Please listen to http://www.acton.org/daily/nowatacton_200709051337.php
1. The Piety Fallacy: Good intentions are all that matter. Piety is no substitute for technique. Good intentions are no substitute for good consequences. God holds us accountable for our intentions, but public policy should help people regardless of the nature of intentions. God asks us to love him with all our mind too, so he holds us responsible for the manifest consequences of our actions (something apprehended by the mind). (e.g. rent control, child labor)
2. The Freeze Frame Fallacy: Assuming certain trends or demographics will always stay the same. A single point in time and place is not representative of all reality. Things change. Life is not static. (e.g. population growth)
3. The Artsy Myth: Confusing aesthetics and economics; attributing ugliness or harshness to the free market. Such aesthetic judgments may be true, but such judgments should not be made in isolation, cut-off from economic realities. But poverty is not pretty either. Beauty is expensive; don’t punish the poor just so you have something nice to look at or feel good about something. Heed Maslow’s hierarchy of needs: physical needs come before aesthetics. (e.g. corporations like Wal-Mart)
4. Zero-Sum Game Myth: If I become rich, doesn’t that make someone else poor? The wealth of the First World causes the poverty of the Third World. Economics is not like chess, checkers, sports, or war. The free market (and free trade) is a win-win game overall, not a win-lose game, though not everyone ends up on top. Our GDP goes up over time and correlates to free trade. The pie is not static; it grows.
We are created in the image and likeness of God. God is a creator and so are we! We are his co-creators, and so there is nothing evil about business or production. Rather business people imitate the creative nature of God in providing goods and services.
Bill Gates of all people should know how wealth is created and yet even he doesn’t get it. Rather than making the Third World productive, he would prefer to make the Third World dependent and thus permanently vulnerable to poverty.
Is all this talk about income inequality merely a reflection of the entrenched materialism in our culture that in turn fosters envy and jealousy of others success and wealth? Most likely. One can reduce envy by making everyone poor (a possibility) but not by making everyone rich (impossible).
People who are taxed the highest give the least to charity. Conservatives give more to charity too (http://www.arthurbrooks.net/index.html). Compassion literally means “to suffer together.” It is hard to suffer with the poor using someone else’s money.
What is the moral relevancy of a person who becomes wealthy through free exchange? None.