What does the Catholic Church say about capitalism?

Pope John Paul endorses neither capitalism nor communism, nor does he propose some third way between the two or some economic model of its own.

Do you have to agree with the Pope?

We acknowledge no Infallibility in the Pope, and we neither apprehend nor believe, that our Disobedience to any such Orders or Decrees (should any such be given or made) could subject us to any Punishment whatever.

What problems did Pope Leo XIII see in capitalism?

In the 1891 encyclical Rerum Novarum, Leo XIII pioneered the Catholic tradition of protesting that under capitalism “a small number of very rich men have been able to lay upon the teeming masses of the laboring poor a yoke little better than that of slavery itself.” According to Leo, the capitalist system was defined …

What did Pope Francis call unbridled capitalism or the unfettered pursuit of money?

the dung of the devil
Quoting a fourth century bishop, he called the unfettered pursuit of money “the dung of the devil”, and said poor countries should not be reduced to being providers of raw material and cheap labour for developed countries.

Why Is the pope infallible?

The doctrine of papal infallibility means that the Pope cannot err or teach error when he speaks on matters of faith and morals ex cathedra, or “from the chair” of the Apostle St. Peter—that is, in his role as supreme teacher of the church.

Is the pope infallible in matters of faith and morals?

Catholicism maintains that the pope is infallible, incapable of error, when he teaches a doctrine on faith or morals to the universal Church in his unique office as supreme head. He’s not infallible in scientific, historical, political, philosophical, geographic, or any other matters — just faith and morals.

Why is Pope Leo XIII important?

Leo XIII (1810-1903), who was pope from 1878 to 1903, is known for his social reforms and his recognition of the rights of the worker. During his reign the Roman Catholic Church achieved an international prestige it had not enjoyed since the Middle Ages.

What is unbridled capitalism?

uncountable noun. Capitalism is an economic and political system in which property, business, and industry are owned by private individuals and not by the state.

Can the Pope teach error when he defines matters of faith and morals?

Can the Pope teach error when he defines matters of faith and morals? No, the Pope cannot teach error when he defines matters of faith and morals because he has the gift of infallibility (CCC 891).