Pnewton #31
“unrestricted capitalism”
Captain America #35
unrestrained capitalism
These vague references tend to cloud the whole concept of free enterprise developed by the Catholic Late Scholastics. Factually, the terms are hardly ever used in Social Encyclicals, and in
Quadragesimo Anno, #132, 1931, Pius XI, writes:
“The easy gains that a market unrestricted by any law opens to everybody attracts large numbers to buying and selling goods, and they, their one aim being to make quick profits with the least expenditure of work, raise or lower prices by their uncontrolled business dealings so rapidly according to their own caprice and greed that they nullify the wisest forecasts of producers.”
Where is “unrestricted capitalism”? Where is a market unrestricted by any law? There is no such thing.
It is PEOPLE who have to be prudent, just, have fortitude and temperance. The Catholic way: free enterprise, sound laws, and the morals that maketh the man. The duty of governments is to make wise laws; that’s why we have laws to seek and punish those who steal, cheat, swindle, and to ensure competition. It is people who commit crimes. What has always existed is people who cheat, swindle, etc.
The continued finagling by governments, going back 80 years, which has so distorted the essence of free enterprise, is apparently blissfully unknown so that some posters are totally unaware of the distortions.
“Capitalism” is a derogatory term of Karl Marx and shunned by Bl John Paul II for “business economy”, “market economy” or simply “free economy” in
Centesimus Annus #42, 1991, in affirming free enterprise emphatically:
‘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”.’