Catholic Social Teaching and Economics<\/h1><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tImportant Source of Wealth<\/p><\/div>\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tServe the Common Good<\/p><\/div>\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\u00a0<\/div>\n\nWhat is the Role of Profit?<\/p>\n<\/div><\/div>\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tRooted in Human Freedom<\/p><\/div>\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tGoods Must Benefit all Humanity<\/p><\/div>\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\u00a0<\/div>\n\nWhat Must the State Do?<\/p>\n<\/div><\/div>\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe Church Supports Free Markets<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tA Free Market<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tA \u201cbusiness economy has many positive aspects - its basis is human freedom exercised in the economic field.\u201d<\/h5>\n\u201cIt would appear that at the national and international level the free market is the most\u00a0efficient way<\/strong> for utilizing resources and effectively responding to needs.\u201d<\/h5><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tPope St. John Paul II, 32, 34<\/a><\/p><\/div>\n\t\t\t<\/div><\/div><\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\tHOWEVER<\/strong><\/span><\/p>\nFree markets must be \u201ccircumscribed in a strong juridical framework, which places it at the service of human freedom in its totality\u201d. (Pope St. John Paul II, 42)<\/a><\/em><\/span><\/p>\n\u201cThe creation of this wealth must always be at the service of the common good, and not only for the benefit of a few.\u201d\u00a0(Pope Francis)<\/em><\/a><\/span><\/p>\nThe \u201cfree\u201d market advanced by Catholic social teaching is free -- within limits<\/strong>.<\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t![\"A](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2019\/06\/architecture-street-building-city-skyscraper-new-york-767467-pxhere.com-2.jpg\" "\\"\\"")
<\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tA Free Economy<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe free market economy is an \u201cimportant source of wealth and should be viewed carefully and favorably.\u201d (Pope St. John Paul II, 32)<\/em><\/a><\/p>\nFor, \u201cCertainly every country needs economic growth and the creation of wealth, and the extension of these to each citizen, without exclusion.\u201d\u00a0(Pope Francis, 3)<\/em><\/a><\/p>\n\"[I]t is evident that this system [free markets] is not to be condemned in itself. And surely it is not of its own nature vicious.\"<\/span> (Pope Pius XI, 101)<\/a><\/p>\nA foundational guide is that \u201cmoney must serve, not rule\u201d.<\/strong> (Pope Francis)<\/em><\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tRead more<\/h5>\n\t\t\t\tCatholic social teaching \"requires respect for the \u200buniversal destination of goods\u200b\" (Catechism of the Catholic Church, 2401)<\/a> and has always understood that the right to private property is \u201cfundamental\u201d and a requirement \u201cfor the autonomy and development of the person.\u201d (Pope St. John Paul II, 30)<\/a><\/p>\n\u201c[T]he logic of profit and that of the equal distribution of goods...do not contradict each other if their relationship is well ordered. Naturally, profit is legitimate and, in just measure, necessary for economic development.\u201d\u00a0(Pope Benedict XVI)<\/a><\/p>\nHowever, \u201cOnce capital becomes an idol\u2026once greed for money presides over the entire socioeconomic system, it ruins society, it condemns and enslaves men and women, it destroys human fraternity, it sets people against one another\u201d. (Pope Francis, 1)<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t![\"Two](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2022\/01\/work-street-downtown-city-businessman-economy-cummute-walk-career.jpg\" "\\"work-street-downtown-city-businessman-economy-cummute-walk-career\\"")
