<\/p>\n
Globalization: Great Benefits, Big Risks<\/span><\/span><\/h1>\n <\/p>\n
by CAPP-USA<\/span><\/h5>\n <\/p>\n
\n![\"The](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2019\/04\/sea-ship-vehicle-harbor-port-cargo-ship-763206-pxhere.com_.jpg\")
<\/p>\n
The Problems of Globalization<\/p>\n<\/div>\n
Success!<\/span><\/span><\/strong><\/h2>\n
Capitalism has proven to be the greatest poverty relief program the world has ever known.<\/span><\/span><\/span><\/span><\/p>\nWhile COVID-19 has had an impact, by 2014 Bill and Melinda Gates were able to report:<\/span><\/span><\/p>\n\"In our lifetimes, the global picture of poverty has been completely redrawn. Per-person incomes in Turkey and Chile are where the U.S. was in 1960. China\u2019s real income per person has gone up eight-fold. India\u2019s had quadrupled, Brazil\u2019s has almost quintupled, and tiny Botswana\u2026has seen a 30-fold increase.<\/span><\/span><\/p>\n\"A new class of middle-income nations that barely existed 50 years ago now includes more than half the world\u2019s population\u2026Income per person in Africa has climbed by two-thirds since 1998\u2026Seven of the 10 fastest-growing economies of the past half-decade are in Africa\u2026Here\u2019s our prediction: By 2035, there will be almost no poor countries left in the world.\" (Gates, Bill and Melinda, (2014, 18-19 January). \"Three Myths About the World\u2019s Poor\", The Wall Street Journal<\/i>, p. C3).<\/span><\/span><\/p>\nBut, Not Triumphalism<\/span><\/strong><\/span><\/span><\/h2>\n
Pope St. John Paul II made clear, \"It is the strict duty of justice and truth not to allow fundamental human needs to remain unsatisfied\". (Centesimus Annus, 34)<\/a> Pope Francis echoed that there this is no reason for free market triumphalism as \"It is a well-known fact that\u2026millions of people are still suffering and dying of starvation\" while our culture deadens us to the problem. (Pope Francis, 1)<\/a><\/span><\/span><\/p>\nIndeed, \"a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion at the outcry of the poor, weeping for other people\u2019s pain, and feeling a need to help them, as though all this were someone else\u2019s responsibility and not our own.\" (Pope Francis, 54)<\/a><\/span><\/span><\/p>\nA Grave Risk<\/span><\/strong><\/span><\/span><\/h2>\n
Among the many positive effects of the global advancement of free markets lies a grave threat: \"In many countries globalization has meant a hastened deterioration of their own cultural roots\". (Pope Francis, 62)<\/a><\/span><\/span><\/p>\nThis creates a situation wherein \"the de facto interdependence of people and nations is not matched by ethical interaction of consciences and minds\" (Pope Benedict XVI, 7)<\/a>; an \"invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\" (Pope Francis, 62)<\/a><\/span><\/span><\/p>\nThe Greatest Problem?<\/span><\/strong><\/span><\/span><\/h2>\n
Perhaps the greatest danger of globalization is that \"human beings are themselves considered consumer goods to be used and then discarded. We have created a 'throw away' culture which is now spreading. It is no longer simply about exploitation and oppression, but something new:\" (Pope Francis, 53)<\/a> <\/span><\/span>\"This, dear friends is truly scandalous.\" (Pope Francis, 1)<\/a><\/span><\/span><\/p>\n\"A way has to be found to enable everyone to benefit from the fruits of the earth\". (Pope Francis, 1)<\/a><\/span><\/span><\/p>\n\"Exclusion ultimately has to do with what it means to be a part of the society in which we live; those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are no longer even a part of it. The excluded are not the \u2018exploited\u2019 but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\nWe must always remember that \"the mere fact that some people are born in places with fewer resources or less development does not justify the fact that they are living with less dignity.\" (Pope Francis, 190)<\/a><\/span><\/span><\/p>\nThe Solution to the Problems of Globalization<\/span><\/strong><\/span><\/span><\/h2>\n
