeatable or reliable, has caused their demise. In the 1980's to present industries were forced to reduce prices and develop suppliers in south east asia. This insured the further erosion of industries in this country and the re-distribution of work and wealth there. Eventually causing those remaining here through reduction of skilled workers to warehouse operations importing products to satisfy there customers need as expressed by wall street to "reduce cost of ownership".None of this was a natural progression it was engineered from the wall street wizards and public opinion was manipulated by their foundations toward this brave new utopia.

To my experience and through my eyes no economic regime is Catholic. But we need to seriously take a very close look at the current one. It is crypto wicked evil. There are thing we can change and fix. 
Quote:In the 1960's and through the 1980's those industries which rely on skilled labor reduced their cost by re-locating to the Southern Sun Belt to avoid paying a living wage.
  Autoworkers who work in Alabama, Kentucky, and other sun-belt plants are making very nice wages and benefits.  They easily meet the definition of a living wage by far.  Those plants were built in the sun-belt to avoid extreme unionism, which includes such things as the infamous "jobs bank", completely free-for-life medical, and rigid work rules.
Quote:The purpose of Free Market Capitalism is to concentrate the Money into the hands of a few with a temporary truce among those elites until the "End Game"
  The goal of Progressivism is to concentrate power (money) in the hands of an elite few.  The Federal Reserve, a government entity, has done that.  The power is now in the hands of Geitner, Bernanke, and Obama (my mistake, I meant Rahm Emmanuel).  Concentrating power is anathema to a capitalist.  It eliminates competition, the only effective economic remedy (partial) to Original Sin.
Quote: But we need to seriously take a very close look at the current one. It is crypto wicked evil. There are thing we can change and fix.

But since you haven't mentioned THE cause of the current collapse, i.e. government hyper-printing of money 2002-2005, you will not know what to "change and fix".
(07-18-2009, 10:17 AM)James02 Wrote: [ -> ]The Federal Reserve, a government entity

The Federal Reserve isn't federal or governmental at all.  It is a private bank owned by a small handful of rich bankers.
Quote: The Federal Reserve isn't federal or governmental at all.  It is a private bank owned by a small handful of rich bankers.
Keep drinking the Kool Aid. 

Try this.  Set up a local bank which only accepts deposits in gold, and has 100% reserves.  How long do you think it will take for the Black Suburbans to show up?  Yeah, and those Suburbans will be sporting Federal tags.

So the FED isn't federal or governmental AT ALL?  Who appointed Bernanke?  Who signs the "Federal Reserve Note"?
The current collapse is caused by the bursting of the bubble created by Alan Greedspan. The entire Real Estate bubble/collapse is initiated in Jimmy Carter administration with the the loosening of regulations for home loans through every president of either party until today. The Savings and Loan debacle loosened more regulations and enabled Banks to invest and no longer be Commercial Banks. The junk bonds scandal occurred for the same reasoning. The dismemberment of AT&T sent that competitive mess into freefall for the same reasoning. The Wizard of Wall Street Rob Rubin invented the bundling of securities, and the credit swap default and got the Billy Clinton administration along with Congress to go along with this transfer of garbage securities around the world.
tim
Concerning the Auto workers in the current south all you say is true, but it is post the rush to the south and now the workers have been trained by the original exodus of companies. None of these auto assembly plants buy their parts in America. This means six times the amount of auto workers are out of work because they do not buy their parts here, and take advantage of cheap labor elsewhere. It is cheaper to purchase the parts globally and ship to the south and have them assembled there than it is to assemble the cars and ship them to America. James I know you are an engineer too so you understand how to cost products, if this were not creating larger margins they would be made a different way. If American wages were reduced to say $6.00-$8.00 then we would be flooded with new plants going up in every region.
tim
The Federal Reserve was instituted by Woodrow Wilson and he is the granddaddy of Progressives  of the more liberal bent while Teddy Roosevelt is a Progressive of the more conservative bent. This didn't start with Obama.
tim
(07-17-2009, 11:46 PM)Rosarium Wrote: [ -> ]Capitalism is not Catholic, but neither is any other economic system. A pre-occupation with economic systems seems to be very dangerous. A Catholic is a Catholic no matter the economic system which surrounds them; we should behave the same way.

This was certainly the opinion of the Church until the 19th Century. The Kingdom of God is not from this world, and whatever is the worldly power Christian preparing to the eternal life should obediently accept it. The cross is cross, the sword is sword each should stay withing it's own territory.

The view changed when the state started to take traditional Church functions: education, birth and marriage certificates, and the worldly power went trough a centralization process related to the economy. Leo XIII reacted with the Rerum Novarum. The teaching was repeated by Pius XI, who also take stance against the Communist and the National Socialism too.

The active struggle against the economic injustice (liberation theology) is not and cannot be part of the Catholic life, but the teaching of clear moral principles is, and based in the good old times.

laszlo
(07-17-2009, 11:46 PM)Rosarium Wrote: [ -> ]
Luke 12:14-15 Wrote:But he said to him: Man, who hath appointed me judge, or divider, over you? And he said to them: Take heed and beware of all covetousness; for a man's life doth not consist in the abundance of things which he possesseth.

Capitalism is not Catholic, but neither is any other economic system. A pre-occupation with economic systems seems to be very dangerous. A Catholic is a Catholic no matter the economic system which surrounds them; we should behave the same way.

An economic system can be contrary to the natural law however. That's why communism and socialism were condemned by the Church.
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