According to a report from the Zenit News Service, Cardinal Renato Martino, president of the Pontifical Council of Justice and Peace, recently insisted that the "logic" of the market be changed. He said that the logic “was till (sic) now that of maximum gain, and therefore the most investments possible directed toward obtaining maximum benefit. And this, according to the social doctrine of the Church, is immoral.” This is because, according to the Cardinal, the market “should be able to benefit not just those who invest capital, but those who participate in the step of making it grow, that is, those who work. ...
Aside for the fact that some of the terms he used are too vague to make any judgment about, like “maximum benefit,” the economics in his statement would be more appropriate of a kid, rather than a Cardinal...I have long argued in my writings that churchmen who have no real economic training or understanding prescind from making remarks like this which mislead the faithful, and portray the sui generis (self-generating) free market economy as an operation run from the top by a few greedy people constantly plotting to withhold wealth from the ordinary folks.
With comments like Martino's, it comes as no surprise when traditional Catholics, similarly uninformed on economics, parrot such clichéd malarkey. The free market creates/has created more prosperity and wealth for more people on earth than any other economic arrangement in history. As Luckey intimates, intelligent observers should tune out Democratic talking points and detach abuses of the system, which are brought about externally through government tinkering, from the actual system.
http://www.drwilliamluckey.com/
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