Recalling how Pope St. John Paul II insisted free markets be circumscribed by a strong juridical framework, and placed at the service of human freedom in its totality (Centesimus Annus, 42)<\/a>, Pope Francis has challenged the current manifestation of free markets for failing this critical test. (Evangelii Gaudium, 56)<\/a><\/span><\/span><\/p>\nWe must recognize that \"[the] sharing of goods and resources, from which authentic development proceeds, is not guaranteed by merely technical progress and relationships of utility, but by the potential of love that overcomes evil with good\". (Pope Benedict XVI, 7)<\/a><\/span><\/span><\/p>\n\"[A] profound revision of the model of global economic development\" (Pope Benedict XVI)<\/a> is called for. One \"that would give rise to truly human development\". (Pope Benedict XVI, 7)<\/a><\/span><\/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\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 New Methodology for a New Economy<\/a><\/p>\nCatholic Social Teaching, Democracy, and Free Markets<\/a><\/p>\nWhat is Capitalism?<\/a><\/p>\nCapitalism vs. Socialism<\/a><\/p>\nWas Jesus a Capitalist?<\/a><\/p>\nWhat is a \u201cJust\u201d Distribution of Wealth?<\/a><\/p>\nGratuitousness: Catholic Social Teaching\u2019s Solution for Capitalism<\/a><\/p>\nThe Role of Profit in Business<\/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\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\tGood, Socially Responsible Business<\/a><\/p>\nCatholic Social Teaching and Economics by Domingo Bickel<\/a><\/p>\nThe Gig Economy and Rerum Novarum<\/a><\/p>\nTariffs and the Common Good<\/a><\/p>\nInflation and Catholic Social Teaching<\/a><\/p>\nPope Francis \u2013 An Economic Reformer and Provocateur<\/a><\/p>\nMark Carney, Pope Francis, and the Global Economy<\/a><\/p>\nThe \u2018Health of Nations\u2019 in Light of CST and Pope Francis<\/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\tMore About Economics<\/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<\/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\tBack to Articles<\/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<\/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<\/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\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t![\"Three](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2021\/02\/Three-Principles.png\")
<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tThree Key Principles<\/a><\/h2>Catholic social teaching is built on three foundational principles -\u00a0<\/strong>Human Dignity<\/strong>,\u00a0Solidarity\u00a0<\/strong>and\u00a0Subsidiarity.\u00a0<\/strong>Human Dignity, embodied in a correct understanding of the human person, is the greatest. The others flow from it. Good governments and good economic systems find ways of fostering the three principles.<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t![\"\"](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2021\/02\/Human-Dignity.png\")
<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tHuman Dignity<\/a><\/h2>This means a correct understanding of the human person and of each person\u2019s unique value. All Catholic social teaching flows from this: the inherent dignity of every person that comes from being made in God\u2019s image.\u00a0<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t![\"\"](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2021\/02\/Solidarity.png\")
<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tSolidarity<\/a><\/h2>Solidarity is not \u201ca feeling of vague compassion or shallow distress at the misfortunes of others. It is a firm and persevering determination to commit oneself to the common good\u201d. (Pope St. John Paul II, 38)<\/a> Love of God and love of neighbor are, in fact, linked and form one, single commandment.<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t![\"\"](\"https:\/\/capp-usa.org\/wp-content\/uploads\/2021\/02\/Subsidiarity.png\")
<\/div>\n\t\t\t\t\t\t
<\/p>\n
<\/p>\n
The Problems of Globalization<\/p>\n<\/div>\n
Success!<\/span><\/span><\/strong><\/h2>\n
Capitalism has proven to be the greatest poverty relief program the world has ever known.<\/span><\/span><\/span><\/span><\/p>\nWhile COVID-19 has had an impact, by 2014 Bill and Melinda Gates were able to report:<\/span><\/span><\/p>\n\"In our lifetimes, the global picture of poverty has been completely redrawn. Per-person incomes in Turkey and Chile are where the U.S. was in 1960. China\u2019s real income per person has gone up eight-fold. India\u2019s had quadrupled, Brazil\u2019s has almost quintupled, and tiny Botswana\u2026has seen a 30-fold increase.<\/span><\/span><\/p>\n\"A new class of middle-income nations that barely existed 50 years ago now includes more than half the world\u2019s population\u2026Income per person in Africa has climbed by two-thirds since 1998\u2026Seven of the 10 fastest-growing economies of the past half-decade are in Africa\u2026Here\u2019s our prediction: By 2035, there will be almost no poor countries left in the world.\" (Gates, Bill and Melinda, (2014, 18-19 January). \"Three Myths About the World\u2019s Poor\", The Wall Street Journal<\/i>, p. C3).<\/span><\/span><\/p>\nBut, Not Triumphalism<\/span><\/strong><\/span><\/span><\/h2>\n