<\/span>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tWhy Does the Church Support Free Markets?<\/span><\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tFor three main reasons<\/strong>:<\/span><\/h2>\n<\/span><\/p>\n1. Anthropological. <\/strong>All Catholic social teaching flows from understanding the inherent dignity of every person that comes from being made in God\u2019s image. Pope St. John Paul II, in Centesimus Annus<\/em>, thereby places economic freedom parallel to political freedom - understanding each person's unique value and freedom in the economic sphere.<\/span><\/p>\n2. Charitable.<\/strong> Catholic social teaching recognizes that free enterprise, rightly understood and implemented, is currently the best available vehicle for systemically caring for the physical needs of the poor and that a true global economy is the key way to create lasting development and thereby, peace. Catholic social teaching<\/span> says a \u201cbusiness economy has many positive aspects \u2013 its basis is human freedom exercised in the economic field\u201d.\u00a0(Centesimus Annus, 32)<\/a><\/span><\/p>\n3. Practical<\/strong>. <\/strong>\"Business is a noble vocation, <\/strong>directed to producing <\/strong>wealth and improving <\/strong>our world.\" (Pope Francis, 129)<\/a> <\/span><\/p>\nCatholic social teaching<\/span> also recognizes the free market for its:<\/span><\/p>\n\n- Better resource utilization;<\/span><\/li>\n
- Promotion of commerce, and;<\/span><\/li>\n
- Giving central place to individual desires and preferences in a contractual context. (Centesimus Annus, 40)<\/a><\/span><\/li>\n<\/ul><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t
READ MORE<\/h5>\n\t\t\t\tThe free market economy is a model that should be proposed to the third world \u2013 as long as it is \"circumscribed within a strong juridical framework which places it at the service of human freedom in its totality\". (Pope St. John Paul II, 42)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\tLearn more about Democracy & Free Markets<\/a>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t![\"A](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2022\/01\/counting-money-bills-profit-cost-greed-income-wealth-hoard.jpg\" "\\"counting-money-bills-profit-cost-greed-income-wealth-hoard\\"")
<\/span>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tHowever, this Support is not Unequivocal<\/span><\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to abuse the economic process<\/strong> in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a> <\/span><\/p>\nIndeed, the current system \u201cis by now intolerable<\/strong>\u201d. \u201c[T]hat system has imposed the mentality of profit at any price, with no concern for social exclusion\u2026An unfettered pursuit of money rules. This is the 'dung of the devil\u2019<\/strong>.\u201d (Pope Francis, 1)<\/a><\/span><\/p>\n\u201cWe see how the world of finance can dominate mankind<\/strong>. Possession and appearance dominate and enslave the world. \u2026 Finance is no longer a tool to promote well being and to support the life of man, but a force that oppresses him, one which almost has to be worshipped\u201d. (Pope Benedict XVI)<\/a><\/span><\/p>\nIndeed, \u201cThe full gravity of the current economic crisis<\/strong>\u2026should be understood. This crisis has numerous causes and is a strong reminder of the need for a profound revision of the model of global economic development.\u201d (Pope Benedict XVI)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\tCatholic Social Teaching points out that \u201cbusiness management cannot concern itself only with the interests of the proprietors, but must also assume responsibility for all the other stakeholders who contribute to the life of the business: the workers, the clients, the suppliers of various elements of production, the community of reference\u201d.\u00a0(Pope Benedict XVI, 40)<\/a><\/span><\/p>\nAlso, \u201cCharity in truth requires that shape and structure be given to those types of\u00a0economic\u00a0initiative which, without rejecting profit, aim at a higher goal than the mere logic of the exchange of equivalents, of profit as an end in itself\u201d.\u00a0(Pope Benedict XVI, 38)<\/a><\/span><\/p>\nAmong<\/strong> the many positive effects<\/strong> of the global advancement of free markets, Pope Francis identifies a threat<\/strong>: \u201cIn many countries globalization has meant a hastened deterioration of their own cultural roots and the invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\u201d (Evangelii Gaudium, 62)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe Practice of Capitalism has Gone Astray<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\u201cWe have created a <\/span>\u2018throw away<\/span>\u2019 <\/span><\/strong>culture<\/strong> which is now spreading.