Catholic social teaching has always acknowledged a role for government regulation of the economy. The economy is to promote the common good, not benefit owners and investors alone.
Economics
Posted inNews, Politics & Society
Top Vatican official says London property deal was a double ‘Via Crucis’
Ten people are on trial in the Vatican, facing multiple charges regarding the Vatican Secretariat of State’s investment in a property on Sloane Avenue in London. The Vatican lost more than $200 million on the deal.
Posted inFaith, News
Pope Francis says cardinals, top Vatican officials, must pay rent on Vatican housing
The pope said that cardinals and senior Vatican officials will now have to pay “ordinary” rent payments on the apartments owned by the Vatican in Rome.
Posted inPolitics & Society, Vatican Dispatch
Pope Francis says he does not ‘condemn capitalism’ in new book
“I do not condemn capitalism in the way some attribute to me. Nor am I against the market [economy],” Pope Francis stated in El Pastor, a new book by two Argentine journalists.
Posted inPolitics & Society, Short Take
Pope Francis, not Adam Smith, is right: A belated apology to my Econ 101 students
I introduced students to a worldview completely at odds with the one expressed by Pope Francis. In doing so, I rationalized greed and dismissed the idea of a common good.
Posted inPolitics & Society, Short Take
The U.S. has a moral responsibility to raise its national debt ceiling
Refusing to raise the cap on our national debt would not lead to reduced government spending. But it would endanger economies all over the world.
Posted inFaith, Vantage Point
From 1936: Fulton Sheen on Catholicism, Communism and the need for intolerance
If the world is to be saved from the evils of communism, Archbishop Fulton Sheen argued, only the Catholic Church, with its intolerance for falsehood, is up to the task.
Posted inDispatches, Politics & Society
Bitcoin blessings: Inside the curious world of Catholic crypto enthusiasts
Electronic encryption allows people to keep a list of information secure and untouchable by centralized powers. To some investors and speculators, and apparently to some Catholics, that possibility holds enormous appeal.
Posted inFaith, News
Sister Pat Daly, whose ministry held corporations accountable to their customers and the planet, dies at 67
Sister Daly spent parts of five decades as a religious in corporate accountability and shareholder advocacy.
Posted inFaith, Vatican Dispatch
Pope Francis accepts resignation of top Vatican economy official, appoints lay man to role for first time
As the new prefect, Maximino Caballero Ledo becomes the second lay man to hold a top position in the Vatican.