“The questionable things of this world come to grief on their nature, the good ones on their own excesses. Conservative respect for the past and its preservation are indispensable conditions of a sound society, but to cling exclusively to tradition, history, and established customs is an exaggeration leading to intolerable rigidity. The liberal predilection for movement and progress is an equally indispensable counterweight, but if it sets no limits and recognizes nothing as lasting and worth preserving, it ends in disintegration and destruction. The rights of the community are no less imperative than those of the individual, but exaggeration of the rights of the community in the form of collectivism is just as dangerous as exaggerated individualism and its extreme form, anarchism. Ownership ends up in plutocracy, authority in bondage and despotism, democracy in arbitrariness and demagogy. Whatever political tendencies or currents we choose as examples, it will be found that they always sow the seed of their own destruction when they lose their sense of proportion and overstep their limits. In this field, suicide is the normal cause of death.”
From A Humane Economy, p.90
In one paragraph, this man has encapsulated everything I believe.
The relationship between markets and morality has been the subject of analysis and sometimes intense debate for centuries, since Aristotle wrote chapter 1 of The Politics and possibly sooner. I myself have participated in many of these debates, and the position I would typically take is that markets were either amoral at best, or a cause of vice at worst. There are many Catholics and many Distributists who probably share the same view. They will concede and even embrace the fact that the Papacy has not categorically condemned market activity, but they will spend the majority of their time highlighting why markets ought to be regulated and taxed, why we need welfare programs, labor unions, and all of the rest.
I have written extensively against a phenomenon called consumerism, which is also heavily critiqued in the Papal encyclicals. But it would be wrong to associate consumerism, which is a byproduct of mass production and communications technology, with market activity as such, since it pre-dates industrial society by thousands of years.
Today is Bastille Day, typically associated with the start of the French Revolution. In honor of that blessed event, I offer up this classic piece by John Zmirak:
Remember when the L.A. riots spun out of control, and engulfed the whole United States? The key moment was no doubt when police and Army commanders took fright and changed sides, throwing their support to the Committee for Public Safety led by Tom Hayden, along with Noam Chomsky, Barbara Boxer, Michael Moore, and Edward Said. After Hayden’s fall and execution, his successor, Marion Barry, insisted that President Bush and his wife Barbara be tried for treason. Their executions shocked the world but sparked wild celebrations in the capital, as the First Couple’s severed heads danced on poles in daylong parades. A crack whore was duly enshrined in the National Cathedral as the Goddess of Reason.