<\/span>\u201d<\/h5><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tPope Francis, 53<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to\u00a0<\/span>abuse the\u00a0economic\u00a0process\u00a0<\/span><\/b>in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a><\/span><\/span><\/p>\nIt is now about \u201csomething new.\u00a0<\/span>Exclusion<\/b>\u2026those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are\u00a0<\/span>no longer<\/b> even a part of it.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n\u201c[H]<\/span>uman<\/span>\u00a0beings are themselves\u00a0<\/span>considered consumer goods<\/b>\u00a0to be used and then\u00a0<\/span>discarded<\/b>.\u201d (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n\u201cFinancial speculation fundamentally aimed at quick profit continues to wreak havoc\u201d (Fratelli Tutti, 168)<\/a><\/span><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\t\u201cThe excluded are not the 'exploited' but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t
Important Source of Wealth<\/p><\/div>\n\t\t\t<\/div>
Serve the Common Good<\/p><\/div>\n\t\t\t<\/div>
What is the Role of Profit?<\/p>\n<\/div><\/div>\n\t\t\t<\/div>
Rooted in Human Freedom<\/p><\/div>\n\t\t\t<\/div>
Goods Must Benefit all Humanity<\/p><\/div>\n\t\t\t<\/div>
What Must the State Do?<\/p>\n<\/div><\/div>\n\t\t\t<\/div>
The Church Supports Free Markets<\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>
A Free Market<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tA \u201cbusiness economy has many positive aspects - its basis is human freedom exercised in the economic field.\u201d<\/h5>\n\u201cIt would appear that at the national and international level the free market is the most\u00a0efficient way<\/strong> for utilizing resources and effectively responding to needs.\u201d<\/h5><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tPope St. John Paul II, 32, 34<\/a><\/p><\/div>\n\t\t\t<\/div><\/div><\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\tHOWEVER<\/strong><\/span><\/p>\nFree markets must be \u201ccircumscribed in a strong juridical framework, which places it at the service of human freedom in its totality\u201d. (Pope St. John Paul II, 42)<\/a><\/em><\/span><\/p>\n\u201cThe creation of this wealth must always be at the service of the common good, and not only for the benefit of a few.\u201d\u00a0(Pope Francis)<\/em><\/a><\/span><\/p>\nThe \u201cfree\u201d market advanced by Catholic social teaching is free -- within limits<\/strong>.<\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tA Free Economy<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe free market economy is an \u201cimportant source of wealth and should be viewed carefully and favorably.\u201d (Pope St. John Paul II, 32)<\/em><\/a><\/p>\nFor, \u201cCertainly every country needs economic growth and the creation of wealth, and the extension of these to each citizen, without exclusion.\u201d\u00a0(Pope Francis, 3)<\/em><\/a><\/p>\n\"[I]t is evident that this system [free markets] is not to be condemned in itself. And surely it is not of its own nature vicious.\"<\/span> (Pope Pius XI, 101)<\/a><\/p>\nA foundational guide is that \u201cmoney must serve, not rule\u201d.<\/strong> (Pope Francis)<\/em><\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tRead more<\/h5>\n\t\t\t\tCatholic social teaching \"requires respect for the \u200buniversal destination of goods\u200b\" (Catechism of the Catholic Church, 2401)<\/a> and has always understood that the right to private property is \u201cfundamental\u201d and a requirement \u201cfor the autonomy and development of the person.\u201d (Pope St. John Paul II, 30)<\/a><\/p>\n\u201c[T]he logic of profit and that of the equal distribution of goods...do not contradict each other if their relationship is well ordered. Naturally, profit is legitimate and, in just measure, necessary for economic development.\u201d\u00a0(Pope Benedict XVI)<\/a><\/p>\nHowever, \u201cOnce capital becomes an idol\u2026once greed for money presides over the entire socioeconomic system, it ruins society, it condemns and enslaves men and women, it destroys human fraternity, it sets people against one another\u201d. (Pope Francis, 1)<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tWhy Does the Church Support Free Markets?