| Volume 1: No. 10 |
In his latest social encyclical, Pope John Paul II "embraces market economics with an enthusiasm that, despite important qualifications and nagging moral doubts, marks a new departure in papal teachings." He says that "the free market is the most efficient instrument for utilizing resources and effectively responding to needs," and that "the Church acknowledges the legitimate role of profit as an indication that a business is functioning well." Education and a strong sense of responsibility are needed to make it work, though. "It is not wrong to want to live better; what is wrong is a style of life which is presumed to be better when it is directed towards 'having' rather than 'being,' and which wants to have more, not in order to be more but in order to spend life in enjoyment as an end in itself." [Newsweek, 5/13.]