“This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.”
Quote by Pope Pius XI
Work
On Social Reconstruction: Encyclical Letter
This encyclical letter, issued by the Pope, presents a comprehensive Catholic perspective on the need for social reconstruction in the modern era. It examines the moral and ethical foundations of economic and political life, advocating for a society built on justice, charity, and the common good. The document critiques both individualism and collectivism, offering a vision of social order that respects human dignity and promotes solidarity. It calls for reforms in economic structures, labor relations, and the distribution of wealth, emphasizing the role of the state and intermediary bodies in fostering a just and peaceful society. more
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