<\/span><\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tFor three main reasons<\/strong>:<\/span><\/h2>\n<\/span><\/p>\n1. Anthropological. <\/strong>All Catholic social teaching flows from understanding the inherent dignity of every person that comes from being made in God\u2019s image. Pope St. John Paul II, in Centesimus Annus<\/em>, thereby places economic freedom parallel to political freedom - understanding each person's unique value and freedom in the economic sphere.<\/span><\/p>\n2. Charitable.<\/strong> Catholic social teaching recognizes that free enterprise, rightly understood and implemented, is currently the best available vehicle for systemically caring for the physical needs of the poor and that a true global economy is the key way to create lasting development and thereby, peace. Catholic social teaching<\/span> says a \u201cbusiness economy has many positive aspects \u2013 its basis is human freedom exercised in the economic field\u201d.\u00a0(Centesimus Annus, 32)<\/a><\/span><\/p>\n3. Practical<\/strong>. <\/strong>\"Business is a noble vocation, <\/strong>directed to producing <\/strong>wealth and improving <\/strong>our world.\" (Pope Francis, 129)<\/a> <\/span><\/p>\nCatholic social teaching<\/span> also recognizes the free market for its:<\/span><\/p>\n\n- Better resource utilization;<\/span><\/li>\n
- Promotion of commerce, and;<\/span><\/li>\n
- Giving central place to individual desires and preferences in a contractual context. (Centesimus Annus, 40)<\/a><\/span><\/li>\n<\/ul><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t
READ MORE<\/h5>\n\t\t\t\tThe free market economy is a model that should be proposed to the third world \u2013 as long as it is \"circumscribed within a strong juridical framework which places it at the service of human freedom in its totality\". (Pope St. John Paul II, 42)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\tLearn more about Democracy & Free Markets<\/a>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tHowever, this Support is not Unequivocal<\/span><\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to abuse the economic process<\/strong> in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a> <\/span><\/p>\nIndeed, the current system \u201cis by now intolerable<\/strong>\u201d. \u201c[T]hat system has imposed the mentality of profit at any price, with no concern for social exclusion\u2026An unfettered pursuit of money rules. This is the 'dung of the devil\u2019<\/strong>.\u201d (Pope Francis, 1)<\/a><\/span><\/p>\n\u201cWe see how the world of finance can dominate mankind<\/strong>. Possession and appearance dominate and enslave the world. \u2026 Finance is no longer a tool to promote well being and to support the life of man, but a force that oppresses him, one which almost has to be worshipped\u201d. (Pope Benedict XVI)<\/a><\/span><\/p>\nIndeed, \u201cThe full gravity of the current economic crisis<\/strong>\u2026should be understood. This crisis has numerous causes and is a strong reminder of the need for a profound revision of the model of global economic development.\u201d (Pope Benedict XVI)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\tCatholic Social Teaching points out that \u201cbusiness management cannot concern itself only with the interests of the proprietors, but must also assume responsibility for all the other stakeholders who contribute to the life of the business: the workers, the clients, the suppliers of various elements of production, the community of reference\u201d.\u00a0(Pope Benedict XVI, 40)<\/a><\/span><\/p>\nAlso, \u201cCharity in truth requires that shape and structure be given to those types of\u00a0economic\u00a0initiative which, without rejecting profit, aim at a higher goal than the mere logic of the exchange of equivalents, of profit as an end in itself\u201d.\u00a0(Pope Benedict XVI, 38)<\/a><\/span><\/p>\nAmong<\/strong> the many positive effects<\/strong> of the global advancement of free markets, Pope Francis identifies a threat<\/strong>: \u201cIn many countries globalization has meant a hastened deterioration of their own cultural roots and the invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\u201d (Evangelii Gaudium, 62)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe Practice of Capitalism has Gone Astray<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\u201cWe have created a <\/span>\u2018throw away<\/span>\u2019 <\/span><\/strong>culture<\/strong> which is now spreading.