Fr. D holds to the Cassiacuм thesis, and he believes that the "Conciliar Church" hierarchy maintains the Church's ongoing, apostolic Catholic hierarchy. Really?
What Novus Ordo bishop does Fr. D, or any Sedevacantist, believe has legislative, judicial, coercive or administrative power over him (them) or any Catholic in their jurisdiction?
If none, then the hierarchy is gone, no matter how upsetting that fact would be to Fr. Desposito or any other Sede.
If that is the case, the Church has defected, just as it does if it teaches a false Gospel. A defect is a defect, a defection is a defection.
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This question and these ideas have received an increasing amount of attention in the sede world in the last couple of years, I'm not quite sure why. The more it's discussed, the more I incline to the idea that sede bishops and priests are the true hierarchy of the Church. That is the position that seems to have the least amount of problems; there is no angle on this that is without problems.
You are correct; by Fr. Desposito's criteria, one would have to conclude that the hierarchy no longer exists. But this is impossible.
If we are to read works like the one quoted by Cardinal Franzelin, he talks about the hierarchy being Catholic bishops who preach the Faith and rule the Church. (Ordinarily it includes a pope too, but we all agree that's not happening at the moment.) Well, who is doing that? Trad bishops, and no one else.
I think this is convincing. As far as the objections against it, Fr. Desposito says authority means having the power to enact law. Trad bishops certainly enforce Church laws on souls, as do trad priests. They require Catholics to believe in Catholic doctrine and practice the Faith, and even observe Church laws such as the six precepts of the Church.
The objection that they are unable to enact law seems a little weak, especially given that there is no other competing group of Catholic bishops who could be entertained as the hierarchy. Maybe this objection could be answered by saying trad bishops do in fact have the power to enact law, but incorrectly believe they don't. Or maybe they choose not to enact laws, despite having the power to do so, because they believe (and reasonably so) that it would be imprudent to claim jurisdiction in that sense over the faithful, but that doesn't in itself prove they don't have the power to do so.
Or maybe the simple power of enforcing already-existing legislation, such as the six precepts of the Church, is in itself sufficient to prove they have jurisdiction, even if they don't have the power to enact new laws.
We live in strange times, but it seems obvious to me that the Catholic Church is the group of people loosely referred to as traditional Catholics today.