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
The people of God see the bishop of Rome as a teacher, but they also unquestionably see him as a father.
Since the death of Pope Francis, lists of his possible successors have proliferated on social media and in newspapers. Should you trust them?
A Homily for the Third Sunday of Easter, by Terrance Klein
In a pre-conclave meeting, an Italian cardinal, and backer of Cardinal Parolin as next pope, attacked Pope Francis for opening positions of responsibility in the church to men and women not in holy orders.