In the previous part of this series, I gave a detailed comparison of the views of John Locke and Pope Leo XIII on the state of nature, the origin of private property, and the proper use of private property. In this final part, I want to make a few more points regarding what I think can be called “Lockean” thought, at least as it exists in contemporary America, explore the relationship between the Catholic Church and the United States, and explain why I think all that has been considered thus far is relevant for our political situation today.
(Content advisory to the above video. A few of the Rules of Acquisition are off-color. You know what the Ferengi are like.)
We have been having a debate recently on The American Catholic between Austrians and Distributists. As a devotee of free enterprise with as little government intervention as possible, I have found some wisdom in the Ferengi Rules of Acquisition as set forth in one of my favorite fictional realms: Star Trek. Many of the Rules of Acquisition of course are merely for entertainment purposes and would lead to immoral results, if not bankruptcy or prison, if attempted in reality. However, after a quarter century of running my own business, I believe these rules are insightful:
Few things are more annoying to me than the obstruction of both semantic quibbles and logical fallacies to a clear understanding of reality. Thus my experience as a Distributist has become one of near-perpetual annoyance, given the proliferation of both throughout the Distributist camp. Here I want to address a few of the latest examples of this obstruction, and provide some insights as to how and why it ought to be overcome.
First, there is John Medaille’s interview with the Young Turks, in which he declares that one cannot be in favor of both free markets and capitalism, simply because he has defined a free market as a situation in which there are vast numbers of competitors, and capitalism as a situation in which economic power has been concentrated in the hands of a few large firms. When challenged on this distinction by the interviewer, who asserted that capitalism could be defined as a free market economy while this economic concentration could be defined as corporatism, Medaille essentially had no choice but to agree. He then decided to add that “the capitalism we have” is what he claims to be talking about, regardless of how one wants to “define it in the abstract.”
By answering in this way, however, Medaille might leave you with the impression that people who claim to be in favor of capitalism aren’t interested in criticizing that which “we have”, when it is beyond obvious to anyone who actually reads the material of self-identified pro-capitalist organizations such as the Mises Institute that they view “what we have” as corporatism or statism or state-capitalism or some variation on that theme, and oppose it as well.