Brendan 64 #36
Free enterprise is one thing, but that is not the same as free market capitalism.
Nonsense.
Relearn from the acknowledged St John Paul II in
Centesimus Annus, 42, 1991:
‘If by “capitalism” is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a “business economy”, “market economy” or simply “free economy”.’
Our Church neither supports capitalism or socialism, and in fact condemns excesses within both systems.
The erroneous assertions continue *ad nauseam *without evidence. The facts have been substantiated by Popes and the revered Fr James V Schall, S.J., among many others.
What are condemned are the personal traits evidenced by greed, deceit and cheating which have no place in any human activity. Individual morality determines how owners, managers and employees treat each other and the customers, which requires the morality taught by Christ’s Church. That’s why we have laws to seek and punish those who steal, cheat, swindle, and worse crimes. That’s why we have the Catholic Church to guide us – She who invented charity in the West. It’s time to face reality.
Socialism has been roundly condemned by Papal social teaching, while free enterprise has been clearly affirmed. “Capitalism” is a Marxist term which the acknowledged St John Paul II has discouraged as you should know by now.
Pius XI declared emphatically in
Quadragesimo Anno, 1931, #120: “If Socialism, like all errors, contains some truth (which, moreover, the Supreme Pontiffs have never denied), it is based nevertheless on a theory of human society peculiar to itself and irreconcilable with true Christianity. Religious socialism, Christian socialism, are contradictory terms; no one can be at the same time a good Catholic and a true socialist.”
From Bl John Paul II in
Centesimus Annus, 1991:
#48. “Another task of the State is that of overseeing and directing the exercise of human rights in the economic sector. However, primary responsibility in this area belongs not to the State but to individuals and to the various groups and associations which make up society. The State could not directly ensure the right to work for all its citizens unless it controlled every aspect of economic life and restricted the free initiative of individuals. This does not mean, however, that the State has no competence in this domain, as was claimed by those who argued against any rules in the economic sphere. Rather, the State has a duty to sustain business activities by creating conditions which will ensure job opportunities, by stimulating those activities where they are lacking or by supporting them in moments of crisis.
“In recent years the range of such intervention has vastly expanded, to the point of creating a new type of State, the so-called “Welfare State”. This has happened in some countries in order to respond better to many needs and demands, by remedying forms of poverty and deprivation unworthy of the human person. However, excesses and abuses, especially in recent years, have provoked very harsh criticisms of the Welfare State, dubbed the “Social Assistance State”. Malfunctions and defects in the Social Assistance State are the result of an inadequate understanding of the tasks proper to the State. Here again the principle of subsidiarity must be respected: a community of a higher order should not interfere in the internal life of a community of a lower order, depriving the latter of its functions, but rather should support it in case of need and help to coordinate its activity with the activities of the rest of society, always with a view to the common good.”
Bono now says capitalism is the answer.
George Ayittey, an African entrepreneur, met Bono in 2007 and gave the rock star a copy of his book,
Africa Unchained: The Blueprint For Development. Some of it must have taken hold, as Bono has come to acknowledge that foreign aid is merely a “stopgap” for poverty, not a realistic solution.
blog.acton.org/archives/58688-bono-affirms-that-capitalism-alleviates-poverty-more-than-aid.html