| Subject: | [socialcredit] Rupert Ederer | | Date: | Sunday, September 11, 2005 10:50:32 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
|
"Dr. Rupert J. Ederer received his PhD in Economics
from St. Louis University. He is professor emeritus of
economics from State University of New York College at
Buffalo."
------------
From the "Houston Catholic Worker":
http://www.cjd.org/paper/wages.html
...Economist Rupert J. Ederer, steeped in Catholic
Social Teaching, points out the problem in these
attempts at revisionism in a recent edition of Pro
Ecclesia. Ederer challenges the Social Justice Review
and the CESJ group's published idea that "Discussions
on 'just wage' or 'family wage' must give way to
access to ownership of wealth producing instruments."
In response Ederer quotes the encyclicals themselves:
"John Paul II in Laborem Exercens (1981) reaffirmed
the just wage concept first presented for the context
of modern society by Leo XIII in 1891. He stated:
'Hence, in every case, a just wage is the concrete
means of verifying the justice of the whole
socioeconomic system and, in any case, of checking
that it is functioning justly.' (19)
"That takes nothing away from a wider property
ownership among workers, since the just wage doctrine
was elaborated by Pius XI, and subsequently reaffirmed
by Pius XII, John XXIII, and Paul VI, always involved
a wage adequate to also enable workers to save and
acquire property ....
"What is more, given the performance of the stock
market over the past few years, it seems doubtful that
the hard-pressed workers would be enthusiastic about
investing their savings in equity capital. Finally, it
is too often forgotten that not a few of the
employee-stock-ownership and profit-sharing plans were
cover-ups for the failure to pay a basic just wage in
the first place. Some were, in fact, established to
discourage the workers from organizing-which Leo XIII
emphasized, was their basic natural right!
"Now is not the time to be proposing frosting for the
non-existent cake to help our hard-pressed workers. We
need to concern ourselves about basic sustenance. It
is time for those with a genuine interest in Catholic
social doctrine to stand by their embattled Pope and
his authentic teaching on this matter of the just
wage."
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Rupert Ederer
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