The popes versus the free market

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Pope Benedict’s new social encyclical is finished and will be released in May. It will commemorate Paul VI’s 1967 document on the development of peoples, and address the great global problems of hunger and gross poverty, climate change, human rights, nuclear weapons and disarmament, violence, fundamentalism and peace.

The encyclical has been delayed two years because of the need for Benedict to respond to the global financial crisis and the ‘Great Recession’. He is likely to reiterate themes from Pope Pius XI’s 1931 encyclical, Quadragesimo Anno, in response to the Great Depression. Many aspects of Pius’ encyclical are relevant to the current crisis.

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Photo: Eureka Street

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