New Paradigm for Rebuilding After Katrina
Michael Greaney, the Director of Research, wrote in an e-mail:
"Our current project is a proposal to finance the rebuilding of the areas affected by Katrina and Rita in a manner consistent with Catholic social teaching and without putting everything on the backs of the taxpayers:
The proposal is based on principles detailed in our book, Capital Homesteading for Every Citizen, available as a free download from the web site. 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.
"We believe that capital homesteading, especially as applied to the Katrina and Rita situations, offers a built-in preferential option for the poor -- everyone gets treated the same, but, frankly, capital credit means much more to people who could never get it before than it does to those who already have a signficant private property stake. Capital homesteading, based on work done by CESJ in which we were encouraged by His Holiness Pope John Paul II, has the most potential of any program discussed to date to break the circle of poverty."
Other informative links on the site:
Excerpts from the book: Capital Homesteading for Every Citizen.
A New Model for Nation-Building in Iraq
--Sr. Kathryn James, fsp