- Jun 14, 2021
Just as Pope Francis is calling for a rethink of the free market economy, some Catholics are emphasizing capitalism is in keeping with Catholic doctrine, and say they are backed by Pope St. John Paul II.
Closing the XXIII annual meeting of Argentina’s Christian Association of Business Executives (ACDE), the country’s president called for the recovery of the “best capitalism” exemplified by the ACDE’s founder Enrique Shaw, who is being considered for sainthood.
The story of Crystal Cathedral in Orange County, California, is a quintessentially American one, capturing at least three of the defining characteristics of Catholicism in the U.S. over its history.
A new two-volume manuscript on political and social philosophy, authored by St. John Paul II in the 1950s, will dispel views of him as “an intellectual cut off from social concerns” and clarify his lifelong stance on political and ideological issues, said the book’s editor.
In a speech at Villanova on Thursday, Archbishop Chaput said the increased role of government is in response to the collapse of civil society.
In his analysis of neoliberalism, Pope Francis diagnoses our cultural situation as one in which many people devote themselves to the idol of money, choosing mammon over God. He identifies how “the faceless economy” distorts our values, what we give time and energy to, and what we are able to see or not.
In terms of broad public perceptions, Pope Francis is often seen as hostile to Capitalism and no real friend of corporate culture. Yet on Saturday in Genoa, he delivered a reflection on business activity worthy of a graduate-level MBA program, among other things arguing that exploiting workers isn’t just immoral but also economically self-defeating.