Volume 2, Part 8

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Critics of capitalism claim that it leads to excess wealth and excessive consumerism. They argue that capitalism makes people greedy and materialistic. The fact is that not all persons participating in such economic systems are either.

The term commonly used to describe greed, avarice, and unjust worldly gain in the Bible is "Mammon." In the New Testament, Mammon refers to a "false god." The Bible does not condemn wealth or money, rightfully gained, as evil – the Bible says that the "... love of money is the root of all evils ... (1Tim 6:10)"

Nevertheless, it can be argued that "Big Business Globalism" is a manifestation of totalitarianism and is, therefore, inherently evil. More importantly, the "Principle of Subsidiarity" at the heart of the Catholic Church's social doctrine, properly applied, would be an effective antidote or remedy for both "Big Business Globalism" and "Big Government."
"Subsidiarity is an organizing principle that matters ought to be handled by the smallest, lowest or least centralized competent authority. Political decisions should be taken at a local level if possible, rather than by a central authority....

"The principle of subsidiarity was first formally developed in the encyclical Rerum Novarum of 1891 by Pope Leo XIII, as an attempt to articulate a middle course between liaissez-faire capitalism on the one hand and the various forms of communism, which subordinate the individual to the state, on the other. The principle was further developed in Pope Pius XI's encyclical Quadragesimo Anno of 1931, and Economic Justice for All by the United States Conference of Catholic Bishops. (Wikipedia)"

"It is a fundamental principle of social philosophy, fixed and unchangeable, that one should not withdraw from individuals and commit to the community what they can accomplish by their own enterprise and industry. (Pope Pius XI, Quadragesimo Anno, 79)"

Deacon Joseph B. Gorini, Mechanicsburg PA <///><  [First Published October 16, 2011]

Category: Volume 2

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