In setting forth his objections to Socialism in Quadragesimo anno [1], Pope Pius XI touched upon another political economic idea that was gaining currency in his day, but was not at that time being called “Socialism.” It ought to be considered in this series, however, because it would be recognized as a form of Socialism today. There was extant then, as now, the misanthropic doctrine that “all accumulation of capital falls by an absolutely insuperable economic law to the rich,... Read more