Economic Life by FaithfulInThe8th


									Economic Life
As per Chapter 7 of the Compendium of the Social   supplying every category of goods cannot be        “The social-economic system must be marked
Doctrine of the Church, “Through the gift of his   shared, because such an idea is based on a         by the twofold presence of public & private
Spirit & the conversion of hearts, he [Jesus]      reductionist vision of the person and              activity,     including  private     non-profit
comes to establish the 'Kingdom of God', so        society….Freedom in the economic sector…           activity....State intervention    should be
that a new manner of social life is made           must be regulated by appropriate legal norms       characterized by a genuine solidarity, which as
possible, in justice, brotherhood, solidarity &    so that it will be placed at the service of        such must never be separated from
sharing. The Kingdom inaugurated by Christ         integral human freedom....                         subsidiarity….
perfects the original goodness of the created
order & of human activity, which were com-         "The action of the State and of other public       “The phenomenon of consumerism maintains
promised by sin. Freed from evil & being           authorities must be consistent with the            a persistent orientation towards 'having'
placed once more in communion with God,            principle of subsidiarity and create situations    rather than 'being'…. it is necessary to create
man is able to continue the work of Jesus,         favourable to the free exercise of economic        'lifestyles in which the quest for truth, beauty,
with the help of his Spirit....                    activity. It must also be inspired by the          goodness and communion with others for the
                                                   principle of solidarity and establish limits for   sake of common growth are the factors which
“economic activity is to be considered and         the autonomy of the parties in order to defend     determine consumer choices, savings and
undertaken as a grateful response to the           those who are weaker.                              investments'. [John Paul II, Encyclical Letter
vocation which God holds out for each                                                                 Centesimus Annus, 36: AAS 83 (1991),
person....Economic activity and material           “Solidarity without subsidiarity… can easily       839.]....
progress must be placed at the service of man      degenerate into a 'Welfare State', while
and society....Goods, even when legitimately       subsidiarity without solidarity runs the risk of   “Looking after the common good means
owned, always have a universal destination....     encouraging forms of self-centred localism....     making use of the new opportunities for the
                                                                                                      redistribution of wealth among the different
“The Fathers of the Church insist more on the      “Public spending is directed to the common         areas of the planet, to the benefit of the under-
need for the conversion and transformation of      good when certain fundamental principles are       privileged that until now have been excluded
the consciences of believers than on the need      observed:                                          or cast to the sidelines of social and economic
to change the social and political structures of       the payment of taxes as part of the duty of   progress.[Cf. John Paul II, Address to
their day….                                             solidarity;                                   members of the “Centesimus Annus - Pro
                                                       a reasonable and fair application of taxes;   Pontifice” Foundation (9 May 1998), 2:
“The social doctrine of the Church recognizes          precision & integrity in administering &      L'Osservatore Romano, English edition, 27
the proper role of profit as the first indicator        distributing public resources.                May 1998, p. 6.]....
that a business is functioning well....But this    In the redistribution of resources, public
does not cloud her awareness…that a business       spending must observe the principles of            “The Church's social doctrine has time and
may show a profit while not properly serving       solidarity, equality and making use of talents.    again called attention to aberrations in the
society....recourse to usury is to be morally      It must also pay greater attention to families,    system of international trade,[Cf. Paul VI,
condemned....                                      designating an adequate           amount of        Populorum Progressio, 61: AAS 59 (1967),
                                                   resources….                                        287.] which often, owing to protectionist
“The Church's social doctrine insists on the                                                                               policies,   discriminates
need for business owners & management to                                                                                   against products coming
strive to structure work in such a way so as to                                                                            from poorer countries &
promote the family, especially mothers, in the                                                                             hinders the growth of in-
fulfilment of their duties….                                                                                               dustrial activity in & the
                                                                                                                           transfer of technology to
“A truly competitive market is an effective                                                                                these countries.[Cf. John
instrument for attaining important objectives                                                                              Paul II, Encyclical Letter
of justice…. The free market cannot be judged                                                                              Sollicitudo Rei Socialis,
apart from the ends that it seeks…& the values                                                                             43: AAS 80 (1988), 574-
that it transmits on a societal level....The                                                                               575.]....
inversion of the relation-ship between means
and ends, however, can make it degenerate                                                                                   “„....we are witnessing the
into an inhuman & alienating institution….                                                                                  emergence        of      an
“[The market must] be firmly rooted in its                                                                                  alarming gap between a
ethical objectives…. The idea that the market                                                                               series of new „rights‟
alone can be entrusted with the task of                                                                                     being      promoted      in
advanced societies – the result of new                “Faced with the rapid advancement of
prosperity and new technologies – and other           technological and economic progress, and
more basic human rights still not being met,          with the equally rapid transformation of the
especially in situations of underdevelopment.
I am thinking here for example about the right
                                                      processes of production and consumption, the
                                                      Magisterium senses the need to propose a
                                                                                                                  “We don’t
    to food and drinkable water,                     great deal of educational and cultural
                                                                                                               legislate at the
    to housing and security,
    to self-determination &                                                                                    orders of the
     independence
– which are still far from being guaranteed &                                                                      Vatican”
realized'.[John Paul II, Message for the 2003                                                                 (Patrick Murphy, Nov., ‘09)
World Day of Peace, 5: AAS 95 (2003),

