Tuesday, February 04, 2014

Popes and "Capitalism"

Badger remarks that it is silly to say either "capitalism=good" or "capitalism=bad."

For a far more useful insight, how about John Paul II:

....whether "capitalism should be the goal of the countries now making efforts to rebuild their economy and society?" John Paul's answer is:

The answer is obviously complex. 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. But if by capitalism is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality and which sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative

The US has not had unfettered capitalism since (roughly) the '20's.

And for you Obamunists:

"It is not lawful to take the things of others to give to the poor. It is a sin worthy of punishment, not an act deserving a reward, to give away what belongs to others."  - Saint Francis of Assisi

Yah, THAT Francis.

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