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Does the Church Condemn Capitalism?

Discussion in 'OBOB General Politics Forum' started by Michie, May 11, 2011.

  1. Michie

    Michie Perch Perkins. Catholic reporter. ;) Supporter

    The headline of a report on a recent survey summed up its findings: “Capitalism Against Christianity, Americans Believe.”

    Is that good news or bad news? What should Catholics think? Does Catholic social teaching imply opposition to capitalism?

    The answers you get to those questions would no doubt differ dramatically depending on whom you ask. Although it’s true that faithful Catholics have divergent opinions about matters involving the interpretation of Catholic social teaching and the assessment of economic facts, much of the heat such differences generate is due less to fundamental differences of principle and more to failure to take into account the wisdom of Voltaire. “If you wish to converse with me,” he said, “define your terms.”

    Continued- http://www.crisismagazine.com/2011/does-the-church-condemn-capitalism
  2. JacktheCatholic

    JacktheCatholic Praise be to Jesus Christ. Now and forever.

    Yes. Capitalism leads to greed and neglect of human life.
  3. SolomonVII

    SolomonVII Well-Known Member

    Capitalism leads to freedom and individual initiative.
  4. Dark_Lite

    Dark_Lite Chewbacha

    History tells us that completely unrestricted capitalism lead to neglect of human life as JacktheCatholic said. History also tells us that communism fails utterly each and every time it is implemented. A balance is needed.
  5. MKJ

    MKJ Contributor

    The Catholic Church is pretty hard on capitalism in the encyclicals that talk about economics. Pope Benidict and JPII have also spoken extensivly on capitalism and its limits, and the importence, and the necessity, of a just distribution of goods, and the problems in the underlying assumptions of capitalism.

    There are lots of interesting books on the topic. A good one that was fundamental in Catholic thinking on this issue is The Serville State. In it, he argues, among other things, that capitalism is essentially a Protestant system that replaced a developing, really Catholic economic form.

    Some other sources:
    Ecclesia in America
    Centisimus Annus
    Market Economy and Ethics

    There is really a ton of information available on this subject even online, one could really spend years on it.