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Barnett on Sirico and Rediscovering Political Economy

Discussion in 'OBOB General Politics Forum' started by Michie, Nov 19, 2011.

  1. Michie

    Michie Member of the manipulation resistance team X2 Supporter

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    Rediscovering Political Economy is the title of a book recently published by Lexington Books, edited by Joseph Postell and Bradley C.S. Watson, and including an essay by Fr. Robert Sirico. The Spring 2012 issue the Journal of Markets & Morality will feature a review of the book by Tim Barnett, an associate professor of political science at Jacksonville State University.

    Since that’s too long to wait for Prof. Barnett’s astute observations, we post here an edited and abridged version of the full review.
    Continued- http://blog.acton.org/archives/27483-barnett-on-sirico-and-rediscovering-political-economy.html
  2. Fantine

    Fantine Dona Quixote

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    We certainly could have a smaller government if private companies and public services offered a benefits package to their employees which made programs like Social Security, Medicare, Medicaid, etc. unnecessary.

    My parents, for example, probably could have done fine without Social Security. They worked for employers with defined benefit pension plans, and worked for the same employer all their lives. They had generous pensions and paid health insurance (eventually a Medicare supplement was provided.) Dental, even eyeglasses.

    When my father broke a bone late in life and had two months of hospitalization and rehabilitation, my family didn't pay a penny in deductibles or expenses.

    But we don't have those kind of companies, the kind of companies that, God bless them, labor unions fought for.

    Not only do many not provide pensions and health insurance (especially the smallest businesses) but most offer no job security whatever.

    I would dream of a smaller government if there were good companies out there.