Challenge Grant: Our Boosters will match donations up to $45,000. We have $36,749 to go. Please donate!
Click here to advertise on CatholicCulture.org

Pope challenges Christians in marketplace: find economic logic beyond profit

Catholic World News - October 17, 2011

The enormous social and economic changes of the past 120 years have not changed the “inner richness” of Rerum Novarum, the ground-breaking social encyclical of Pope Leo XIII, Pope Benedict XVI said on October 15.

Pope Benedict was speaking to the Centesimus Annus Pro Pontifice foundation, which was holding its annual conference in Rome on the 20th anniversary of Centesimus Annus--the encyclical released by Pope John Paul II to mark the 100th anniversary of Rerum Novarum. The foundation’s conference also coincided with the 30th anniversary of Familiaris Consortio, in which Blessed John Paul II reflected on the vocation of the family. Therefore the foundation had dedicated its conference to a discussion of economics and family life.

Pope Benedict remarked that “economic laws must always take account of the interests and the protection of this fundamental cell of society.” In today’s troubled economic environment, many families are suffering and a new approach to economic affairs is needed, the Pontiff argued.

Simple justice is not enough to ensure an economic system that favors the family, the Pope said. “In order for true justice to exist, it is necessary to add gratuitousness and solidarity.” These qualities are not ensured by the free market, nor can they be delegated to the state, he said.

Thus, the Pope said, the challenge for Christians is to devise “those types of economic initiative which, without rejecting profit, aim at a higher goal than the mere logic of the exchange of equivalents, of profit as an end in itself.”

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($125,128 to go):
$150,000.00 $24,872.05
83% 17%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

The Church Moves On, Slowly 17 hours ago
Is Cardinal Kasper losing his grip? 21 hours ago
The Pope is not the problem October 23
Do not confuse sacramental discipline and Catholic doctrine. October 23
Ignatius Press into the Breach: Trumping the Kasper Proposal October 22

Top Catholic News

Most Important Stories of the Last 30 Days
Key synod report calls for 'gradualism' in Church response to irregular family situations CWN - October 13
As synod concludes, bishops issue message, approve document; Pope weighs in CWN - October 20
Cardinal Parolin: UN must protect innocents from Islamic State CWN - September 30
Synod of Bishops opens with Mass in St. Peter’s Basilica CWN - October 6