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.
Kurt Hilgefort, is a Catholic father of six who publishes his thoughts on his blog Shadows of Augustine . He responded to my seven question survey with the following answers. Kurt is the first layperson to respond to the seven question survey and I think that his experience is extremely relevant to me personally and I hope that you are inspired by his thoughts as well. If you would like to respond, please send an email to fellmananthony@gmail.com with your thoughts and I will be happy to publish them as well. 1. What is the biggest challenge to your faith that you have faced so far? The biggest challenge for me has been the whole dying to self thing. On an intellectual level, there are no barriers. It comes down to a matter of accepting the authority of the Church that Christ founded upon Peter. My challenge is not in the intellect, but rather in the will. The challenge for me has always been to continually seek conversion. I want to be transformed, but I want it to be over all ...
