Camosy's Column: Catholic leaders should have the confidence to use our tradition as the basis for thinking about how to reform our institutions.
We say: This encyclical strikes at the heart of where and how we in the developed world live upon and relate to the rest of the planet.
Fr. Martin Schlag is a trained economist as well as a Catholic moral theologian, and when he first read some of Pope Francis’ powerful critiques of the current free market system, he had the same thought a lot of Americans did: “Just horrible.”
But at a meeting Monday at the Harvard Club, Schlag, an Austrian-born priest who teaches economics at an Opus Dei-run university in Rome, reassured a group of Catholics, many from the world of business and finance, that Francis’ views on capitalism aren’t actually as bad as he feared.
Joe Carter has written an interesting piece on the Acton Institute Power Blog.
It is interesting because it focuses on the fallibility of the financial community.
First, Rush Limbaugh and Glenn Beck labeled Pope Francis a Marxist. Now, The Economist is accusing him of following Vladimir Lenin.
The respected financial magazine accused the pope of following the founder of Soviet communism in adopting an "ultra radical line" on capitalism.
We say: Pope Francis' seven-word tweet appeared as if, history now behind him, Pope Francis was telling us where we have to go, as a church and human family.
When we lose a sense of the immortal, we lose more than a dusty old idea. We lose a sense of storied time. We lose a sense of beginning and end, and we float in a world where the devils easily have their way with us.
One devil is capitalism. Not all capitalism is demonic but enough of it is to notice and name. Some of it is energetic, curious and interesting, urgent to find the optimum human potential. But much of its wine has become vinegar. It acts like a whip, beating its horse to go faster and faster, long after the horse has no idea where it is going with such speed.
The only redeeming quality of "The Wolf of Wall Street" is that it demonstrates what Catholic social teaching complains about.