Pope St. John Paul II made clear, \"It is the strict duty of justice and truth not to allow fundamental human needs to remain unsatisfied\". (Centesimus Annus, 34)<\/a> Pope Francis echoed that there this is no reason for free market triumphalism as \"It is a well-known fact that\u2026millions of people are still suffering and dying of starvation\" while our culture deadens us to the problem. (Pope Francis, 1)<\/a><\/span><\/span><\/p>\nIndeed, \"a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion at the outcry of the poor, weeping for other people\u2019s pain, and feeling a need to help them, as though all this were someone else\u2019s responsibility and not our own.\" (Pope Francis, 54)<\/a><\/span><\/span><\/p>\nA Grave Risk<\/span><\/strong><\/span><\/span><\/h2>\n
Among the many positive effects of the global advancement of free markets lies a grave threat: \"In many countries globalization has meant a hastened deterioration of their own cultural roots\". (Pope Francis, 62)<\/a><\/span><\/span><\/p>\nThis creates a situation wherein \"the de facto interdependence of people and nations is not matched by ethical interaction of consciences and minds\" (Pope Benedict XVI, 7)<\/a>; an \"invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\" (Pope Francis, 62)<\/a><\/span><\/span><\/p>\nThe Greatest Problem?<\/span><\/strong><\/span><\/span><\/h2>\n
Perhaps the greatest danger of globalization is that \"human beings are themselves considered consumer goods to be used and then discarded. We have created a 'throw away' culture which is now spreading. It is no longer simply about exploitation and oppression, but something new:\" (Pope Francis, 53)<\/a> <\/span><\/span>\"This, dear friends is truly scandalous.\" (Pope Francis, 1)<\/a><\/span><\/span><\/p>\n\"A way has to be found to enable everyone to benefit from the fruits of the earth\". (Pope Francis, 1)<\/a><\/span><\/span><\/p>\n\"Exclusion ultimately has to do with what it means to be a part of the society in which we live; those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are no longer even a part of it. The excluded are not the \u2018exploited\u2019 but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\nWe must always remember that \"the mere fact that some people are born in places with fewer resources or less development does not justify the fact that they are living with less dignity.\" (Pope Francis, 190)<\/a><\/span><\/span><\/p>\nThe Solution to the Problems of Globalization<\/span><\/strong><\/span><\/span><\/h2>\n
Recalling how Pope St. John Paul II insisted free markets be circumscribed by a strong juridical framework, and placed at the service of human freedom in its totality (Centesimus Annus, 42)<\/a>, Pope Francis has challenged the current manifestation of free markets for failing this critical test. (Evangelii Gaudium, 56)<\/a><\/span><\/span><\/p>\nWe must recognize that \"[the] sharing of goods and resources, from which authentic development proceeds, is not guaranteed by merely technical progress and relationships of utility, but by the potential of love that overcomes evil with good\". (Pope Benedict XVI, 7)<\/a><\/span><\/span><\/p>\n\"[A] profound revision of the model of global economic development\" (Pope Benedict XVI)<\/a> is called for. One \"that would give rise to truly human development\". (Pope Benedict XVI, 7)<\/a><\/span><\/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\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 New Methodology for a New Economy<\/a><\/p>\nCatholic Social Teaching, Democracy, and Free Markets<\/a><\/p>\nWhat is Capitalism?<\/a><\/p>\nCapitalism vs. Socialism<\/a><\/p>\nWas Jesus a Capitalist?<\/a><\/p>\nWhat is a \u201cJust\u201d Distribution of Wealth?