Wanted to share an article from U.S. Catholic with you. Let me know what you think. The Rev. Martin Schlag is a trained economist as well as a Catholic moral theologian, and when he first read some of Pope Francis’ powerful critiques of the current free market system he had the same thought a lot of Americans did: “Just horrible.”
But at a meeting in May, Schlag, an Austrian-born priest who teaches economics at an Opus Dei-run university in Rome, reassured a group of Catholics, many from the world of business and finance, that Francis’ views on capitalism aren’t actually as bad as he feared.
“You can get the impression that the pope is against capitalism,” said Schlag, who heads the Markets, Culture and Ethics Research Centre at the Pontifical University of the Holy Cross, located near the Vatican.
But he explained that what Francis—the first Latin American pope—understands as capitalism is in fact the “crony capitalism” that is found in the pontiff’s native Argentina and much of Latin America. Schlag defined “crony capitalism” as “a form of capitalism where people get rich not because of their work but because of their friendships and political connections and the privileges they have.”
That is quite different from the American system, he said. “Does the pope understand the United States? I think he doesn’t know the United States,” said Schlag, who is also an adviser to the Vatican department that deals with social and economic issues.
Schlag said he believes that the pontiff’s Sept. 22–27 visit to the U.S., his first to the country, will be an opportunity for Francis to learn more about America and to appreciate the positive aspects of what Schlag said is the most successful economy in history.
The twelve apostles chosen by Jesus formed the bedrock of the early Church , and their Catholic identity is deeply rooted in their direct relationship with Christ and the mission He entrusted to them. The Catechism of the Catholic Church highlights this foundational role, stating that Jesus "instituted the Twelve as 'the seeds of the new Israel and the beginning of the sacred hierarchy'" ( CCC 860 ). These men were not simply followers; they were handpicked by Jesus, lived intimately with Him, witnessed His miracles and teachings firsthand, and were specifically commissioned to preach the Gospel to all nations ( Matthew 28:19-20 ). Their unique position as eyewitnesses to the life, death, and resurrection of Christ, and their reception of the Holy Spirit at Pentecost, established them as the authoritative leaders of the nascent Church, a reality echoed in the writings of early Church Fathers like Ignatius of Antioch, who emphasized the apostles' authority as repre...