You see it might not include economist and I don’t agree totally with his analysis but since the results of economies have an impact on the human condition it is certainly a concern of Catholic teaching.
Sure. I understand that but he might focus more on places like North Korea and other places with less capitalistic economies. We have POOR people illegally entering this nation to get a piece of our more capitalist economy.
Oh I don’t doubt at all greed is manifest much more violently in North Korea. Any economic system be it a brand of capitalism which sees the person only as a means of production to produce goods for the owner; be is socialism which sees the person only as a means of production to produce goods for the State is essentially a system of slavery.
Now the advantage that capitalism has is that it can be made to work in such a way that it promotes human freedom and economic liberty. When put to such ends it thrives best under just governments. Socialism on the other hand fears human freedom and economic liberty and thrives best under tyranny.
So if you are living where there is tyrannical rule you can be certain that the economic system that has prominence will most likely not promote liberty and freedom. No matter what name it goes by.
Perhaps if the Pope had used the term crony Capitalism that would have gone down better with people here.