<\/a><\/p>\nGratuitousness: Catholic Social Teaching\u2019s Solution for Capitalism<\/a><\/p>\nThe Role of Profit in Business<\/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\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\tGood, Socially Responsible Business<\/a><\/p>\nCatholic Social Teaching and Economics by Domingo Bickel<\/a><\/p>\nThe Gig Economy and Rerum Novarum<\/a><\/p>\nTariffs and the Common Good<\/a><\/p>\nInflation and Catholic Social Teaching<\/a><\/p>\nPope Francis \u2013 An Economic Reformer and Provocateur<\/a><\/p>\nMark Carney, Pope Francis, and the Global Economy<\/a><\/p>\nThe \u2018Health of Nations\u2019 in Light of CST and Pope Francis<\/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\tMore About Economics<\/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<\/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\tBack to Articles<\/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<\/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<\/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\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tThree Key Principles<\/a><\/h2>Catholic social teaching is built on three foundational principles -\u00a0<\/strong>Human Dignity<\/strong>,\u00a0Solidarity\u00a0<\/strong>and\u00a0Subsidiarity.\u00a0<\/strong>Human Dignity, embodied in a correct understanding of the human person, is the greatest. The others flow from it. Good governments and good economic systems find ways of fostering the three principles.<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tHuman Dignity<\/a><\/h2>This means a correct understanding of the human person and of each person\u2019s unique value. All Catholic social teaching flows from this: the inherent dignity of every person that comes from being made in God\u2019s image.\u00a0<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t
\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tSolidarity<\/a><\/h2>Solidarity is not \u201ca feeling of vague compassion or shallow distress at the misfortunes of others. It is a firm and persevering determination to commit oneself to the common good\u201d. (Pope St. John Paul II, 38)<\/a> Love of God and love of neighbor are, in fact, linked and form one, single commandment.<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
Capitalism has proven to be the greatest poverty relief program the world has ever known.<\/span><\/span><\/span><\/span><\/p>\n
While COVID-19 has had an impact, by 2014 Bill and Melinda Gates were able to report:<\/span><\/span><\/p>\n \"In our lifetimes, the global picture of poverty has been completely redrawn. Per-person incomes in Turkey and Chile are where the U.S. was in 1960. China\u2019s real income per person has gone up eight-fold. India\u2019s had quadrupled, Brazil\u2019s has almost quintupled, and tiny Botswana\u2026has seen a 30-fold increase.<\/span><\/span><\/p>\n \"A new class of middle-income nations that barely existed 50 years ago now includes more than half the world\u2019s population\u2026Income per person in Africa has climbed by two-thirds since 1998\u2026Seven of the 10 fastest-growing economies of the past half-decade are in Africa\u2026Here\u2019s our prediction: By 2035, there will be almost no poor countries left in the world.\" (Gates, Bill and Melinda, (2014, 18-19 January). \"Three Myths About the World\u2019s Poor\", The Wall Street Journal<\/i>, p. C3).<\/span><\/span><\/p>\n Indeed, \"a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion at the outcry of the poor, weeping for other people\u2019s pain, and feeling a need to help them, as though all this were someone else\u2019s responsibility and not our own.\" (Pope Francis, 54)<\/a><\/span><\/span><\/p>\n This creates a situation wherein \"the de facto interdependence of people and nations is not matched by ethical interaction of consciences and minds\" (Pope Benedict XVI, 7)<\/a>; an \"invasion of ways of thinking and acting proper to other cultures which are economically advanced but ethically debilitated.\" (Pope Francis, 62)<\/a><\/span><\/span><\/p>\n \"A way has to be found to enable everyone to benefit from the fruits of the earth\". (Pope Francis, 1)<\/a><\/span><\/span><\/p>\n \"Exclusion ultimately has to do with what it means to be a part of the society in which we live; those excluded are no longer society\u2019s underside or its fringes or its disenfranchised \u2013 they are no longer even a part of it. The excluded are not the \u2018exploited\u2019 but the outcast, the 'leftovers'.\" (Pope Francis, 53)<\/a><\/span><\/span><\/p>\n We must always remember that \"the mere fact that some people are born in places with fewer resources or less development does not justify the fact that they are living with less dignity.