I‘ve been the voice of a large number of people in government for 18 years.
During those years, I have voted many times on economic issues. I have a couple of beliefs about government that inform those votes — as well as the others I cast.
1. I am the voice of the people I represent. I must put their interests ahead of all others. At the same time, I feel that their interests are always best served by a just and stable government, because
2. A just and stable government is always the greater good. Look around the world and you will see the human suffering and death the comes from unjust and unstable governments. My constituents deserve a representative who works toward a just and stable government, because that one thing will predicate for better lives for them, all by itself.
3. Government should serve the people, not itself and not special interests. Most elected officials today are beamed into office on a beam of special interest money. These elected officials, represent the special interests who paid for their elections and put them in office. Even though this is legal, it is corrupt. It is also diametrically opposed to the premise I stated: Government is meant to serve the people, not special interests.
These are the parameters I use to decide how I vote. I have a master’s degree in business management, which means that while I am not deeply educated in economics, I do have a passing acquaintance with how economics works in real life. Despite that, I do not place any economic theory at the head of my list in how I vote on issues, including economic issues.
The reason for this is that I consider all economic theories to be tools that are useful so long as they work for the good of the people. They are not a holy grail and they should never be put ahead of the greater good of a just and stable government.
I also believe that Capitalism, as well as all other economic systems, is amoral. Not, notice, immoral. It is an economic system, not a moral system. As such, it stands behind the Gospels and the teachings of the Church in my considerations. I don’t judge the Gospels or the teachings of the Catholic Church by economic theories. I judge economic theories by the Gospels and the teachings of the Catholic Church.
That leaves a lot of room for individual ideas and understanding about economic issues. The teachings of the Church are not a 1, 2, 3 blueprint that we must follow as we craft our solutions to the economic problems that beset us. They are rules about what we should place first in our considerations. The teachings of the Church tell us how to get to heaven. Their first rule about economics is that if we want to go to heaven we should put the good of people, of human beings who are made in the image and likeness of God, in first place.
That will not lead us to the same conclusions. On the contrary, it opens the way for fruitful discussion and creative thinking. Two good people who are both committed to Christ and who both are trying their best to do the right thing can look at the same situation and come up with diametrically opposed ways of dealing with it. That does not make either one of them wrong. It also does not make either one of them evil. It makes both of them human.
I believe that the best solutions in government and in life come about when we remember this and listen to one another respectfully and try to find a middle way between our competing ideas. I can change my mind, and if you can change your mind, we can learn from one another and come up with solutions that are far better than either one of us would find on our own.
The thing that is lacking in our current debate on almost every issue, including economics, is a mutual commitment to the common good rather than the good of whatever viewpoint or special interest we are espousing. The thing that is lacking in the economic theorizing of some Christians is a proper reverence for Jesus Christ as Our Lord.
There are Christians, both on the left and the right, who have left the Gospels and made a false god of this or that economic theory. Instead of judging their economic ideas by the Gospel, they are judging the Gospel by their economic theory. Many of them (again, on both the left and the right) have cherry-picked the Scriptures to find verses and admonitions which they then use to deify their ideas. This is idolatry. It is also heresy.
Put Jesus back on the throne and look at your politics as one way you live out your call to follow Him. Do the same with your ideas about economics. If people would do that, we’d find solutions to all our problems and get this nation back on track. If they don’t, we are going to continue our spiral down.
To get back to me, if you look at my votes, I think you will see that I am basically an Oklahoma populist in matters of economics.
I believe that capitalism is the best economic system people have come up with so far. However, I don’t think that capitalism, as some people who get worked up about it see it, exists outside of a few on-line chat rooms and the definitions of economic systems in intellectually shallow textbooks. It’s a bit like absolute vacuum; a good working construct that does not exist outside of theory.
What we do in real life is spend most of our time passing laws for business interests that allow them to gain an advantage over their competitors. Almost all the “pro business” legislation that I have seen in the past 18 years was of this type. Likewise, the tax cuts that I have voted against in the past few years were all weighted to give tax cuts to the people at the top of the column and not those at the bottom.
I would have voted for most of these bills if the people I represent had actually gotten a tax cut from them. However, they did not. That has been true of tax cuts at the federal level, as well.
How does that jibe with my idea that a just and stable government is always the greater good? First of all, tax cuts that only favor those at the top are unjust by definition. I also do not believe that they are good economics.
There are a couple of economic theories, both of which are capitalist in origin, about how to generate growth in an economy with tax cuts. One, which I do not subscribe to, is that if you enrich the small segment at the top of the economic ladder, their wealth will “trickle down” to those below. (I am aware that the trickle down theory applies to far more than tax cuts.) The other is that if you put money in the pockets of those in the working and middle classes, they will buy more goods and generate growth through their purchasing power.
I am personally persuaded that, in terms of economic growth and taxes, many people at the bottom end of the working class have become so close to subsistence level that they place any extra monies on survival items such as getting their utilities current or fixing the broken window in their car.
What I am saying, (and this is a frightening prospect in economic terms) is that a large section of the working class of our economy, who are gainfully employed, many times working several jobs, is verging on being unable to generate growth of the larger economy because they are too poor. That, in itself, is an indictment of our economic policies of the past few decades.
So far as generating economic growth with tax cuts is concerned, my personal feeling is that the most economic stimulus will come if the tax cut benefits the people in the middle class and the upper working class. Sad to say, the lower working class is verging toward the unemployed in that they need assistance to survive and as such don’t generate much growth with their purchasing power.
Given all that, I guess you could say that I am a bit of a trickle up person in my economic beliefs.
This goes back to my ideas about a Christian approach to economics. It also broadens the discussion beyond the question of tax cuts. I think that a Christian approach to economics has to be based on the same premise as the one I use to make decisions about the sanctity of human life. Those decisions are based on the idea that people are more important than any other consideration.
Government exists for people. Economics exists for people.
Government and economics (you cannot have modern economics without government) exist to serve the people. As such, a respect for the rights of private property is a basic delimiter of good government. People need and want their own things about them. They need homes that are theirs and a place in the world that belongs to them.
The means of making a living, be that a computer, a car, a sewing machine or an 18-wheeler, are a form of private property that people should also have. When those means become factories and patents and vast corporate enterprises, the same rules of private property that apply to individuals also apply to them.
But when this basic right to private property becomes a means of depriving vast numbers of people of their own homes and their own ability to make a living, then it has to be moderated by regulation and tax structures that provide a hope and a future to everyone. I am not talking about attacking capitalism. I am talking about a more level playing field that allows everyone to be a capitalist.
Capitalism, when it becomes a vast corporate hegemony that is linked to the power of government that works at its behest, is no longer capitalism. It is fascism. Look it up in your economics 101 text book.
Capitalism that has morphed into corporate fascism, which is the wedding of government and corporate power so that government no longer serves the people, must be dealt with as the unhealthy thing that it is. There is no place in a just and stable government for corporate fascism.
This has nothing to do with free markets or the right to private property. It is the antithesis of them, since it concentrates the entire mechanism for earning a living and all the wealth of a society, as well as the power of government, in a few hands.
I think government should serve the people. I think that a just and stable government is always the greater good.
Corporate fascism, or as Popes Benedict XVI and John Paul II called it, “corporatism,” does not do these things. It serves the corporations and it tends toward instability in government. It is unjust by definition.
These are the parameters I use for trying to apply economics in a Christian way. I am writing this so that those of you who feel so strongly about these issues can tear into me, instead of the Pope. I can’t abide people attacking Pope Francis on this blog. But you can go at me and it doesn’t upset me so much.
Have at it friends.