The pope’s right-hand man has essentially declared that free market economics is incompatible with Catholicism. Speaking at a conference entitled “Erroneous Autonomy: The Catholic Case against Libertarianism,” Cardinal Rodríguez Maradiaga, drawing on statements from Pope Francis, said that the free market economy “kills” and oppresses the poor.
His condemnation seemed to conflate Ayn Rand-style libertarianism with free market economics, but it also scored theological points against the assumptions of autonomous individualism. Many prominent American advocates of free market economic policies–such as Rep. Paul Ryan, Father Robert Sirico, and Michael Novak–are Roman Catholics.
Catholic conservatives, what do you make of this? Do these arguments carry any wait for Protestants, or is Protestantism tied up with the same “autonomous individualism”? [Read more...]