Tuesday, October 18, 2005

Rebuilding the Gulf Coast the Third Way

Got an email from Michael Greaney of the Center for Economic and Social Justice, about the center's project to rebuild the Gulf Coast areas that were devastated by Hurricane Katrina and Rita "in a manner consistent with Catholic social teaching and without putting everything on the backs of the taxpayers while at the same time embodying a preferential option for the poor."

This rebuilding project would use a method called "capital homesteading".

Greaney writes:
"Capital homesteading is derived from the social doctrine of Pius XI, particularly as found in Quadragesimo Anno and Divini Redemptoris, and the economic justice ideas of Louis Kelso and Mortimer Adler in their books, The Capitalist Manifesto (1958) and The New Capitalists (1961). Despite the latter titles, what Kelso and Adler discuss is the antithesis of both capitalism and socialism."

Umm ... okay. I'm a person of prayer not economics, and, frankly, haven't the background to form an opinion on CESJ, I'm just passing this along in case anyone's interested.