This ad perhaps captures Deirdre McCloskey’s observation that “love runs consumption” better than anything I have yet seen.
A friend of mine recently shared this short clip of Thomas Merton’s last lecture. He has some interesting things to say about communism and monasticism, as well as what is clearly a sly promo for Coca-Cola at the end.
“From now on, brothers, everybody stands on his own feet.” This would be a great summary statement of what the monastic vow of poverty actually meant to most monks, historically. With regards to monasteries being the only places that have ever fulfilled the socialist ideal “from each according to his ability, to each according to his need,” I would add that they were able to do this because they valued the division of labor and the potential good of enterprise.
Monasteries, ancient and medieval, were centers of production, invention, and exchange, in addition to faith and worship. We may often think of the Scriptures and works of literature, philosophy, or theology that they copied in their scriptoria, but these same communities have also left us volumes of financial records, documenting extensive holdings in land and capital, as well as ventures in banking, lending, and long distance trade.
For one monk’s take on the good of commerce, see my recent Acton Commentary, “The Monk as Merchant,” here.
Also, I’ll be lecturing again on “Markets & Monasticism” at this year’s Acton University, our summer conference. If you haven’t done so already, take the time to learn more about it here.
From a report in today’s Washington Times:
… brace yourselves for a deluge of nuisance taxes, sin taxes and “fees,” limited only by the imagination of revenue-starved governors, mayors and legislators. Raising fees and nuisance taxes amounts to nothing more than “tax adventurism,” said Jonathan Williams of the American Legislative Exchange Council, a nonpartisan organization of state legislators. Governors and legislators “often raise taxes and increase fees during tough budget times before resorting to hiking broad-based income and sales taxes,” said Mr. Williams, who co-authored the recent book, “Rich States, Poor States.”
Among the nuisances: car-rental taxes and hotel taxes, the “Amazon” tax on Internet purchases, cameras catching speeders and people running red lights, bridge and toll taxes, increased fees for marriage licenses and dog tags, etc.
The report noted that “although cigarette taxes were raised 57 times between 2003 and 2007, the tax increases met revenue projections only 16 times … ”
Says Muhtar Kent, chief executive officer of Coca-Cola Co., about calls to impose soda and fat taxes: “I have never seen it work where a government tells people what to eat and what to drink. If it worked, the Soviet Union would still be around.”