The Economic Errors of the Pope (and other Statists)

Catholic statists (including the Pope), like to lecture about “just” wages while they all but ignore issues that are a) real, b) causing great harm to families and c) can be fixed without violating Catholic doctrines on subsidiarity and private property rights. Mention this uncomfortable truth and you’ll be cursed, libeled and then blocked (as I was by Comrade Shea over the weekend).

If you are a Catholic (or even just a person of goodwill) and you are interested in practical ways to fix economic inequalities, why not start with the single largest real threat to wages and private property?

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Socialism Has a Perfect Failure Rate; Why Do Intellectuals Love It So?

In 1970, S. Korea and Venezuela had a similar GDP. Venezuela had a huge advantage: the largest oil reserves in the world. But while S. Korea embraced capitalism, Venezuela embraced socialism. Korea is an economic miracle and Venezuelans are literally starving to death.… Read the rest

Celebrating Labor Day? Don’t

President Cleveland created Labor Day on June 28, 1894 in an attempt to quell a strike by 150,000 railroad workers that had crippled the country’s economy.  The striking laborers refused to go back to work and eventually clashed with federal troops. Their leader, Eugene Debs, was sent to prison, where he eventually became a Marxist.

The common ideology of the unions and the socialists made for a profitable long-term alliance.  Each sought to overthrow the existing order, each proclaimed an entitlement to the property of others, and each was quick to resort to violence when lawful means were unproductive.  Within two years of the institution of Labor Day, a quarter of a million workers in Chicago walked off their jobs, demanding a shorter work week (but the same pay).  As so many strikes do, this one resulted in violence when police attempting to disperse the crowd at the Haymarket Square were attacked with a dynamite bomb.  Seven police officers were killed.  They would be the first victims of the new century of union, socialist violence.

The unions have long cultivated the myth that their reason for existence is the promotion of workers’ rights, but from their earliest days the opposite has been true.  Shortly after the Civil War, as black Americans flooded northern industrial areas in search of jobs, labor unions such as The Brotherhood of Railroad Firemen and Brotherhood of Railway Trainmen prohibited the admission of black members.  They also banned Catholics.  Consequently, the railroads employed almost exclusively white … Read the rest