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Is capitalism Catholic? A priest defends free-market economics
Catholic News Service ^ | Nov-30-2012 | Francis X. Rocca

Posted on 11/30/2012 5:32:37 PM PST by annalex

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1 posted on 11/30/2012 5:32:47 PM PST by annalex
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To: NYer; narses; Salvation

For your pinging pleasure.


2 posted on 11/30/2012 5:33:49 PM PST by annalex (fear them not)
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To: annalex
the Catholic church believes in charity......out of good will not out of law...

charity is nothing if forced....

3 posted on 11/30/2012 5:36:05 PM PST by cherry
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To: annalex

From wikipedia:

Rerum Novarum (Latin for On the New Things) is an encyclical issued by Pope Leo XIII on May 15, 1891. It was an open letter, passed to all Catholic bishops, that addressed the condition of the working classes. The encyclical is entitled: “Rights and Duties of Capital and Labour”. Wilhelm Emmanuel von Ketteler and Cardinal Henry Edward Manning were influential in its composition.

It discussed the relationships and mutual duties between labour and obtaining capital, as well as government and its citizens. Of primary concern was the need for some amelioration for “The misery and wretchedness pressing so unjustly on the majority of the working class.”[1] It supported the rights of labor to form unions, rejected communism and unrestricted capitalism, whilst affirming the right to private property.

Many of the positions in Rerum Novarum were supplemented by later encyclicals, in particular Pius XI’s Quadragesimo Anno (1931), John XXIII’s Mater et Magistra (1961), and John Paul II’s Centesimus Annus (1991).


4 posted on 11/30/2012 5:39:57 PM PST by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
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To: ClearCase_guy

And from Rerum Novarum, thinkers like GK Chesterton and Hillaire Belloc derived Distributism which supports private property as the foundation of society and which is neither pro-capitalist nor pro-socialist.


5 posted on 11/30/2012 5:41:39 PM PST by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
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To: ClearCase_guy
Rerum Novarum

Unfortunately, my old posts on Rerum Novarum on FR are gone.

6 posted on 11/30/2012 5:56:21 PM PST by annalex (fear them not)
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To: cherry

Surely forced distribution of property under certain circumstances in order to benefit the poor is a public good and so, while not charity, is still a legitimate function of government, according to the Catholic concept of government as a guardian of public good.

To dismiss all government role in economy as a displacement of charity is a bit too sweeping.


7 posted on 11/30/2012 6:01:31 PM PST by annalex (fear them not)
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To: ClearCase_guy
Of primary concern was the need for some amelioration for “The misery and wretchedness pressing so unjustly on the majority of the working class.”[

That's the beauty of the free enterprise system. It's voluntary.
We are all the owners of our own one person enterprise and we market our knowledge and skills to the best of our ability.
Some people are more successful than others.
Them that could, did. Them that couldn't, didn't.

Of course we are charitable to the old, young and handicapped.

8 posted on 11/30/2012 6:04:26 PM PST by oldbrowser (Put Obama in check, now.)
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To: oldbrowser

Economic activity should be voluntary.
Charity should be voluntary.

Sometimes society has suffering, and no one steps up and voluntarily does anything. I have no easy answer to that conundrum. Force is bad. Suffering is bad. We live in a broken world and things don’t always follow along the lines we might like.


9 posted on 11/30/2012 6:13:42 PM PST by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
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To: annalex; All
“Subsidiarity” is still Catholic doctrine.

The Church is supposed to oppose a strong central government unless absolutely necessary, limited to functions that lower orders of authority can not handle on their own.

The Church is supposed to oppose Socialism.

But, sadly, it often does not.

10 posted on 11/30/2012 6:14:34 PM PST by Kansas58
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To: annalex

Thanks for posting this. Finding articles like this that I wouldn’t otherwise come across via most of the media is one of the things that I really enjoy about FR.


11 posted on 11/30/2012 6:19:05 PM PST by posterchild (Remember that thou art dust, and to dust thou shalt return.)
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To: annalex

**Is capitalism Catholic?**

Wouldn’t it have been a better title to ask if capitalism is Christian?

In answer to the question, of course, capitalism is OK with Catholics — otherwise you would not have private businesses laying lawsuits of the Obama asministration about the HHs mandate.


12 posted on 11/30/2012 6:37:19 PM PST by Salvation ("With God all things are possible." Matthew 19:26)
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To: annalex
Paul Ryan emphasizes subsidiarity and solidarity in this linked article. Few people really understand those two terms.

Life, Liberty, and the Pursuit of Holiness (Paul Ryan)

13 posted on 11/30/2012 6:39:50 PM PST by Salvation ("With God all things are possible." Matthew 19:26)
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To: All
Announcement:

This domain

www.distributism.com

IS FOR SALE!


Any takers?

14 posted on 11/30/2012 6:40:50 PM PST by annalex (fear them not)
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To: posterchild

Thank you for reading.


15 posted on 11/30/2012 6:43:24 PM PST by annalex (fear them not)
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To: Salvation

My fingers did not work as fast as my brain did there.

otherwise you would not have private businesses laying lawsuits at the feet of the Obama asministration about the HHs mandate.


16 posted on 11/30/2012 6:43:29 PM PST by Salvation ("With God all things are possible." Matthew 19:26)
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To: Salvation
Wouldn’t it have been a better title to ask if capitalism is Christian?

There are sensitibilities about it that are specifically Catholic. We, for example, consider usury to be sinful.

17 posted on 11/30/2012 6:44:52 PM PST by annalex (fear them not)
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To: annalex

I wish i could find a parish with a priest like Fr Sirico.

Individuals that come to the conservatism upon leaving the
left really have a lot say that I find interesting.

I received communion from Fr.Sirico on the National Review
cruise in 2008. He is the brother of Tony Sirico who was of
course ‘Paulie Walnuts’ on The Sopranos,one of my favorite
characters. Unfortunately, they are estranged,I believe.


18 posted on 11/30/2012 6:58:52 PM PST by americas.best.days... ( I think we can now say that they are behind us.)
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To: annalex

Capitalism is what people do when they are free.

Thus, it is Catholic.


19 posted on 11/30/2012 7:01:19 PM PST by Arthur McGowan (If you're FOR sticking scissors in a baby girl's neck and sucking out her brains, you are PRO-WOMAN!)
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To: annalex

Good point.


20 posted on 11/30/2012 7:13:08 PM PST by Salvation ("With God all things are possible." Matthew 19:26)
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