Dear WBC/Micah friends,
The selection for this month is a Commonweal article
written by Anthony Annett, currently associated with the Earth
Institute at Columbia University and formerly with the IMF. The
document is titled, "Why the Church Rejects Collectivism and
Individualism", and is a reflection about Papal Economics.
In his piece
Annett challenges a recent op-ed from the Wall Street Journal by Tim
Busch, a trustee of the Catholic University of America. That
presentation praised the power of free markets to lift people out of
argues that Busch presents a "false dichotomy." He emphasizes that
Catholic social teaching has always taken a middle ground position,
opposing collectivism on one hand and laissez-faire individualism on the
other;the Church has always taught that the right to private property
is never absolute, and must be subordinated to the common good.
proposes a "mixed economy" as an alternative to these approaches. In
this model the market takes the lead, but the state curbs the excesses
of the market and fills in its gaps.
that everyone reflect on the excellent questions posed by John Fontana. Pay attention to his queries about initial reactions to the article,
challenges to your belief system, and implications of the Catholic
middle ground position.
Enjoy the reading.