

Catholic Social Teaching: Toward a More Humane Economy | Prof. Andrew Abela
Jan 4, 2023
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Pope Leo XIII's Social Teaching
- Pope Leo XIII's 1891 encyclical Rarumnevarum addressed the 'social question' caused by industrial revolution hardships.
- He rejected abolishing private property and advocated for worker rights, employer duties, and Catholic unions.
Distributism Highlights Economic Freedom
- Distributism promotes economic freedom through widespread ownership of productive property.
- It opposes concentration of wealth and power, encouraging individuals to be self-dependent rather than wage workers.
Good vs Bad Capitalism
- Capitalism can mean creating value first or capturing profits first.
- Catholic teaching supports value-creating capitalism but rejects profit-maximizing capitalism that ignores others.