09 January 2011

Not to whom but how wealth gets allocated

The laws of sheviit and shemitta address the matter of equitable distribution within the society by privileging not who but how a substantial proportion of the national wealth gets allocated. The issue is not one class of society relative to another, the issue is one mode of economic transaction relative to another. 
The sabbatical year suspends private property with respect to the fundamental asset classes of the economy. 
  • By suspending private property the laws suspend for 15% or so of the time the action of the marketplace in the economic order. 
  • By suspending the action of the marketplace the laws force the erection of alternative institutions to manage the economic domain, especially when it comes to the distribution of the society's excess. 
  • By superimposing covenantal institutions to deal with the matter of economic excess the laws are building into the social system a sensitivity to matters of covenant and reverence everywhere in the economic system that allows for the measurement of merit and an appreciation for justice-as-deservedness alongside justice-as-fairness. 
This sensitivity to matters of covenant and reverence is especially germane to the covenantal partners who are unseen and non-material. The interests of future generations, for example, are best managed by institutions designed to recognize and factor in the interests and claims of the unseen covenantal partner. 

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