PapalEncyclicalUrgesCapitalismToShedInjustices-5/3/91-Steinfels,NYT- - 0 views
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Frederick Smith on 20 Feb 12"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."
