Tuesday, July 7, 2009

Why Didn't Pope's Encyclical Mention "capitalism" Highlights of Vatican News Conference on Caritas in Veritate

I wanted to post this via the Action Inst. See Caritas in Veritate: Highlights from the Vatican Press Conference

Good stuff including this tidbit

Professor Zamagni noted the distinction between a market economy and capitalism (which was also made in Pope John Paul II’s Centesimus Annus, n. 42), adding that the Franciscans had a form of market economy in Italy long before the term “capitalism”, with its Marxist ideological connotations, ever existed.
- There were several questions about this very important distinction, with one French journalist noting an “anti-liberal, anti-capitalist” slant to the encyclical and another asking about the role of profit in a pre-capitalist, market economy. It was encouraging to hear Professor Zamagni deny the first and Cardinal Martino speak positively about the second
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Related today- The Ultimate 'CARITAS IN VERITATE' Papal Encyclical Linkfest and Updates

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