We must raise $1,463 by March 31st to pay critical bills. Essential to continue our mission. Donate now!
Click here to advertise on CatholicCulture.org

Pope does not condemn capitalism, Cardinal Dolan writes

Catholic World News - May 23, 2014

In a column published in the Wall Street Journal, New York’s Cardinal Timothy Dolan argues that it is a mistake to interpret public statements by Pope Francis as condemnations of a capitalist economic system.

The Pope, Cardinal Dolan explains, has advanced the principles of Catholic social teaching, insisting “that economic and social activity must be based on the virtues of compassion and generosity.” The Holy Father does not condemn capitalism, he says, but reminds us that economic systems should be guided by moral standards.

Cardinal Dolan also reminds Journal readers that the Pope’s public statements are not aimed solely at American readers:

For many in developing or newly industrialized countries, what passes as capitalism is an exploitative racket for the benefit of the few powerful and wealthy.

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!

Progress toward our March expenses ($1,463 to go):
$35,000.00 $33,536.96
4% 96%
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.

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

Recent Catholic Commentary

Insights on the enigma that is Pope Francis 8 hours ago
Our Most Characteristic Vice? 8 hours ago
Recognizing the Noonday Devil 9 hours ago
Patricia Jannuzzi on gay activists: And the real problem is? 12 hours ago
Surrogate parenthood = exploitation of desperate women 14 hours ago

Top Catholic News

Most Important Stories of the Last 30 Days
Pope announces Jubilee: a Year of Mercy CWN - March 13