the very authors of the document make clear how it should be evaluated: namely, as a contribution (as opposed to a mandate), as a possible path (as opposed to a moral proscription), in line with the Magisteriums social teaching (as opposed to introducing a new teaching), without getting into the technical issues (because the Church is an expert in humanity, not economics) while fully staying within the Churchs religious and ethical functions.
If that be the case why the rush to say downplay it with explanations of how unofficial it is? Of all things it doesn't mean?
Or is it some sort of intellectual warm up exercise to justify support for a U.N. type global authority to dictate economic policy and enforce it?
For most of the Catholics out there, it will be viewed as authoritative. You are right Doc in saying it isn't binding, but how many will realize that? How many will use this as a means to justify socialist actions?
The Vatican has a real PR problem if these are just a couple of rouge agents.
View it this way. What would your response be if the Southern Baptists or LCMS had released such a statement?