Group items tagged

"In a major encyclical addressing the economic questions raised by the upheaval in Eastern Europe in 1989, Pope John Paul II warned capitalist nations yesterday against letting the collapse of Communism blind them to the need to repair injustices in their own economic system. "The encyclical, "Centesimus Annus" ("The Hundredth Year"), includes the fullest, and in many ways the most positive, treatment of the market economy in any papal document. But praise is typically followed with qualifications and ringing reminders about economic failures in both developing and developed countries."

'Capitalism must be corrected: The social doctrine of the Church stands above existing economic systems, since it confines itself to the level of principles. An economic system is good only to the extent that it applies the principles of justice taught by the Church. As Pope John Paul II wrote in 1987, in his encyclical letter Sollicitudo Rei Socialis: "The tension between East and West is an opposition... between two concepts of the development of individuals and peoples, both concepts being imperfect and in need of radical correction... This is one of the reasons why the Church's social doctrine adopts a critical attitude towards both liberal capitalism and Marxist collectivism." '