The Just Third Way

A Blog of the Global Justice Movement

Thursday, August 25, 2016

Is the United States the Enemy of Freedom and Democracy?


Recently we came across a (relatively) new weekly webzine, the New World Standard Critique (Many Perspectives, One Focus).  One of the most recent articles was “Gorbachev Accuses U.S. for Preventing Russia from Becoming a Strong Democracy.”  Gorbachev is quoted in an interview as stating that the “goal [of the U.S.] was . . . to prevent the emergence of Russia as a powerful democratic state.”
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Wednesday, August 24, 2016

“A Look at the Future”, III: Financing the Future


Yesterday we looked at a few problems with Harold G. Moulton’s vision of the future.  They were not very important, and are easily corrected simply by adding expanded capital ownership along the lines developed by Louis O. Kelso and Mortimer J. Adler.
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Tuesday, August 23, 2016

“A Look at the Future”, II: Labor Productivity?


Yesterday we started looking at Harold G. Moulton’s vision of the future.  What we saw was good and positive.  Today, however, we look at something with which we disagree, and why we say that, for all his genius, Moulton would have benefited from a conversation with Louis O. Kelso.
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Monday, August 22, 2016

“A Look at the Future”, I: Star-Gazing?


Will Rogers once said all he knew was what he read in the papers.  We can’t help wondering how much more people would know today if they could say that much.
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Friday, August 19, 2016

News from the Network, Vol. 9, No. 32


Despite the dog days (or, for dog lovers, the cat days . . . except there’s no Cat Star to counter Sirius), there has been a good amount of action this week, starting off with a group that has republished some important articles, and all without having to be asked:
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Thursday, August 18, 2016

Let’s Talk About . . . Job Creation


It’s a standard political promise.  “Vote for me instead of The Evil Candidate and I will create a gazillion new jobs!”  “Vote for me instead of The Stupid Candidate” and I will create a humongoid number of jobs!”  “Vote for me instead of The Evil or The Stupid Candidate and I will make every child, woman, and man a capital owner so that everybody gets an adequate income from capital, labor, or both, whichever best serves the needs of the individual and the community together!”
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Wednesday, August 17, 2016

The Gold Standard? Which One?


A number of people believe that all of our financial and monetary problems — and economic ones as well — would be solved if we just went back to “the gold standard.”  Some people dismiss this as sheer fiscal romanticism, while others think it’s the only way to go.  There’s enough truth in either extreme to make both positions plausible . . . as long as someone doesn’t understand money, credit, banking, and finance.
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Tuesday, August 16, 2016

About That Income Tax. . . .


Everybody (okay, a lot of people) in the United States think that the Sixteenth Amendment to the Constitution made an income tax constitutional.  If we could just get rid of that, everything would be perfect for everybody, just as it was in 1912 before anybody had even thought of an income tax . . . wouldn’t it?
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Monday, August 15, 2016

Usury Question and Answer


As loyal readers may have noticed, we like to get those softball questions to answer . . . you know, the kind from people who clearly don’t know what they’re talking about, but who “jus’ gotta” show somebody else up.  Next best, of course, are those who make a snarky comment asserting something that we know isn’t true.  Take for instance the following comment we got in response to someone coming across our ideas on monetary reform, i.e., interest-free money and the Banking Principle:
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Friday, August 12, 2016

News from the Network, Vol. 9, No. 31


This week, for some reason, Illinois has been popping up on the radar.  This is interesting, because a number of Just Third Way projects and initiatives have come out of the Prairie State, such as the proposal to revive East St. Louis and the Metro East area.  Plus, the state covers pretty much the entire U.S. economy in microcosm, with important urban areas not far from agriculture and mining.  That’s why most of this week’s news items are Illinois-centric:
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Thursday, August 11, 2016

Future Schacht, XIV: Schacht v. Hitler


Up to a point, Doctor Schacht’s career duplicated that of any typical German of his era.  During Hitler’s rise to power, he was an enthusiastic supporter of the future Chancellor, using his prestige in the business and financial community to solicit signatures for a petition to have Hitler appointed Chancellor, going to the length of urging the current Chancellor, Franz von Papen, to resign in Hitler’s favor.
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Wednesday, August 10, 2016

Future Schacht, XIII: Understanding Money


To understand the importance of Hjalmar Schacht, we have to understand money, and that means understanding property.  Money, as it is a medium of exchange of wealth and claims to (i.e., “property in”) wealth, is naturally an extension of and derivation from the concept of property.  Destroying the integrity of property therefore eventually destroys other human rights, as well as the currency, and even the concept of money.
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Tuesday, August 9, 2016

Future Schacht, XII: The Decay of Private Property


As we have seen in this series, while the rest of the world quickly rebounded from the brief recession following World War I, Germany, Austria, and Hungary plunged into what seemed a bottomless pit of despair.  If there is any question as to why a people so eminently civilized as the Germans permitted someone like Adolf Hitler to come to power, one need look no further than the unmitigated horror that the nation endured in the early 1920s.  Ground between the upper and nether millstones of reparations and hyperinflation, people were willing to follow anyone who could promise them order and security again.
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Monday, August 8, 2016

“I’m New to Distributism”


Last week we had such a positive response to the “G.K. Chesterton v. Modernism and Socialism“ posting that we decided to do another one.  This is not shameless pandering just to get more readers.  Okay, so it’s shameless, but it’s not pandering.  First, we’re not acting as a go-between in an illicit sexual intrigue, and second, we’re not catering to the lower tastes and desires of others or exploiting their weaknesses . . . unless, of course, you consider a taste for things Chesterton a lower taste, desire, or weakness.  There you might have us.
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