Economic Life by FaithfulInThe8th


									Economic Life
As per Chapter 7 of the Compendium of     serving society....recourse to usury is to   however, can make it degenerate into
the Social Doctrine of the Church,        be morally condemned....                     an inhuman & alienating institution….
“Through the gift of his Spirit & the                                                  “[The market must] be firmly rooted in
conversion of hearts, he [Jesus] comes    “The Church's social doctrine insists        its ethical objectives…. The idea that
to establish the 'Kingdom of God', so     on the need for business owners &            the market alone can be entrusted with
that a new manner of social life is       management to strive to structure            the task of supplying every category of
made possible, in justice, brotherhood,                                                               goods cannot be shared,
solidarity & sharing. The Kingdom                                                                     because such an idea is
inaugurated by Christ perfects the                                                                    based on a reductionist
original goodness of the created order                                                                vision of the person and
& of human activity, which were com-                                                                  society….
promised by sin. Freed from evil & be-                                                                Freedom         in     the
ing placed once more in communion                                                                     economic sector… must
with God, man is able to continue the                                                                 be      regulated       by
work of Jesus, with the help of his                                                                   appropriate legal norms
Spirit....                                                                                            so that it will be placed
                                                                                                      at the service of integral
“economic activity is to be considered                                                                human          freedom....
and undertaken as a grateful response
to the vocation which God holds out                                                                   "The action of the State
for each person....Economic activity                                                                  and of other public
and material progress must be placed                                                                  authorities must be
at the service of man and society....                                                                 consistent with the
Goods, even when legitimately owned,                                                                  principle of subsidiarity
always have a universal destination....                                                               and create situations
                                                                                                      favourable to the free
“The Fathers of the Church insist more    work in such a way so as to promote          exercise of economic activity. It must
on the need for the conversion and        the family, especially mothers, in the       also be inspired by the prin-ciple of
transformation of the consciences of      fulfilment of their duties….                 solidarity and establish limits for the
believers than on the need to change                                                   autonomy of the parties in order to
the social and political structures of    “A truly competitive market is an            defend those who are weaker.
their day….                               effective instrument for attaining
                                          important objectives of justice…. The        “Solidarity without subsidiaryity… can
“The social doctrine of the Church        free market cannot be judged apart           easily degenerate into a 'Welfare State',
recognizes the proper role of profit as   from the ends that it seeks…& the            while subsidiarity without solidarity
the first indicator that a business is    values that it transmits on a societal       runs the risk of encouraging forms of
functioning well....But this does not     level....The inversion of the relation-      self-centred localism....
cloud her awareness…that a business       ship between means and ends,
may show a profit while not properly
“Public spending is directed to the                                                       national boundaries....One of the
common good when certain funda-             “„....we are witnessing the emergence of      fundamental tasks of those actively
mental principles are observed:             an alarming gap between a series of           involved in international economic
   the payment of taxes as part of the     new „rights‟ being promoted in                matters is to achieve for mankind an
    duty of solidarity;                     advanced societies – the result of new        integral development in solidarity....
   a reasonable and fair application       prosperity and new technologies – and
    of taxes;                               other more basic human rights still not       “Rich countries have shown the ability
   precision & integrity in                being met, especially in situations of        to create material well-being, but often
    administering & distributing            underdevelopment. I am thinking here          at the expense of man and the weaker
    public resources.                       for example about the right                   social classes....
In the redistribution of resources,            to food and drinkable water,
public spending must observe the               to housing and security,                  “ The life of man, just like the social life
principles of solidarity, equality and         to self-determination & independence      of the community, must not be
making use of talents. It must also pay     – which are still far from being              reduced       to     its      materialistic
greater    attention     to    families,    guaranteed & realized'.[John Paul II,         dimension....
designating an adequate amount of           Message for the 2003 World Day of
resources….                                 Peace, 5: AAS 95 (2003), 343.]….              “Faced with the rapid advancement of
                                                                                          technological and economic progress,
“The social-economic system must be         “„Globalization must not be a new             and     with    the    equally    rapid
marked by the twofold presence of           version of colonialism. It must respect       transformation of the processes of
public & private activity, including pri-   the diversity of cultures which, within       production and consumption, the
vate non-profit activity....State inter-    the universal harmony of peoples, are         Magisterium senses the need to
vention should be characterized by a        life's interpretive keys. In particular, it   propose a great deal of educational and
genuine solidarity, which as such must      must not deprive the poor of what             cultural formation”
never be separated from subsidiarity….      remains most precious to them,
                                            including their religious beliefs &                        
“The phenomenon of consumerism              practices, since genuine religious                         
maintains a persistent orientation          convictions       are     the     clearest
                                            manifestation of human freedom'.                 “the common out-
towards 'having' rather than 'being'….
it is necessary to create 'lifestyles in    [John Paul II, Address to the Pontifical           cry, which is justly
                                            Academy of Social Sciences (27 April
which the quest for truth, beauty,
                                            2001), 4: AAS 93 (2001), 600.]….
                                                                                                made on behalf of
goodness and communion with others
for the sake of common growth are the
                                                                                                human rights -for
factors which determine consumer            “Solidarity    between      generations             example, the right
                                            requires that global planning take
choices, savings and investments'.
                                            place according to the principle of the                to health,
[John Paul II, Encyclical Letter
Centesimus Annus, 36: AAS 83 (1991),        universal destination of goods, which                   to home,
                                            makes it morally illicit & economically
                                            counterproductive to burden future                     to work,
“Looking after the common good              generations with the costs involved….                  to family,
means making use of the new
                                            “If the creation of what is called the
                                                                                                 to culture-
opportunities for the redistribution of
wealth among the different areas of the     'global capital market' has brought              is false & illusory
                                            benefits, thanks to the fact that the
planet, to the benefit of the under-
                                            greater mobility of capital allows the
                                                                                            if the right to life,
privileged that until now have been
excluded or cast to the sidelines of        productivity sector easier access to                 the most basic &
social and economic progress.[Cf. John      resources, on the other hand it has also           fundamental right
                                            increased the risk of financial crises.
Paul II, Address to members of the
                                            The financial sector, which has seen                 & the condition
“Centesimus Annus - Pro Pontifice”
Foundation (9 May 1998), 2:                 the volume of financial transactions far               for all other
L'Osservatore     Romano,        English    surpass that of real transactions, runs              personal rights,
edition, 27 May 1998, p. 6.]....            the risk of developing according to a
                                            mentality that has only itself as a point          is not defended
“The Church's social doctrine has time      of reference, without being connected                  with maximum
                                            to the real foundations of the
and again called attention to
                                            economy…..A financial economy that is
aberrations     in   the   system     of
international trade,[Cf. Paul VI,           an end unto itself is destined to                          
                                            contradict its goals....
Populorum Progressio, 61: AAS 59                                                              (Pope John Paul II,
(1967), 287.] which often, owing to
protectionist policies, discriminates       “The loss of centrality on the part of          Christifideles Laici)
against products coming from poorer         States must coincide with a greater
countries & hinders the growth of in-       commitment on the part of the
dustrial activity in & the transfer of      international community to exercise a
technology to these countries.[Cf. John     strong guiding role….The sphere of
Paul II, Encyclical Letter Sollicitudo      politics too, just like that of the
Rei Socialis, 43: AAS 80 (1988), 574-       economy, must be in a position to
575.]....                                   extend its range of action beyond

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