The bishops' dilemma with capitalism: A critical analysis [Book Review]

Journal of Business Ethics 7 (6):445 - 452 (1988)
Abstract
One of the major criticisms of contemporary capitalist society which the bishops' pastoral letter raises is the increasing economic, political and social marginalization resulting from the concentration of wealth and power in the form of monopoly capital. The bishops condemn these contemporary inequalities as unjust, undemocratic and antithetical to the teachings of the Church and Catholic humanism. Given this criticism, we can better understand the bishops' policy prescriptions as intended to show how monopoly capital can be reconciled with the common good, the problem as explicitly posed in section 281 of their pastoral. Hence, their proposal for economic democracy and economic planning can be seen as one possible solution to this general problem of monopoly concentration and marginalization.However, as I criticize in my paper, the bishops' policy prescriptions are undermined by contradictions in their position as well as questionable assumptions implicit to their model for economic democracy. On the one hand and as motivated by the bishops' desire to promote greater democracy and social justice for marginalized groups, the bishops' propose greater state intervention in the economy, particularly in areas concerning the planning and control over investment decisions. On the other hand and on behalf of the rights and liberties of private property owners, the bishops' want to preserve a measure of laissez-faire and private initiative in the marketplace. In short, the bishops' seem undecided about which of their social sentiments should have priority — their egalitarian or libertarian sentiments. Apparently, and as I demonstrate in my paper, the bishops fear more the imagined threats of social democracy to the status quo of private property than the actual marginalizing effects of private monopoly capital.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 11,802
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Citations of this work BETA
Similar books and articles
James W. Boettcher (2003). “Political, Not Metaphysical”. Proceedings of the American Catholic Philosophical Association 77:205-219.
Analytics

Monthly downloads

Added to index

2009-01-28

Total downloads

7 ( #192,228 of 1,099,743 )

Recent downloads (6 months)

2 ( #189,420 of 1,099,743 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Start a new thread
Order:
There  are no threads in this forum
Nothing in this forum yet.