Better Economic System than Free Market?

by Steve Ray on December 14, 2011

Milton Friedman interviewed by liberal TV host Phil Donahue thirty years ago. Two minute video well worth watching which blows away some of the confusion about Capitalism and Free Market Enterprise. Click HERE.

{ 2 comments… read them below or add one }

Edward Hara December 16, 2011 at 11:24 AM

I must say that I am very disappointed in you, Steve. Four popes have written against the inequities of Capitalism. Capitalism stands in opposition to the Catholic faith and its seeking to enhance the dignity of man. Socialism and Capitalism are just two sides of the same coin — a very few own all the money and property and manipulate things to their benefit while destroying others. An unbiased study of history shows this to be true.

Compare the attitude of Capitalists with the “unmercenary doctors” Sts. Cosmos and Damien, who as doctors went about treating the sick in the love of Christ for no reward. Friedman goes as far as to state that no man will do anything unless there is a reward in it for him. That is worldly thinking. We do what is right for no reward, but because it is the right thing to do that God wishes us to do.

I would urge you to find THE DISTRIBUTIST REVIEW and read some G.K. Chesterton and Hillaire Beloc on this issue. We are Catholics, not Capitalists, and our lives should reflect this, including in our choice of politics and economics.

Brother Ed

STEVE RAY HERE: NO NEED TO BE DISAPPOINTED BROTHER ED. CAN’T I PUT UP AN INTERESTING VIDEO? DOES NOT MEAN I AGREE WITH EVERYTHING FRIEDMAN TEACHES. WHAT IT DOES DO IS SHOWS THE LIE OF THE LUNATIC LEFT TODAY WHO ARE PUSHING SOCIALISM AND STATISM. I AM A CATHOLIC THROUGH AND THROUGH. I ALSO BELIEVE IN A FREE MARKET ECONOMY. IF YOU HAVE A GOOD VIDEO TO EXPLAIN DISTRIBUTISM, SEND ME THE LINK AND I WILL GLADLY UPLOAD IT.

Edward Hara December 18, 2011 at 6:29 PM

Okay. Sorry I appear to have misread your intentions. As I have come to study and understand Catholic Social Teaching, and especially to understand just a tiny bit of the heart of our Lord for human beings to have community, freedom, an care for one another, I have become considerably disenfranchised of Capitalism.

I do not off the top of my head have a video on Distributism. I went over to The Distributist Review and found a page of videos, but I have not watched any of them personally, so I don’t have a recommendation personally.

I would say that those who are interested in Distributism as an alternative to Statist Socialism and Greed Capitalism would do well to go to the Distributist Review and read. They have a PILE of well written articles there.

Link: http://www.distributistreview.com

Here’s the link for their page full of videos

http://distributistreview.com/mag/audiovideo/video-2/

Brother Ed

Leave a Comment

 

Previous post:

Next post: