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  1. Samuel J. Howard
    July 28, 2017

    “…his consequentialist approach treats the market as an effective means of maximizing social welfare while not ignoring the market’s imperfections.”

    The fact that most serious libertarians and classical liberals treat the market as “an effective means of maximizing social welfare,” but this seems to be lost by some polemicists on both sides who argue that this school or that school doesn’t care about the common good.

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  2. […] As I have discussed before, for Carter, almost any form of public regulation of the market is “socialism,” which in effect means that the guidance offered up by Leo XIII, St. Pius X, Pius XI, Pius XII, etc. all falls under the banner of socialism since all of their writings contemplated the need for the state to step in under various circumstances to uphold the common good. As such, it is difficult to take his critiques very seriously. Perhaps he wrongly thinks that if he refers to a certain idea or instruction as “socialist,” it will instantly send Catholics running for the hills lest they be sullied by so terrible a term. Or maybe Carter thinks that he can lean on the Church’s longstanding condemnation of socialism in order to propagate the (false) idea that capitalism and capitalism alone provides the only sure and faithful path for Catholics to follow if they wish to fulfill the precepts of the Church. Certainly there are some Catholics like that, but their error cannot be taken as received wisdom. While socialism must be resisted at every turn, so does capitalism. This is what Carter cannot or will not understand. For him there are only two paths present, but those who are willing to open their hearts and minds to the Church know better. […]

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