Making Sense of the Economic Crisis and Church Social Doctrine

Most countries in the world are still wrestling with the fallout of the collapse of the financial markets in the fall of 2008. In the U.S. there is an intriguing argument brewing over what if anything the USCCB should be advocating in terms of Government intervention in the economy. The Acton Institute, a conservative/libertarian economic think tank has recently decided to dwell on the meaning of the Church's doctrine of subsidiarity and how it should or shouldn't be applied to current economic thinking. Catholic Culture in the U.S., a news aggregator and commentator on all matters Catholic has also weighed in, but with a slighty more intense assertion about the real meaning of 'social doctrine'. It's worth reading both and as a thought experiment, substitute the word Canada everytime the words America, The United States or U.S.A are used.