Okay yesterday I highlighted a few lines from some of the pages….today I am going to continue this train of thought. Basically by me sharing my own notes it helps me think about all I read and how I feel on the matter and then share where I am at on the topic….
The moral theory of capitalism if I am understanding it correctly is that large companies (ie: Walmart) equals eliminating competition.
On page 110 it discussed how…..”it is important that businesses and communities have the right to create their own money. Indeed the right of money creation is a right of any goods producing community…..”
***I think what the book (The Hound of Distributism) is trying to say is that we have the right to provide for our community by doing for each other….supporting each other in small business ventures….and when big companies come in to snuff out the little guy then we are not generating our own value…our own revenue.
Page 115 starts a new section: THE PARTICIPATIVE ECONOMY BY PHILLIP BLOND”
Thus on page 117…..”….what we have produced as a result from the Right is a whole ideology of competition but no competitors. We have created a condition in which large businesses dominate, via a rigged market of rank seeking capital.
Page 123…DISTRIBUTISM, THE COMMON GOOD AND THE REJECTION OF TOTALITARIANISM….
Page 130…distributism is determined to rebuild the economic sphere in society…so that it does not encompass the entirety of human existence or impede the search of the common good…
Therefore I leave us with this thought today:
BIG MONOPOLIES MIGHT BE ABLE TO REDUCE COST OF PRODUCTION BUT IT MEANS AT THE EXPENSE OF SOCIETY (LOWER WAGES, OUT-SOURCED PRODUCTION, LOSS OF LOCAL JOBS, ETC) WHILE MAINTAINING HIGHER PROFIT!
I personally believe that a larger number of small businesses is better for the economy and better for the people.
Many hugs and blessings dear readers…family…friends…