Papal Economics
The Catholic Church on Democratic Capitalism, from Rerum Novarum to Caritas in Veritate
Description:... Of course, this praise is not unqualified. Papal Economics shows how the Church, especially through John Paul's teachings, distinguishes true democracy from false, and praiseworthy capitalism from the kind to be rejected. Moving beyond the narrow confines of secular discourse, Catholic social teaching highlights the dangers that arise when the market and the state are elevated to absolutes in themselves-when man's spiritual dimensions are subordinated to his material ones. Ultimately, anyone who cares about free markets and democracy must understand, and defend, the foundations on which they are built. For as John Paul suggested, in a world without truth, freedom loses its meaning, the market loses its efficiency, and democracy yields to statism.
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