From the video vault, a classic presentation by Rev. Robert A. Sirico, president and co-founder of the Acton Institute, based on his monograph The Entrepreneurial Vocation.
Global History and Culture Centre – University of Warwick – 12-14 December 2012. This International conference held at the Global History and Culture Centre of the University of Warwick seeks to explore how our understanding of early modern global connections changes if we consider the role material culture played in shaping such connections. In what ways did material objects participate in the development of the multiple processes often referred to as ‘globalisation’? How did objects contribute to the construction of such notions as hybridism and cosmopolitanism? What was their role in trade and migration, gifts and diplomacy, encounters and conflict? What kind of geographies did they create in the early modern world? What was their cultural value vis-à-vis their economic value? In short, this conference seeks to explore the ways in which commodities and connections intersected in the early modern world.
French President François Hollande has promised a 75% tax rate on those in his country who earn an annual salary above one million euros ($1.24 million). Not surprisingly, this number has struck fear into the hearts and wallets of quite a few of France’s top earners, including some who are contemplating leaving and taking their jobs with them. The New York Times has the story:
Many companies are studying contingency plans to move high-paid executives outside of France, according to consultants, lawyers, accountants and real estate agents — who are highly protective of their clients and decline to identify them by name. They say some executives and wealthy people have already packed up for destinations like Britain, Belgium, Switzerland and the United States, taking their taxable income with them.
They also know of companies — start-ups and multinationals alike — that are delaying plans to invest in France or to move employees or new hires here.
The potential tax increase threatens to handcuff “les Riches” and, ironically enough, undercut France’s prized notion of egalité, taking with it liberté and fraternité, the remainder of the country’s tripartite maxim. In Hollande’s France, these principles may not apply to the wealthy.
Of course, Hollande’s tax initiative is sure to have some beneficiaries. No, not the poor or the middle class. The real winners? Well, they live on the other side of the border. Also from the Times:
“It is a ridiculous proposal, but it’s great for us,” said Jean Dekerchove, the manager of Immobilièr Le Lion, a high-end real estate agency based in Brussels. Calls to his office have picked up in recent months, he said, as wealthy French citizens look to invest or simply move across the border amid worries about the latest tax.
“It’s a huge loss for France because people and businesses come to Belgium and bring their wealth with them,” Mr. Dekerchove said. “But we’re thrilled because they create jobs, they buy houses and spend money — and it’s our economy that profits.”
The entire story reminds me of a passage from Rev. Robert Sirico’s latest book, Defending the Free Market: The Moral Case for a Free Economy. In a chapter titled “The Idol of Equality,” Sirico addresses the unsustainable nature of simple redistribution. Instead, business development and job creation are essential–and lasting–tenets of economic growth. From the book:
When most people picture the 1 percent and their wealth, what comes to mind is designer clothing and jewelry, yachts and limousines, mansions and penthouses—all sorts of alluring and attention-grabbing luxuries. Luxuries so distracting, in fact, that we tend to lose sight of the fact that most of the wealth of the wealthiest is invested. It is put to work in the businesses they own and manage, and in stocks and other financial vehicles that provide the capital for countless other businesses. These are the businesses that provide the 99 percent with the goods, services, and employment that they regularly enjoy and often take for granted.
Whether it’s a big automotive plant or a small bakery on the corner, a microchip manufacturer or a family farm, all businesses that produce goods and employ people are owned by someone. It’s businesses that make up most of the wealth of the 1 percent. Confiscating that wealth and giving it to the other 99 percent would mean shifting much of that wealth from investment and production to consumption, since the poor and middle class consume a far higher percentage of their income than the wealthy do. This sudden shift from investment and production to consumption would demolish the infrastructure that makes jobs, goods, and services possible.
Hollande would be wise to read Defending the Free Market. Doing so might save his nation and preserve liberty, equality and brotherhood in the process.
In Rome to address a conference sponsored by the Dignitatis Humanae Institute (Institute for Human Dignity) on June 29, Russian pro-life campaigner Alexey Komov expressed amazement for the support that socialism gets in some quarters in the West even though it has “never worked in world history.” In an interview with the Zenit news service, Komov pointed to how this ideology had caused such great pain and suffering “all in the name of social reform, progress and improvement.” His criticism was also leveled at the “softer version of socialism” of administrations in the West led by President Barack Obama and recently José Luis Rodríguez Zapatero, the former prime minister of Spain.
Komov believes that if you “dig deep enough into the ideological roots of these socialist movements, you end up finding satanic roots in them.” And although only a softer version is prevalent now, “it is still very dangerous,” he says. “I would warn all those people fascinated by socialist ideas that they have never worked in human history — never worked.”
The traditional nuclear family is a particular enemy of socialism, he says, because it is the basic institution that preserves values and passes them on to the next generation. “The state, if it wants to dominate life and the individual from birth to death, needs to destroy the family, because the family is independent of the state,” he argues. “As Marx and Engels said, the family is a repressive, bourgeois institution that needs to be destroyed; they need to get rid of its patriarchal power and that of Christianity because they are the main obstacles of the social revolution.”
Komov’s witness against socialism is all the more timely because of a growing fascination with Marxism in the West. (more…)
Socialism, despite its deficiencies, still has its fans. “Visit the philosophy and English departments on most college campuses, and you will still find intellectuals waxing eloquent on the glories of socialist theory. Students are still encouraged to imagine that it could work,” says Fr. Robert Sirico, in Crisis Magazine.
However, Pope Benedict XVI is not one taken in by the great lie of socialism:
History is strewn with intellectuals who imagined that they could save the world–and created hell on earth as a result. The pope counts the socialists among them, and Karl Marx in particular. Here was an intellectual who imagined that salvation could occur without God, and that something approximating the Kingdom of God on earth could be created by adjusting the material conditions of man.
History, in Marx’s view, was nothing but the crashes and grinding of these material forces. There was no such thing as a fixed human nature. There was certainly no God who is the author of history. There are no permanent themes that follow along moral lines. Rather, we are all merely pushed around by large and impersonal forces. But it is possible to wrest these forces within our control, to our advantage, provided we take the right steps.
Socialism has failed because it fails to understand human nature.
Read the full article here.
On FoxNews.com, Rev. Robert A. Sirico looks at the recent anti-capitalism, anti-NATO protests in Chicago:
In countless debates and conversations with modern proponents of social justice, I have noticed that they are less interested in justice than in material equality. They borrow the language of justice and the common good but have either forgotten or rejected the classical meanings of those terms.
In the classical tradition of reflection on justice (especially seen in Aristotle, St. Thomas Aquinas, and their intellectual descendants) it is clear that inequality—in the sense of unequal wealth or social status—is mostly compatible with justice, because justice is “to give to each his due.”
What one is due, of course, differs from person to person—in addition to those things due everyone: life, dignity, and liberty for example.
When we speak of the idea of the common good, we need to be open-minded about the most likely way to bring it about. The common good is, after all, a range of conditions, not a set of policies. It cannot be achieved by way of the “commonality of goods” proposed by socialists, but rather through the institutions that the socialists worked so hard to discredit.
Read “There is no ‘social justice’ without economic freedom” by Rev. Robert A. Sirico on FoxNews.com.