Vatican's View of Capitalism

Summary


Jack Kemp's column "A defining encyclical" (Commentary, Thursday) correctly notes that under Pope John Paul II, the Catholic Church changed its formerly more-or-less anti-capitalistic views and became accepting of capitalism, not only as an economic issue, but also recognizing its moral underpinnings.

The pope pointed out in his encyclical "Centesimus Annus" that being a capitalistic businessman and trying to be successful require individual virtues.

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Vatican's View of Capitalism

We should realize that in this encyclical, the pope...

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