Journal Entry #5
“The Just Third Way: A New Vision for Providing Hope, Justice and Economic Empowerment”, by Norman G. Kurland, Michael D. Greaney, and Dawn K. Brohawn
For journal entry number 5, we were to pick a topic in the area of social justice, so I did a “Google” search and came across the website www.cesj.org, the Center for Economic and Social Justice. What an interesting website. In the above-referenced article on this website, the authors examine a different perspective on economic globalization and how to find a balance between capitalism and socialism, which they call the “Third Way”. “A third way would be a free market system which economically empowers all individuals and families through direct and effective ownership of the means of production – the best check against the potential for corruption and abuse.” “Both socialism and capitalism concentrate economic power at the top. It makes little difference that under capitalism the concentration is in private hands and under socialism the concentration is in the hands of the state.” The Third Way would distribute power and money more equally among all citizens.
The four pillars of the Third Way are: expanded ownership of productive assets, limited economic power of the state, the restoration of free and open markets, and the restoration of private property. Without getting too deeply into the mechanics of how this program would work, basically, through programs similar to employee stock ownership programs, more people could legitimately acquire ownership of the growth of capital without taking from those who own exiting assets. These new owners would be able to get income from capital as a supplement to their wage incomes. This program would open up ownership and profit sharing opportunities for consumers of public utilities, residents of new or redeveloped communities, teachers and other public servants, farm families, homemakers the disabled professionals, and frustrated entrepreneurs.
Why is this of any interest to me? There are a number of reasons. First of all, I grew up very poor as the daughter of a farmer. That was okay. Being poor motivated me to go out and make something of myself because I didn’t want to be poor anymore. However, I often wonder how much better I could have done had I had some of the financial resources my college classmates had. I put myself through school and had to work the whole time and accumulated tons of student loan debt, so I started off my working life in debt and at a disadvantage.
Secondly, I currently work as a real estate agent. I see people at their worst in this profession. When I say “worst”, I mean, I see people at their greediest. Money is everything. People don’t buy homes to have a home, they buy them as investments. They want the most money when they sell and they want to pay the least when they buy. This job is so unfulfilling.
Thirdly, thirty years ago I originally went to college to become a teacher. When I saw how much everything cost and how little teachers made, I decided to get a business degree instead. I couldn’t understand, and I still don’t understand, why such a valuable profession, as teaching is, is paid so little. Maybe it’s because most teachers are women, but that’s another social justice issue. At any rate, a system which would give more opportunities to teachers, farmers, etc. is a system worth looking into. Through my life, I have seen what money or lack of it has done to/for people. Too often it’s the focus of one’s entire life. Perhaps if it were more equally distributed, people would have more time to spend and interest in the things that really matter in life, like family and friends, doing things for other people, learning.
How does this apply to teaching? Having come from an impoverished background, I can show empathy to the child who gets teased for wearing torn clothing, or for having to eat free breakfast at school. I can be sure to let them know that they are just as good and deserving as anyone else in the class and that how much money their family has has no impact on their worth as a human being or on their abilities to make their life whatever they want it to be.