Mickey Finn #25
If they looked at what has become of Capitalism, and the “Market” today. They would most likely be singing a different tune. What we are witnessing today is a little hard for a person of conscience to defend.
A person of conscience promotes and defends what is true and good – precisely what Bl John Paul II and Pope Emeritus Benedict XVI have done with free enterprise, and they excoriate the PEOPLE who by their greed and selfishness defraud others, and governments whose policies distort and ravage free enterprise.
In the parable of the talents, Jesus lauds the servant who has multiplied talents – “For to everyone who has, more will be given, and he will have abundance; but from him who does not have, even what he has will be taken away. And cast the unprofitable servant into the outer darkness. There will be weeping and gnashing of teeth.” (Mt 25: 14-30). Christ certainly praised the wise use of the fundamental right of economic initiative and prudence in this parable.
The Popes have some realization of the cause and effect of economic laws:
“If I were to pronounce on any single matter of a prevailing economic problem, I should be interfering with the freedom of men to work out their own affairs. Certain cases must be solved in the domain of facts, case by case as they occur…[M]en must realise in deeds those things, the principles of which have been placed beyond dispute…[T]hese things one must leave to the solution of time and experience.” [Pope Leo XIII. Quoted in *The Church And The Market, Dr Thomas E. Woods, Lexington Books, 2005, p 4].
Pius XI wrote of “matters of technique for which [the Church] is neither suitably equipped nor endowed by office.”
Quadragesimo Anno, 1931, 41]….“economics and moral science employs each its own principles in its own sphere.” [QA, 42].
In 1931, we were taught: “…lastly, summoning to court the contemporary economic regime and passing judgment on Socialism, to lay bare the root of the existing social confusion and at the same time point the only way to sound restoration: namely, the Christian reform of morals. [Pius XI in *Quadragesimo Anno, 1931, 15].
Let us recall that Bl John Paul II warned:
“By intervening directly and depriving society of its responsibility, the Social Assistance State leads to a loss of human energies and an inordinate increase of public agencies, which are dominated more by bureaucratic ways of thinking than by concern for serving their clients, and which are accompanied by an enormous increase in spending.” (
Centesimus Annus, 48, John Paul II, 1991).
Thus
the principles of free enterprise are true and good, the evils of Socialism and the Welfare State are condemned, and the absolute necessity of the practice of virtues and sound morals by individuals is emphasised if truth and goodness are to be the essence of society.