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.
A Kinder Capitalism?
Show Comments (
)
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
The latest from america
AI priest “Father Justin,” a chatbot used to answer questions about the Catholic faith, has been renamed “Justin” and swapped out his virtual clerics for a button-down shirt after facing backlash from online users just one day after launching.
A portion of a new interview with Pope Francis will air tonight on the “CBS Evening News” at 6:30 p.m. Eastern, according to a release from the CBS News Communications office.
A Homily for the Fifth Sunday of Easter, by Father Terrance Klein
The reflections of Timothy Radcliffe, O.P., convinced me that Pope Francis' reframing of the scope and meaning of synods will have staying power, because it opens up a new model for the church.