“„Globalization must not be a new version of
colonialism. It must respect the diversity of
cultures which, within the universal
harmony of peoples, are life's interpretive
keys. In particular, it must not deprive the
poor of what remains most precious to them,
including their religious beliefs & practices,
since genuine religious convictions are the
clearest manifestation of human freedom'.
[John Paul II, Address to the Pontifical
Academy of Social Sciences (27 April 2001),
4: AAS 93 (2001), 600.]….

“Solidarity between generations requires that
global planning take place according to the
principle of the universal destination of                                                                        “the Church's mission is to
goods, which makes it morally illicit &                                                                          ‘pass moral judgments even in
economically counterproductive to burden                                                                         matters relating to politics,
future generations with the costs involved….
                                                                                                                 whenever the fundamental
                                                                                                                 rights of man or the salvation
“If the creation of what is called the 'global
capital market' has brought benefits, thanks to
                                                                                                                 of souls requires it’....
the fact that the greater mobility of capital
allows the productivity sector easier access to                                                                  “It is...the duty of the laity to
resources, on the other hand it has also                                                                         participate actively in political
increased the risk of financial crises. The                                                                      life, in a manner consistently in
financial sector, which has seen the volume of                                                                   accordance with the Church's
financial transactions far surpass that of real                                                                  teaching....
transactions, runs the risk of developing
according to a mentality that has only itself as
a point of reference, without being connected                                                                    “the contribution of Christians
to the real foundations of the economy…..A                                                                       can be effective only if knowl-
financial economy that is an end unto itself is                                                                  edge of faith becomes knowl-
destined to contradict its goals....                                                                             edge of reality, the key to judge
                                                                                                                 ment & transformation”
“The loss of centrality on the part of States
must coincide with a greater commitment on                                                                             (Pope Benedict XVI,
the part of the international community to                                 
exercise a strong guiding role….The sphere of                   “the common out-cry, which is justly
politics too, just like that of the economy,                     made on behalf of human rights -for
must be in a position to extend its range of                  example, the right to health, to home, to
action beyond national boundaries....One of
the fundamental tasks of those actively                         work, to family, to culture- is false &
involved in international economic matters is                illusory if the right to life, the most basic
to achieve for mankind an integral                           & fundamental right & the condition for
development in solidarity....
                                                              all other personal rights, is not defended
“Rich countries have shown the ability to                          with maximum determination”
create material well-being, but often at the                     (Pope John Paul II, Christifideles Laici)
expense of man and the weaker social

“ The life of man, just like the social life of the
community, must not be reduced to its
materialistic dimension....

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