Click here to advertise on CatholicCulture.org

Vatican official: Pope not calling for abandonment of market economy

Catholic World News - July 14, 2014

The secretary of the Pontifical Council for Justice and Peace has told Vatican Radio that Pope Francis is not calling for the abandonment of the market economy.

Bishop Mario Toso made his remarks as the pontifical council held a two-day conference entitled “The Global Common Good: Towards a More Inclusive Economy.” According to Vatican Radio, Bishop Toso

said distorted interpretations of the Pope’s words and accusations of Marxism underlined the need to explain that the Pope’s proposal for an “economy that is always more inclusive” does not imply the abandonment of a market economy, and that his allusion to an “economy that kills” refers to the idolatry of money.

In a press release issued prior to the conference, the pontifical council stated that “the seminar materials confirm that Catholic Social Teaching does not fight a market-based economy provided it operates in a coordinated fashion and is oriented toward the common good; where the free market develops with inclusivity, stability, transparency and democracy (rather than an oligarchy). This means an economy that considers its political and philosophical base as well as its financial impact.”

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 July expenses ($33,425 to go):
$35,000.00 $1,574.95
96% 4%
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!

Show 1 Comments? (Hidden)Hide Comments
  • Posted by: bruno - Jul. 14, 2014 8:00 PM ET USA

    I suppose we can say, the good news is that we find ourselves passionately engaging in discussions about the proper role of the market place in christian society. So, while the Holy Father's comments may be poorly phrased or taken out of context, it is causing the matter to be reflected upon through much recasting and clarification.

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

Recent Catholic Commentary

Making Moral Progress? 22 hours ago
Vatican statement clarifies duties of Catholic faithful after Obergefell decision July 2
Political battles vs. sacrificial service: The Brooks paradox revisited July 2
A Baptist leader with a message the Synod of Bishops should hear June 30
'Helpful' advice for social conservatives: ignore causes, deal with effects June 30

Top Catholic News

Most Important Stories of the Last 30 Days
Pope approves process for holding bishops accountable in abuse cases CWN - June 10
Pope Francis’ 2nd encyclical released (includes link to full text) CWN - June 18
US Supreme Court rules all states must recognize same-sex marriage CWN - June 26
Archbishop Nienstedt, auxiliary bishop resign CWN - June 15