The Thomistic Institute

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

Jan 4, 2023
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INSIGHT

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.
INSIGHT

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.
INSIGHT

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.
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