I have a commenter name Stephen (see => https://citizentom.com/2016/11/01/presidential-pros-and-cons-the-purpose-of-government/#comment-71397) who usually leaves me quite confused. So I appreciated this post.
I came across a comment thread on Citizen Tom’s comments on his blog: An Update For My Blogging Friends, asking for an alternative to the greed of Capitalism.
Here is a response, although, I do acknowledge not the response.
GK Chesterton once wrote, “The truth is that what we call Capitalism ought to be called Proletarianism. The point of it is not that some people have capital, but that most people only have wages because they do not have capital.”
If I could modernize his sentiments, I would certainly articulate the notion that what we call Capitalism today should be properly called, “Corporatism.” However, instead of getting into what I disagree with Capitalism and Socialism, let me instead promote an alternative solution to those economic systems.
Let us first explore Pope Leo XIII’s encyclical, Rerum Novarum, that created a foundation for such a system:
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