tag:blogger.com,1999:blog-2778743155448259302.post2544603359994098863..comments2023-01-17T08:20:40.994-08:00Comments on Practical Distributism: A Road Not TakenDavid W. Cooneyhttp://www.blogger.com/profile/03447605091816577300noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2778743155448259302.post-79751260251637533722021-12-13T13:29:12.032-08:002021-12-13T13:29:12.032-08:00Mike, Thanks for your comment. As to your specific...Mike, Thanks for your comment. As to your specific question, although I don't think the stock exchange performs any useful social or economic function, given that it exists, I don't think it's necessarily wrong to own stocks. But I also think that "playing the market," i.e., constant or frequent buying and selling of stocks in order to maximize one's gains is not a good activity and tends to orient our souls in the direction of seeking riches. Cf. 1 Timothy, 6:8-10.<br /><br />Thomas StorckThomas Storckhttp://www.thomasstorck.orgnoreply@blogger.comtag:blogger.com,1999:blog-2778743155448259302.post-78863705294302895642021-12-09T10:46:37.278-08:002021-12-09T10:46:37.278-08:00Wow. Just wow. Lots of "traditional" Cat...Wow. Just wow. Lots of "traditional" Catholics and evangelicals say socialism is evil, but the assumption (stated or otherwise) is that capitalism is a "good", even if there are some flaws and abuses-;it's still essentially good- but you're saying this is a flaw. This will upset many of my traditional friends. Does this mean it is wrong to invest in the stock market? What investments are legit? Lots of tentacles here!I Mikehttps://www.blogger.com/profile/08239001958051825096noreply@blogger.comtag:blogger.com,1999:blog-2778743155448259302.post-17748677985142245792021-06-18T14:11:02.122-07:002021-06-18T14:11:02.122-07:00I think the reason why capitalism is explicitly co...I think the reason why capitalism is explicitly condemned here is that Count Dalla Torre uses a slightly different definition of capitalism from that used in Quadragesimo Anno. He defines it as "the dominion of capital as represented by money and by market value" and as "the separation of those who provide the capital and those who contribute to production exclusively by their labor," whereas in QA Pius XI means by capitalism only the second part, the separation of ownership and work. But in practice, in most places, capitalism means both things and especially in the U.S. the capitalist spirit has deformed society and turned it into a vast market in which money rules.Thomas Storckhttp://www.thomasstorck.orgnoreply@blogger.comtag:blogger.com,1999:blog-2778743155448259302.post-81066968486580862142021-06-12T06:23:28.015-07:002021-06-12T06:23:28.015-07:00A great article! I know many traditionalists who p...A great article! I know many traditionalists who point out that "capitalism" is not condemned /by name/ in Leo XIII and Pius XI, so it is good to see an early source for such a condemnation. Also, I love the phrase "morbo sociale".Sean Domencichttp://tradistae.comnoreply@blogger.com