Jay's Tuesday Free Enterprise Quote - 31 July 2012

By
Home Inspector with Jay Markanich Real Estate Inspections, LLC

"What does 'economic justice' mean, except that you want something that someone else produced, without having to produce anything yourself in return?"

Thomas Sowell

Wow, that sounds like gubment!  But I digress...

Economic justice.  It just sounds good.  It really sounds good!

What is it?

My Oxford dictionary defines "justice" as:  treat or represent someone or something with due fairness.

Again, the question may be asked, what is "due?"

Interestingly, the Center for Economic Justice and Equality defines economic justice as:

"Economic justice, which touches the individual person as well as the social order, encompasses the moral principles which guide us in the design of our economic institutions.  These institutions determine how each person earns a living, enters into contracts, exchanges goods and services with others and otherwise produces an independent material foundation for his or her economic sustenance.  The ultimate purpose of economic justice is to free each person to engage creatively in the unlimited work beyond economics, that of the mind and the spirit."

They call economic justice "The Third Way," beyond, as it were, capitalism and socialism.

This organization sees Economic Harmony as a balance between Participative Justice (input from capital and labor) and Distributive Justice (profits for owners, wages for employees).

What they have defined is FREE ENTERPRISE!  I don't know if that is intentional or not, but FREE ENTERPRISE is thus defined!

We already have determined that FREE ENTERPRISE is moral!  It has to be!  It is the only system that does what this definition states!

And it would do that except...

Except for what?  What Dr. Sowell suggests!  He suggests that the new Doublespeak changes words and concepts from what they are to what sound good!  Economic justice has been changed, especially in the last couple of years, into belonging to a group very, very worthy of gimmes!  An ethereal group very, very worthy of somebody else's production!

Why?  Because keeping what you produce is "rich" and the "rich" have stolen it all anyway.  It is bad to steal! So why not just turn it over to those who "deserve" it?

I have said for years that the debate now is not between conservative and liberal, or even left and right.  Continuing with Dr. Sowell's suggestion, the debate is now between the producers and non-producers, and the achievers and the non-achievers.  The debate is now over REDISTRIBUTION of one group's "stuff" to another group that more deserves it!  The proverbial, and non existent, free lunch.

Going back to the Oxford definition, giving huge percentages of production to the non producers, simply because the gubment decides they "deserve" it is NOT JUSTICE.  Neither group is treated with, as Oxford defines, due fairness.  Read the definition again!

And, according to the Center above, such transference (should we say redistribution?) of production is not a moral principle, or otherwise produces an independent material foundation for economic sustenance.  And such transference (should we say redistribution?) is not Economic Harmony as defined above, for such harmony balances input and distribution!

What then is Economic Harmony? 

FREE ENTERPRISE!  FREE ENTERPRISE IS NOT A THIRD WAY.  IT IS THE WAY.

The key word is FREE...

 

 

 

Posted by

Jay Markanich Real Estate Inspections, LLC  

Based in Bristow, serving all of Northern Virginia.

Office (703) 330-6388   Cell (703) 585-7560

www.jaymarinspect.com


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Topic:
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Groups:
Celebrating Free Enterprise
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Fight Socialism: ActiveRain Economic Bailout Group
Tags:
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Comments 20 New Comment

Rainmaker
203,068
Tom Bailey
Crystal Coast Realty & Home Services, LLC

Jay, Great post and some very good comments. We are in deep sh.... now that only 49% are paying all the taxes. The 51% will be voting themselves even more of our wealth.

August 01, 2012 05:35 PM
Rainmaker
1,167,627
Jay Markanich
Home Inspector - servicing all Northern Virginia
Jay Markanich Real Estate Inspections, LLC

That 51% has been the goal for a long time Tom.  It is incredible to think that this could happen.

If you haven't read Atlas Shrugged, written I think 1951, you would enjoy it.

August 01, 2012 05:59 PM
Ambassador
1,892,876
Steve Hoffacker
New Home Sales Trainer/Coach, Sales Books Author
Hoffacker Associates LLC

Jay,

Congratulations. This post is now featured in "Celebrating Free Enterprise." :)

Steve

August 01, 2012 10:10 PM
Ambassador
1,892,876
Steve Hoffacker
New Home Sales Trainer/Coach, Sales Books Author
Hoffacker Associates LLC

Jay,

Looking forward to next week's post. I know it'll be great. :)

Steve

August 01, 2012 10:10 PM
Rainmaker
1,167,627
Jay Markanich
Home Inspector - servicing all Northern Virginia
Jay Markanich Real Estate Inspections, LLC

Thank you Steve.  Next week will focus on Uncle Miltie.  I think that would only be appropriate.

August 02, 2012 03:12 AM
Rainmaker
1,167,627

Jay Markanich

Home Inspector - servicing all Northern Virginia
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An experienced home inspector's look at current home inspection events and conditions along with his useful recommendations.