Tuesday, January 7, 2014

# 754 (1/7) Why the Pope Is Wrong About Capitalism

NEWS ALERT! - Hospital Releases Jahi McMath to Family After Threatening to Remove Her Life Support - by Steven Ertelt | Oakland, CA | LifeNews.com | 1/6/14; http://www.lifenews.com/2014/01/06/hospital-releases-jahi-mcmath-to-family-after-threatening-to-remove-her-life-support/

SIGN A PETITION TO THE UN FOR THE PROTECTION OF CHRISTIANS :" The church in Syria has shone brightly for 2,000 years. But today violence and persecution threatens its survival. Thanks to an incredible response, Open Doors is helping 8,000 families in Syria survive each month. We believe the signatures and prayers of 500,000 people will encourage the UN to act and protect the rights and lives of all Syrians, especially the vulnerable Christian community." Go to: http://lp.opendoorsusa.org/emails/nov-13-action/save-syria.html?utm_source=action&utm_medium=email&utm_content=button&utm_campaign=november

WORLD-WDE PRAYER REQUESTS:
NEWS ALERT: Oct. 23: "Christians Fleeing IRAQ Area Once Considered Safe," - CBNNews.com, http://www.cbn.com/cbnnews/world/2013/October/Christians-Fleeing-Iraq-Area-Once-Considered-Safe/ PRAY that believers in Iraq will know God's protection and provision; that believers will know[ whether they are called to flee or remain and persevere; and that their persecutors  may come to hear the gospel and come to faith in Christ. - Stan] 


Continue to Pray for EGYPT Continue to pray for the tense situation in Egypt and especially for the Christian believers who are being targeted with violence by Muslim Brotherhood members.]  

Update on Kenneth Bae: "US Ready to Bargain with N. Korea for Bae's Release,"-  CBNNews.com,  Aug 14, 2013  http://www.cbn.com/cbnnews/world/2013/August/S-Ready-to-Bargain-with-N-Korea-for-Baes-Release/  - The United States is willing to engage North Korea to secure the release of imprisoned American Christian Kenneth Bae. State Department spokeswoman Marie Harf said the United States is "willing to consider a number of different options" to bring him home.In a video recently released by a North Korean newspaper, Bae requested the United States send a high-ranking official to North Korea to seek his pardon. It is unclear if he spoke of his own volition in the video. Bae, 45, was sentenced to 15 years of hard labor for sharing his faith. He suffers health problems such as diabetes and is currently hospitalized.[PRAY for 1) God's healing of and presence with Pastor Bae, 2) His earliest release by the North Korean government, and 3) God's comfort for his family and friends.] 

NEWS ALERT: Monday, November 04, 2013 Saeed's Life in [Greater] Jeopardy After Prison Transfer - CBNNews.com, ; http://www.cbn.com/cbnnews/world/2013/November/Saeeds-Life-in-Jeopardy-after-Prison-Transfer/ IRAN - Vigils Mark One Year Imprisonment of Pastor Saeed - CBNNews.com, Thursday, September 26, 2013 - Today marks one-year that American pastor Saeed Abedini has been held in an Iranian prison. He is serving an eight-year sentence because of his Christian faith. It has been a year of torment as he has suffered beatings, physical pain from untreated medical conditions, and separation from his wife and two children... The suffering has not dampened his passion for Jesus. Pastor Abedini has led more than 30 prisoners to Christ during his time in prison. This afternoon, thousands of Americans from coast to coast will pray for his release. Events will be held in 40 states at capitols, city halls, parks and churches. Thousands more will join from 15 nations around the world 
PRAY: - For comfort and peace for Saeed’s wife and children here in the U.S.\
- For a strong witness and testimony from Pastor Abedini in the prison where God has placed him
- For Christians around the world who are being persecuted for their faith in Christ
- BOLDly (Beside Our Leaders Daily) for leadership from the White House and State Department in defending the freedoms of Abedini and other Americans
- GO TO SaveSaeed.org to sign a petition over 600,000 others asking for his immediate release
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"The Pope and Capitalism"Walter E. Williams | Dec 18, 2013; http://townhall.com/columnists/walterewilliams/2013/12/18/the-pope-and-capitalism-n1763931/page/full



Pope Francis, in his apostolic exhortation, levied charges against free market capitalism, denying that "economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world" and concluding that "this opinion ... has never been confirmed by the facts." He went on to label unfettered capitalism as "a new tyranny." Let's look at the pope's tragic vision.

First, I acknowledge that capitalism fails miserably when compared with heaven or a utopia. Any earthly system is going to come up short in such a comparison. However, mankind must make choices among alternative economic systems that actually exist on earth. For the common man, capitalism is superior to any system yet devised to deal with his everyday needs and desires.

Capitalism is relatively new in human history. Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. With the rise of capitalism, it became possible to amass great wealth by serving and pleasing your fellow man. Capitalists seek to discover what people want and produce and market it as efficiently as possible as a means to profit. A couple of examples would be J.D. Rockefeller, whose successful marketing drove kerosene prices down from 58 cents a gallon in 1865 to 7 cents in 1900. Henry Ford became rich by producing cars for the common man. Both Ford's and Rockefeller's personal benefits pale in comparison with that received by the common man by having cheaper kerosene and cheaper transportation.

There are literally thousands of examples of how mankind's life has been made better by those in the pursuit of profits. Here's my question to you: Are people who, by their actions, created unprecedented convenience, longer life expectancy and a more pleasant life for the ordinary person -- and became wealthy in the process -- deserving of all the scorn and ridicule heaped upon them by intellectuals, politicians and now the pope?

Let's examine the role of profits but first put it in perspective in terms of magnitude. Between 1960 and 2012, after-tax corporate profit averaged a bit over 6 percent of the gross domestic product, while wages averaged 47 percent of the GDP. Far more important than simple statistics about the magnitude of profits is its role in guiding resources to their highest-valued uses and satisfying people. Try polling people with a few questions. Ask them what services they are more satisfied with and what they are less satisfied with. On the "more satisfied" list would be profit-making enterprises, such as supermarkets, theaters, clothing stores and computer stores. They'd find less satisfaction with services provided by nonprofit government organizations, such as public schools, post offices and departments of motor vehicles.

Profits force entrepreneurs to find ways to please people in the most efficient ways or go out of business. Of course, they can mess up and stay in business if they can get government to bail them out or give them protection against competition. Nonprofits have an easier time of it. Public schools, for example, continue to operate whether they do a good job or not and whether they please parents or not. That's because politicians provide their compensation through coercive property taxes. I'm sure that we'd be less satisfied with supermarkets if they, too, had the power to take our money through taxes, as opposed to being forced to find ways to get us to voluntarily give them our earnings.

Arthur C. Brooks, president at the American Enterprise Institute and author of "Who Really Cares," shows that Americans are the most generous people on the face of the earth. In fact, if you look for generosity around the world, you find virtually all of it in countries that are closer to the free market end of the economic spectrum than they are to the socialist or communist end. Seeing as Pope Francis sees charity as a key part of godliness, he ought to stop demonizing capitalism.

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