A Kinder Capitalism?

Cardinal Reinhard Marx of Germany called for a “social market economy” in the wake of the fiscal crisis that has gripped much of Europe over the past year. In a talk delivered on May 30 at Georgetown University in Washington, D.C., Cardinal Marx, the archbishop of Munich and Freising and a member of both the Congregation for Catholic Education and the Pontifical Council for Justice and Peace, said the economy needed to move “beyond capitalism” in order to be more fair. He added that he was not calling for the abolition of capitalism, saying that capitalism was “an element” in the social market economy he has in mind. But Cardinal Marx suggested that it was the practice of “financial capitalism” in the era since the fall of the Iron Curtain that had brought Europe to its crisis point today.

Don't miss the best from America

Sign up for our Newsletter to get the Jesuit perspective on news, faith and culture.

The latest from america

A youth takes the Eucharist from Monsignor Gregorio Rosa Chavez during a Mass giving thanks for Pope Francis' announcement that Chavez will be elevated to the rank of cardinal, at San Francisco de Asis parish church in San Salvador, El Salvador on Monday, May 22, 2017. (AP Photo/Salvador Melendez)
Rosa Chavez has a reputation as a man of the people, warm and quick to smile.
Fan leaves the Park Inn hotel in central Manchester, England, on Tuesday, May 23, 2017. Over a dozen people were killed in an explosion following a Ariana Grande concert at the Manchester Arena late Monday evening. (AP Photo/Rui Vieira)
Pope Francis sent his condolences and prayers to all those affected "by this senseless act of violence" in Manchester, England.
In this photo taken May 19, 2017, a GPO worker stacks copies of "Analytical Perspectives Budget of the U.S. Government Fiscal Year 2018" onto a pallet at the U.S. Government Publishing Office's (GPO) plant in Washington. (AP Photo/Carolyn Kaster)
The budget’s moral measure will be assessed by “how well it promotes the common good of all,” the bishops write.
Kevin ClarkeMay 22, 2017
A veteran activist provides a blueprint for creating a movement in the moment of Trump.
Nathan SchneiderMay 22, 2017