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Catholic Social Teaching: Toward a More Humane Economy | Prof. Andrew Abela

The Thomistic Institute

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What Bellac Calls Capitalism?

What Bellac calls capitalism isn't necessarily what we mean by capitalism, he says. Every business does two things to be a business: It creates value and it captures value. And then you keep some of the money that people pay for the goods to pay employees,. Then you keep some for the owners of the business. But there are many different meanings to capitalism. Different people mean different things.

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