<\/span>\u201d<\/h5><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tPope Francis, 53<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to\u00a0<\/span>abuse the\u00a0economic\u00a0process\u00a0<\/span><\/b>in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a><\/span><\/span><\/p>\nIt is now about \u201csomething new.\u00a0<\/span>Exclusion<\/b>\u2026those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are\u00a0<\/span>no longer<\/b> even a part of it.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n\u201c[H]<\/span>uman<\/span>\u00a0beings are themselves\u00a0<\/span>considered consumer goods<\/b>\u00a0to be used and then\u00a0<\/span>discarded<\/b>.\u201d (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n\u201cFinancial speculation fundamentally aimed at quick profit continues to wreak havoc\u201d (Fratelli Tutti, 168)<\/a><\/span><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\t\u201cThe excluded are not the 'exploited' but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t
A \u201cbusiness economy has many positive aspects - its basis is human freedom exercised in the economic field.\u201d<\/h5>\n\u201cIt would appear that at the national and international level the free market is the most\u00a0efficient way<\/strong> for utilizing resources and effectively responding to needs.\u201d<\/h5><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tPope St. John Paul II, 32, 34<\/a><\/p><\/div>\n\t\t\t<\/div><\/div><\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\tHOWEVER<\/strong><\/span><\/p>\nFree markets must be \u201ccircumscribed in a strong juridical framework, which places it at the service of human freedom in its totality\u201d. (Pope St. John Paul II, 42)<\/a><\/em><\/span><\/p>\n\u201cThe creation of this wealth must always be at the service of the common good, and not only for the benefit of a few.\u201d\u00a0(Pope Francis)<\/em><\/a><\/span><\/p>\nThe \u201cfree\u201d market advanced by Catholic social teaching is free -- within limits<\/strong>.<\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tA Free Economy<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe free market economy is an \u201cimportant source of wealth and should be viewed carefully and favorably.\u201d (Pope St. John Paul II, 32)<\/em><\/a><\/p>\nFor, \u201cCertainly every country needs economic growth and the creation of wealth, and the extension of these to each citizen, without exclusion.\u201d\u00a0(Pope Francis, 3)<\/em><\/a><\/p>\n\"[I]t is evident that this system [free markets] is not to be condemned in itself. And surely it is not of its own nature vicious.\"<\/span> (Pope Pius XI, 101)<\/a><\/p>\nA foundational guide is that \u201cmoney must serve, not rule\u201d.<\/strong> (Pope Francis)<\/em><\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tRead more<\/h5>\n\t\t\t\tCatholic social teaching \"requires respect for the \u200buniversal destination of goods\u200b\" (Catechism of the Catholic Church, 2401)<\/a> and has always understood that the right to private property is \u201cfundamental\u201d and a requirement \u201cfor the autonomy and development of the person.\u201d (Pope St. John Paul II, 30)<\/a><\/p>\n\u201c[T]he logic of profit and that of the equal distribution of goods...do not contradict each other if their relationship is well ordered. Naturally, profit is legitimate and, in just measure, necessary for economic development.\u201d\u00a0(Pope Benedict XVI)<\/a><\/p>\nHowever, \u201cOnce capital becomes an idol\u2026once greed for money presides over the entire socioeconomic system, it ruins society, it condemns and enslaves men and women, it destroys human fraternity, it sets people against one another\u201d. (Pope Francis, 1)<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tWhy Does the Church Support Free Markets?<\/span><\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tFor three main reasons<\/strong>:<\/span><\/h2>\n<\/span><\/p>\n1. Anthropological. <\/strong>All Catholic social teaching flows from understanding the inherent dignity of every person that comes from being made in God\u2019s image. Pope St. John Paul II, in Centesimus Annus<\/em>, thereby places economic freedom parallel to political freedom - understanding each person's unique value and freedom in the economic sphere.