Word: capitalisme
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THE U.S. CATHOLIC Bishops' Conference ruffled more than a few feathers last month in issuing a controversial document condemning the inequities of American capitalism.
In much the same way, democracies view history with selective amnesia. "As things are now . . . only the West's failures, crimes and weaknesses deserve to be recorded by history," says Revel, while totalitarian reality "is what Soviet leaders are preparing to do now" in the way of promised reforms...
Yet Chinese authorities seemed willing to let the money-changers operate. It was a further signal of their determination to shift from a planned, predictable economy to an open one. That approach has had spectacular success in the countryside over the past two years. Last month delegates to the Third...
The lay critics argue that the bishops' letter fails to acknowledge the power of American capitalism to create jobs and paths out of poverty. Instead, they contend, the prelates call for Government solutions that already have been tried and found wanting. Said Novak: "In a document that's...
The letter is the latest in a long series of Catholic pronouncements on economic questions. Beginning with Pope Leo Kill's 1891 encyclical Rerum Novarum, which stressed the right of individuals to a living wage, the church has consistently called for improvements in the lot of workers. In 1919...