Contradictions of Capitalism
Re: Koreans still cautious with their cash
Thrift is bad for the economy while consumerism is good for the economy. Yet, thrift is a virtue and consumerism is wasteful. Still, Socialism is even worse than Capitalism. I guess we'll have to come to terms with the fact that an economic utopia is impossible in this fallen world. Messianic capitalists are as bad as messianic socialists. Capitalism tempered by Catholic Social Teaching is the best of the available options.
Anyone with a better understanding of ecomonics, please leave comments.
Re: Koreans still cautious with their cash
Thrift is bad for the economy while consumerism is good for the economy. Yet, thrift is a virtue and consumerism is wasteful. Still, Socialism is even worse than Capitalism. I guess we'll have to come to terms with the fact that an economic utopia is impossible in this fallen world. Messianic capitalists are as bad as messianic socialists. Capitalism tempered by Catholic Social Teaching is the best of the available options.
Anyone with a better understanding of ecomonics, please leave comments.
Redeemed by Our Savior, I work out my salvation with fear and trembling in Pohang, South Korea, where I live with my wife, daughter, and son and teach English at a science and technology university. Baptized a Methodist and raised a Missouri Synod Lutheran in Buffalo, NY, I spent six years as a guest of the Anglican Communion before being received by the Grace of God into the One Holy Catholic and Apostolic Church on the Feast of Saint Andrew, my patron, anno domini 2002.
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