<\/span><\/p>\n2. Charitable.<\/strong> Catholic social teaching recognizes that free enterprise, rightly understood and implemented, is currently the best available vehicle for systemically caring for the physical needs of the poor and that a true global economy is the key way to create lasting development and thereby, peace. Catholic social teaching<\/span> says a \u201cbusiness economy has many positive aspects \u2013 its basis is human freedom exercised in the economic field\u201d.\u00a0(Centesimus Annus, 32)<\/a><\/span><\/p>\n3. Practical<\/strong>. <\/strong>\"Business is a noble vocation, <\/strong>directed to producing <\/strong>wealth and improving <\/strong>our world.\" (Pope Francis, 129)<\/a> <\/span><\/p>\nCatholic social teaching<\/span> also recognizes the free market for its:<\/span><\/p>\n\n- Better resource utilization;<\/span><\/li>\n
- Promotion of commerce, and;<\/span><\/li>\n
- Giving central place to individual desires and preferences in a contractual context. (Centesimus Annus, 40)<\/a><\/span><\/li>\n<\/ul><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t
READ MORE<\/h5>\n\t\t\t\tThe free market economy is a model that should be proposed to the third world \u2013 as long as it is \"circumscribed within a strong juridical framework which places it at the service of human freedom in its totality\". (Pope St. John Paul II, 42)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\tLearn more about Democracy & Free Markets<\/a>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tHowever, this Support is not Unequivocal<\/span><\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to abuse the economic process<\/strong> in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a> <\/span><\/p>\nIndeed, the current system \u201cis by now intolerable<\/strong>\u201d. \u201c[T]hat system has imposed the mentality of profit at any price, with no concern for social exclusion\u2026An unfettered pursuit of money rules. This is the 'dung of the devil\u2019<\/strong>.\u201d (Pope Francis, 1)<\/a><\/span><\/p>\n\u201cWe see how the world of finance can dominate mankind<\/strong>. Possession and appearance dominate and enslave the world. \u2026 Finance is no longer a tool to promote well being and to support the life of man, but a force that oppresses him, one which almost has to be worshipped\u201d. (Pope Benedict XVI)<\/a><\/span><\/p>\nIndeed, \u201cThe full gravity of the current economic crisis<\/strong>\u2026should be understood. This crisis has numerous causes and is a strong reminder of the need for a profound revision of the model of global economic development.\u201d (Pope Benedict XVI)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\tCatholic Social Teaching points out that \u201cbusiness management cannot concern itself only with the interests of the proprietors, but must also assume responsibility for all the other stakeholders who contribute to the life of the business: the workers, the clients, the suppliers of various elements of production, the community of reference\u201d.\u00a0(Pope Benedict XVI, 40)<\/a><\/span><\/p>\nAlso, \u201cCharity in truth requires that shape and structure be given to those types of\u00a0economic\u00a0initiative which, without rejecting profit, aim at a higher goal than the mere logic of the exchange of equivalents, of profit as an end in itself\u201d.\u00a0(Pope Benedict XVI, 38)<\/a><\/span><\/p>\nAmong<\/strong> the many positive effects<\/strong> of the global advancement of free markets, Pope Francis identifies a threat<\/strong>: \u201cIn many countries globalization has meant a hastened deterioration of their own cultural roots and the invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\u201d (Evangelii Gaudium, 62)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe Practice of Capitalism has Gone Astray<\/h4><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\u201cWe have created a <\/span>\u2018throw away<\/span>\u2019 <\/span><\/strong>culture<\/strong> which is now spreading.