Not Much For The Poor
January 30, 2009
When it comes to economics, Catholic social teaching is pragmatic, not ideological. While popes in the last 150 years have recognized that capitalism beats socialist economic systems in terms of human freedom and effectiveness, they have been under no illusion that, unless carefully managed, free market economics can inflict terrible pain and injustice. That’s why successive encyclicals on political and social matters have emphasized the “preferential option for the poor” and insisted that governments have a duty to protect the most vulnerable from the vagaries of the market while working for the common good of all.