\" (Pope Francis, 190)<\/a><\/span><\/span><\/p>\n We must recognize that \"[the] sharing of goods and resources, from which authentic development proceeds, is not guaranteed by merely technical progress and relationships of utility, but by the potential of love that overcomes evil with good\". (Pope Benedict XVI, 7)<\/a><\/span><\/span><\/p>\n \"[A] profound revision of the model of global economic development\" (Pope Benedict XVI)<\/a> is called for. One \"that would give rise to truly human development\". (Pope Benedict XVI, 7)<\/a><\/span><\/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> A New Methodology for a New Economy<\/a><\/p>\n Catholic Social Teaching, Democracy, and Free Markets<\/a><\/p>\n What is Capitalism?<\/a><\/p>\n Capitalism vs. Socialism<\/a><\/p>\n Was Jesus a Capitalist?<\/a><\/p>\n What is a \u201cJust\u201d Distribution of Wealth?<\/a><\/p>\n Gratuitousness: Catholic Social Teaching\u2019s Solution for Capitalism<\/a><\/p>\n The Role of Profit in Business<\/a><\/p><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div> Good, Socially Responsible Business<\/a><\/p>\n Catholic Social Teaching and Economics by Domingo Bickel<\/a><\/p>\n The Gig Economy and Rerum Novarum<\/a><\/p>\n Tariffs and the Common Good<\/a><\/p>\n Inflation and Catholic Social Teaching<\/a><\/p>\n Pope Francis \u2013 An Economic Reformer and Provocateur<\/a><\/p>\n Mark Carney, Pope Francis, and the Global Economy<\/a><\/p>\n The \u2018Health of Nations\u2019 in Light of CST and Pope Francis<\/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> Catholic social teaching is built on three foundational principles -\u00a0<\/strong>Human Dignity<\/strong>,\u00a0Solidarity\u00a0<\/strong>and\u00a0Subsidiarity.\u00a0<\/strong>Human Dignity, embodied in a correct understanding of the human person, is the greatest. The others flow from it. Good governments and good economic systems find ways of fostering the three principles.<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t This means a correct understanding of the human person and of each person\u2019s unique value. All Catholic social teaching flows from this: the inherent dignity of every person that comes from being made in God\u2019s image.\u00a0<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t Solidarity is not \u201ca feeling of vague compassion or shallow distress at the misfortunes of others. It is a firm and persevering determination to commit oneself to the common good\u201d. (Pope St. John Paul II, 38)<\/a> Love of God and love of neighbor are, in fact, linked and form one, single commandment.<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\tBut, Not Triumphalism<\/span><\/strong><\/span><\/span><\/h2>\n
Pope St. John Paul II made clear, \"It is the strict duty of justice and truth not to allow fundamental human needs to remain unsatisfied\". (Centesimus Annus, 34)<\/a> Pope Francis echoed that there this is no reason for free market triumphalism as \"It is a well-known fact that\u2026millions of people are still suffering and dying of starvation\" while our culture deadens us to the problem. (Pope Francis, 1)<\/a><\/span><\/span><\/p>\nA Grave Risk<\/span><\/strong><\/span><\/span><\/h2>\n
Among the many positive effects of the global advancement of free markets lies a grave threat: \"In many countries globalization has meant a hastened deterioration of their own cultural roots\". (Pope Francis, 62)<\/a><\/span><\/span><\/p>\nThe Greatest Problem?<\/span><\/strong><\/span><\/span><\/h2>\n
Perhaps the greatest danger of globalization is that \"human beings are themselves considered consumer goods to be used and then discarded. We have created a 'throw away' culture which is now spreading. It is no longer simply about exploitation and oppression, but something new:\" (Pope Francis, 53)<\/a> <\/span><\/span>\"This, dear friends is truly scandalous.\" (Pope Francis, 1)<\/a><\/span><\/span><\/p>\nThe Solution to the Problems of Globalization<\/span><\/strong><\/span><\/span><\/h2>\n
Recalling how Pope St. John Paul II insisted free markets be circumscribed by a strong juridical framework, and placed at the service of human freedom in its totality (Centesimus Annus, 42)<\/a>, Pope Francis has challenged the current manifestation of free markets for failing this critical test. (Evangelii Gaudium, 56)<\/a><\/span><\/span><\/p>\n<\/div>\n\t\t\t\t\t\tThree Key Principles<\/a><\/h2>
<\/div>\n\t\t\t\t\t\tHuman Dignity<\/a><\/h2>
<\/div>\n\t\t\t\t\t\tSolidarity<\/a><\/h2>
<\/div>\n\t\t\t\t\t\t