Opposed to the social doctrine of the Church are economic and social systems that sacrifice the basic rights of persons or that make profit their exclusive norm or ultimate end. For this reason the Church rejects the ideologies associated in modern times with Communism or with atheistic and totalitarian forms of socialism. But in the practice of capitalism the Church also rejects self centered individualism and an absolute primacy of the laws of the marketplace over human labor.
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2424. A theory that makes profit the exclusive norm and ultimate end of economic activity is morally unacceptable. the disordered desire for money cannot but produce perverse effects. It is one of the causes of the many conflicts which disturb the social order.203
A system that "subordinates the basic rights of individuals and of groups to the collective organization of production" is contrary to human dignity.204Every practice that reduces persons to nothing more than a means of profit enslaves man, leads to idolizing money, and contributes to the spread of atheism. "You cannot serve God and mammon."205
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2425. The Church has rejected the totalitarian and atheistic ideologies associated in modem times with "communism" or "socialism." She has likewise refused to accept, in the practice of "capitalism," individualism and the absolute primacy of the law of the marketplace over human labor.206 Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for "there are many human needs which cannot be satisfied by the market."207 Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.
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What is the meaning of being “blameless” according to the 2 Peter 3:14 passage?
What does the Bible say about loving and serving your brothers and sisters?
Joseph’s story: How did God use Joseph’s story to fulfill his purposes?
The Creation of the Universe and Man: What Does the Book of Genesis Teach Us? (Genesis 1:1-31)
What is the significance of David’s song of thanksgiving to God in 2 Samuel 22?
