The truth of what John Paul wrote about economism hardly allows us to defend a system that fosters the desire for material goods as an end in itself.
It is much harder to make distinctions between beneficial and harmful innovations, and even more so between new things and new names for old things.
Internet commerce means we will buy almost nothing from local stores and instead sit at our computers, ordering from online venders often located far away.
Economic activity is part of that hierarchy of means and ends leading up to God, part of the homage to Christ the King which mankind is bound to offer.
The term “social justice” is little understood by most of those who use it—but the term does have a precise meaning as carefully explained by Pius XI.
Catholics assume that the reason for Pius’ declaration against socialism was the economic or perhaps the political practices of socialists.
Il profitto deriva da un lato, il lavoro di organizzazione e direzione del titolare di un’impresa, dall’altro il rischio a cui si sottopone.