<\/span>\u201d<\/h5><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tPope Francis, 53<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tThe \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to\u00a0<\/span>abuse the\u00a0economic\u00a0process\u00a0<\/span><\/b>in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a><\/span><\/span><\/p>\nIt is now about \u201csomething new.\u00a0<\/span>Exclusion<\/b>\u2026those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are\u00a0<\/span>no longer<\/b> even a part of it.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n\u201c[H]<\/span>uman<\/span>\u00a0beings are themselves\u00a0<\/span>considered consumer goods<\/b>\u00a0to be used and then\u00a0<\/span>discarded<\/b>.\u201d (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n\u201cFinancial speculation fundamentally aimed at quick profit continues to wreak havoc\u201d (Fratelli Tutti, 168)<\/a><\/span><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\tREAD MORE<\/h5>\n\t\t\t\t\u201cThe excluded are not the 'exploited' but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t
Pope St. John Paul II, 32, 34<\/a><\/p><\/div>\n\t\t\t<\/div> HOWEVER<\/strong><\/span><\/p>\n Free markets must be \u201ccircumscribed in a strong juridical framework, which places it at the service of human freedom in its totality\u201d. (Pope St. John Paul II, 42)<\/a><\/em><\/span><\/p>\n \u201cThe creation of this wealth must always be at the service of the common good, and not only for the benefit of a few.\u201d\u00a0(Pope Francis)<\/em><\/a><\/span><\/p>\n The \u201cfree\u201d market advanced by Catholic social teaching is free -- within limits<\/strong>.<\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div> The free market economy is an \u201cimportant source of wealth and should be viewed carefully and favorably.\u201d (Pope St. John Paul II, 32)<\/em><\/a><\/p>\n For, \u201cCertainly every country needs economic growth and the creation of wealth, and the extension of these to each citizen, without exclusion.\u201d\u00a0(Pope Francis, 3)<\/em><\/a><\/p>\n \"[I]t is evident that this system [free markets] is not to be condemned in itself. And surely it is not of its own nature vicious.\"<\/span> (Pope Pius XI, 101)<\/a><\/p>\n A foundational guide is that \u201cmoney must serve, not rule\u201d.<\/strong> (Pope Francis)<\/em><\/a><\/p><\/div>\n\t\t\t<\/div> Catholic social teaching \"requires respect for the \u200buniversal destination of goods\u200b\" (Catechism of the Catholic Church, 2401)<\/a> and has always understood that the right to private property is \u201cfundamental\u201d and a requirement \u201cfor the autonomy and development of the person.\u201d (Pope St. John Paul II, 30)<\/a><\/p>\n \u201c[T]he logic of profit and that of the equal distribution of goods...do not contradict each other if their relationship is well ordered. Naturally, profit is legitimate and, in just measure, necessary for economic development.\u201d\u00a0(Pope Benedict XVI)<\/a><\/p>\n However, \u201cOnce capital becomes an idol\u2026once greed for money presides over the entire socioeconomic system, it ruins society, it condemns and enslaves men and women, it destroys human fraternity, it sets people against one another\u201d. (Pope Francis, 1)<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div> <\/span><\/p>\n 1. Anthropological. <\/strong>All Catholic social teaching flows from understanding the inherent dignity of every person that comes from being made in God\u2019s image. Pope St. John Paul II, in Centesimus Annus<\/em>, thereby places economic freedom parallel to political freedom - understanding each person's unique value and freedom in the economic sphere.<\/span><\/p>\n 2. Charitable.<\/strong> Catholic social teaching recognizes that free enterprise, rightly understood and implemented, is currently the best available vehicle for systemically caring for the physical needs of the poor and that a true global economy is the key way to create lasting development and thereby, peace. Catholic social teaching<\/span> says a \u201cbusiness economy has many positive aspects \u2013 its basis is human freedom exercised in the economic field\u201d.\u00a0(Centesimus Annus, 32)<\/a><\/span><\/p>\n 3. Practical<\/strong>. <\/strong>\"Business is a noble vocation, <\/strong>directed to producing <\/strong>wealth and improving <\/strong>our world.