Word: ownerships
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Dates: during 1960-1969
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...Pope coupled his demands for international economic planning with a surprisingly sharp attack on the "woeful system" of unfettered capitalism. "It is unfortunate that a system has been constructed which considers profit as the key motive for economic progress, competition as the supreme law of economics, and private ownership of the means of production as an absolute right that has no limits and carries no corresponding social obligation." By contrast, there was little said about the dangers and evils of socialism or Communism, except for a mild warning that Christians should be wary of systems that are "based upon...
...Progressio shifts considerably to the left of previous papal encyclicals in its criticism of private property. In his celebrated Rerum Novarum of 1891, Pope Leo XIII argued that economic reform must take into account "the inviolability of private property"; Pope John's Mater et Magistra likewise termed private ownership "a natural right" of man. Paul, on the other hand, declared that property ownership "does not constitute for anyone an absolute and unconditional right. No one is justified in keeping for his exclusive use what he does not need when others lack necessities. The right to property must never...
...Senate, Percy has been the most active of the freshman Republicans, giving energetic support to ratification of the consular treaty and introducing a pet program to stimulate home ownership among low-income groups. His housing proposal attracted 27 cosponsors, rare backing for a Senate neophyte...
...barely under way, the Japanese are fearful that other countries' automakers, particularly Detroit, will soon try to return the compliment in force. So far, a foreign invasion has been held off by high (up to 40%) auto-import tariffs and a stiff capital-investment law that limits foreign ownership to 50% of any new venture and 15% of any existing Japanese firm. Japan is under strong world pressure to ease that law, and Ford is said to be shopping around for permanent residences...
...needs to build up facilities from scratch. At Columbia, Md., for example, where nine "planned villages" are under construction, a dozen Protestant denominations have pledged more than $2,000,000 to construct campuslike, multichapeled spiritual centers in each. While the churches will conduct separate services, they plan to share ownership of the centers, maintain common administrative and teaching staffs, libraries and other community facilities...