"On the one hand there is capitalism, an economic system governed by market forces but where economic power is concentrated in the hands of a few who own or control productive capital. On the other hand, socialism, in its many forms, is an economic system governed centrally by a political elite, with even more highly concentrated ownership and economic power. Logically, a 'third way' would be a free-market system that economically empowers all individuals and families through direct and effective ownership of the means of production--the best check against the potential for corruption and abuse." - Norman Kurland. Director, Center for Economic and Social Justice in a letter to the editor published by The Washington Post that challenged the Post's assertion that "there is no third way to prosperity."I have been exchanging emails with Michael D. Greaney, Director of Research at the Center for Economic & Social Justice. I must say, after spending about an hour looking at his material, I am impressed. Check out their main web site:
Center for Economic & Social Justice
And here is a proposal to finance the rebuilding of the areas affected by Katrina and Rita in a manner consistent with Catholic social teaching. According to Greaney,
"The proposal is based on principles detailed in our book, Capital Homesteading for Every Citizen, available as a free download from the web site. Capital homesteading is derived from the social doctrine of Pius XI, particularly as found in Quadragesimo Anno and Divini Redemptoris, and the economic justice ideas of Louis Kelso and Mortimer Adler in their books, The Capitalist Manifesto (1958) and The New Capitalists (1961). Despite the latter titles, what Kelso and Adler discuss is the antithesis of both capitalism and socialism."God knows we need a better economic system for our country than we have now. And God knows that the social doctrines of the Church have not been tried & found wanting in the US., they have not been tried.
This sounds as promising as anything I have seen in a long time. Anybody want to chime in with anything they know or experiences they have had with this or similar efforts?