What is the Churchs stance on capitalism or the free-market economy? Any form of capitalism that is not embedded in an established system of law runs the risk of detaching itself from the common good and becoming a mere means for individuals to make profits. The Church rejects that decisively. On the other hand, she supports a free-market system which is at the service of man, prevents monopolies, and ensures that all are supplied with employment and vitally necessary goods. Catholic social teaching evaluates all societal arrangements according to whether they serve the common good (common good), which means: to the extent that they enable men, families, and associations more adequately and readily [to] attain their own perfection (Second Vatican Council, GS). This is also true of commerce, which in the first place should be at the service of man. (YOUCAT questions 441-442)
Posted on: Mon, 01 Sep 2014 16:21:19 +0000
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