"She has likewise refused to accept, in the practice of "capitalism," individualism and the absolute primacy of the law of the marketplace over human labor."The doctrines of man cannot override the principles of supply and demand, no matter how well-meaning they are.
Capitalism is simply the freedom for people to pursue their calling in life without the interference of artificial barriers enacted by either a majority or minority of sinful, fallible creatures. Capitalism has provided more charity and justice for more people than all forms of economic systems combined. That is a fact.
When men donned in robes, collars, or armor interfere with the exchange of goods or services in a free market, they create imbalances that ripple through the system in unforeseen and negative ways - causing unintended injuries and injustices, reinforced by negative feedback loops until it's no longer sustainable. I've seen this numerous times in less than 50 years.
If Catholics want to support "Social Justice", they need to support Capitalism in its true and free state, not this bastardized system devised by social justice advocates and crony capitalists.
I see what you're saying, but I would respectfully disagree that, at least as the term is commonly used, "capitalism" is at all the same as "free market."
Capitalism, again in the common usage of the term, includes things like multinational corporations, credit default swaps, and the revolving door between the Big Four accounting firms, tax funded bailouts, and the Department of the Treasury, the SEC and the Commodities Futures Commission and so on.
All of those things are open to abuse and some of them are the very antithesis of the "free market."
I believe passionately in the free market. I got my problems with "capitalism", again as the term is commonly used.
To the critical reader the phrase "absolute primacy of the law of the market place" reminds us that there is a higher law. Nothing written by Adam Smith negates the call to Beatitude.