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Vouthon
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Also important to note:
This does not fit the ‘neat’ categories.
The problems come when a ‘market economy’ is conflated with ‘capitalism’. One can be a believer in free markets, as opposed to Soviet-style ‘five year’ economic plans, without subscribing to capitalism.
And Catholic doctrine does not prohibit this in the least.
A good example of a modern ‘market socialist’ party is in Portugal, which not only has a socialist-led leftist government in power right now under Antónia Costa (called the Partido Socialista “Socialist Party” conveniently enough!) but even enshrines ‘socialism’ in its constitution, as the fundamental orientation of the Portuguese Republic (‘Preamble’, 1976, last reviewed 1989):
Constitution of the Republic of Portugal, 1976 - Wikisource, the free online library
Democratic market socialism in government has not been a ‘disaster’ for Portugal or reduced her civil society to economic penury and bankruptcy. On the contrary, it has high growth - above the average for the eurozone - as a result of budgetary reforms introduced by its socialist government, which involved a reversal of the fiscal austerity and public spending cuts imposed by the preceding centre-right administration (in the aftermath of the sovereign debt crisis) and thereby " proving that by putting more money in people’s pockets it could lift growth ":
Portugal: a European path out of austerity?
Britannica Money
www.britannica.com
This does not fit the ‘neat’ categories.
The problems come when a ‘market economy’ is conflated with ‘capitalism’. One can be a believer in free markets, as opposed to Soviet-style ‘five year’ economic plans, without subscribing to capitalism.
And Catholic doctrine does not prohibit this in the least.
A good example of a modern ‘market socialist’ party is in Portugal, which not only has a socialist-led leftist government in power right now under Antónia Costa (called the Partido Socialista “Socialist Party” conveniently enough!) but even enshrines ‘socialism’ in its constitution, as the fundamental orientation of the Portuguese Republic (‘Preamble’, 1976, last reviewed 1989):
Constitution of the Republic of Portugal, 1976 - Wikisource, the free online library
The Constituent Assembly affirms the decision of the Portuguese people to defend the national independence, to guarantee the fundamental rights of citizens, to establish the basic principles of democracy, to ensure the rule of democratic law and make way for a socialist society , in respect of the will of the Portuguese people, with a view to building a freer, more just and more fraternal country.
Democratic market socialism in government has not been a ‘disaster’ for Portugal or reduced her civil society to economic penury and bankruptcy. On the contrary, it has high growth - above the average for the eurozone - as a result of budgetary reforms introduced by its socialist government, which involved a reversal of the fiscal austerity and public spending cuts imposed by the preceding centre-right administration (in the aftermath of the sovereign debt crisis) and thereby " proving that by putting more money in people’s pockets it could lift growth ":
Portugal: a European path out of austerity?
The economy has rebounded since the centre-left government reversed post-crisis budget cuts
Europe is still struggling to find a label for the new brand of socialism that has lifted Portugal’s fortunes over the past three and a half years. António Costa, the prime minister who gained office by forging a surprising partnership between the moderate and hard left, simply calls it “turning the page on austerity”. One of the few successful centre-left politicians in Europe, Mr Costa is on course for re-election this year, having presided over an economic turnround that has restored confidence to Portugal, a country that the European debt crisis brought to its knees. Unemployment has halved to 6.7 per cent and the budget deficit could be eliminated this year for the first time in over 40 years.
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