Cardinal Reinhard Marx of Germany called for a “social market economy” in the wake of the fiscal crisis that has gripped much of Europe over the past year. In a talk delivered on May 30 at Georgetown University in Washington, D.C., Cardinal Marx, the archbishop of Munich and Freising and a member of both the Congregation for Catholic Education and the Pontifical Council for Justice and Peace, said the economy needed to move “beyond capitalism” in order to be more fair. He added that he was not calling for the abolition of capitalism, saying that capitalism was “an element” in the social market economy he has in mind. But Cardinal Marx suggested that it was the practice of “financial capitalism” in the era since the fall of the Iron Curtain that had brought Europe to its crisis point today.
A Kinder Capitalism?
Show Comments (
)
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
The latest from america
I use a motorized wheelchair and communication device because of my disability, cerebral palsy. Parishes were not prepared to accommodate my needs nor were they always willing to recognize my abilities.
Age and its relationship to stardom is the animating subject of “Sunset Blvd,” “Tammy Faye” and “Death Becomes Her.”
What separates “Bonhoeffer” from the myriad instructive Holocaust biographies and melodramas is its timing.
“Wicked” arrives on a whirlwind of eager (and anxious) anticipation among fans of the musical.