\" (Pope Francis, 129)<\/a> <\/span><\/p>\n Catholic social teaching<\/span> also recognizes the free market for its:<\/span><\/p>\n The free market economy is a model that should be proposed to the third world \u2013 as long as it is \"circumscribed within a strong juridical framework which places it at the service of human freedom in its totality\". (Pope St. John Paul II, 42)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div> The \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to abuse the economic process<\/strong> in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a> <\/span><\/p>\n Indeed, the current system \u201cis by now intolerable<\/strong>\u201d. \u201c[T]hat system has imposed the mentality of profit at any price, with no concern for social exclusion\u2026An unfettered pursuit of money rules. This is the 'dung of the devil\u2019<\/strong>.\u201d (Pope Francis, 1)<\/a><\/span><\/p>\n \u201cWe see how the world of finance can dominate mankind<\/strong>. Possession and appearance dominate and enslave the world. \u2026 Finance is no longer a tool to promote well being and to support the life of man, but a force that oppresses him, one which almost has to be worshipped\u201d. (Pope Benedict XVI)<\/a><\/span><\/p>\n Indeed, \u201cThe full gravity of the current economic crisis<\/strong>\u2026should be understood. This crisis has numerous causes and is a strong reminder of the need for a profound revision of the model of global economic development.\u201d (Pope Benedict XVI)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div> Catholic Social Teaching points out that \u201cbusiness management cannot concern itself only with the interests of the proprietors, but must also assume responsibility for all the other stakeholders who contribute to the life of the business: the workers, the clients, the suppliers of various elements of production, the community of reference\u201d.\u00a0(Pope Benedict XVI, 40)<\/a><\/span><\/p>\n Also, \u201cCharity in truth requires that shape and structure be given to those types of\u00a0economic\u00a0initiative which, without rejecting profit, aim at a higher goal than the mere logic of the exchange of equivalents, of profit as an end in itself\u201d.\u00a0(Pope Benedict XVI, 38)<\/a><\/span><\/p>\n Among<\/strong> the many positive effects<\/strong> of the global advancement of free markets, Pope Francis identifies a threat<\/strong>: \u201cIn many countries globalization has meant a hastened deterioration of their own cultural roots and the invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\u201d (Evangelii Gaudium, 62)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div> Pope Francis, 53<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div> The \u201cconviction that the economy must be autonomous, that it must be shielded from \u2018influences\u2019 of a moral character, has led man to\u00a0<\/span>abuse the\u00a0economic\u00a0process\u00a0<\/span><\/b>in a thoroughly destructive way.\u201d (Pope Benedict XVI, 34)<\/a><\/span><\/span><\/p>\n It is now about \u201csomething new.\u00a0<\/span>Exclusion<\/b>\u2026those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are\u00a0<\/span>no longer<\/b> even a part of it.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n \u201c[H]<\/span>uman<\/span>\u00a0beings are themselves\u00a0<\/span>considered consumer goods<\/b>\u00a0to be used and then\u00a0<\/span>discarded<\/b>.\u201d (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n \u201cFinancial speculation fundamentally aimed at quick profit continues to wreak havoc\u201d (Fratelli Tutti, 168)<\/a><\/span><\/span><\/p><\/div>\n\t\t\t<\/div> \u201cThe excluded are not the 'exploited' but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>READ MORE<\/h5>\n\t\t\t\t
<\/span>\n\t\t\t<\/div>\n\t\t\t<\/div>A Free Economy<\/h4><\/div>\n\t\t\t<\/div>
Read more<\/h5>\n\t\t\t\t
<\/span>\n\t\t\t<\/div>Why Does the Church Support Free Markets?<\/span><\/h4><\/div>\n\t\t\t<\/div>
For three main reasons<\/strong>:<\/span><\/h2>\n
\n
READ MORE<\/h5>\n\t\t\t\t
<\/span>\n\t\t\t<\/div>However, this Support is not Unequivocal<\/span><\/h4><\/div>\n\t\t\t<\/div>
READ MORE<\/h5>\n\t\t\t\t
The Practice of Capitalism has Gone Astray<\/h4><\/div>\n\t\t\t<\/div>
\u201cWe have created a <\/span>\u2018throw away<\/span>\u2019 <\/span><\/strong>culture<\/strong> which is now spreading.<\/span>\u201d<\/h5><\/div>\n\t\t\t<\/div>
READ MORE<\/h5>\n\t\t\t\t