Could it be that in some extreme cases that the preservation of economic freedom can actually be an evil on society? Do you think that sometimes in-order to preserve other freedoms and human dignities that we must take some economic freedoms away in times when a great economic tragedy effects and damages society as a whole.
As mentioned in some of my other posts, I’ve studied economics extensively. And one thing I will say is that
no contemporary economist speaks about socialism anymore. It’s a bygone system - discussing about it is like discussing about whether the world is flat. As for the Church’s opinion on economic matters…quite frankly, economists don’t care.
I think what you are trying to ask is: Is Government intervention sometimes necessary in bringing about more desirable positions than if left to the market? Most economic traditions would answer yes, especially the Keynesians and to a lesser extent, the Monetarists. Neoclassicals disagree slightly and Austrians disagree wholeheartedly.
What you have to understand is that contemporary political theory recognizes two aspects to freedom: Negative liberty and Positive Liberty. Negative liberty is freedom from coercion, and it’s the aspect of freedom entities such as the Tea Party focus solely on. The “forgotten” freedom is Positive Liberty, which is sometimes known as “freedom from want”. This encompasses freedom from infant mortality, freedom from preventable disease, and so on and so forth. By its very nature, positive liberty emerges out of governmental action. It can not and does not emerge out of negative liberty or the marketplace. A successful society combines both negative liberty and positive liberty - a society where one can be an individual and have a right to private property, and a society where individuals from less well-off backgrounds can achieve their potential. Eminent economist Amartya Sen speaks about this in his magnum opus
Development as Freedom.
There are certain cases in which a government has to intervene against what are called in economics as “market failures” - where the market fails to achieve a socially optimal position, and a government has to intervene to bring that socially optimal position about.
A simple case of “market failure” is in the instance of the armed forces. The market can not provide for the army. This is because if corporations were to do so, people who didn’t pay for the army would still benefit from the provision of the army, and those who paid are essentially being ripped off because others are enjoying the army at the expense of them. This is known as the “free rider dilemma”. Hence, a central authority such as a government uses tax revenue to fund the armed forces. To use the technical term, the armed forces are “non-excludable” and “non-rivalrous”.
My favourite case of market failure is that of the efficiency wage, as demonstrated by the Shapiro-Stiglitz model. It’s a bit complicated to explain, but hopefully this Wikipedia page will clarify it better than I can:
en.wikipedia.org/wiki/Efficiency_wages#Shirking