JOURNAL OF BUSINESS DIVERSITY

Is Catholic Social Theory Capitalistic?

Author(s): Jeremy J. O’Connor

Citation: Jeremy J. O’Connor, (2012) "Is Catholic Social Theory Capitalistic?," Journal of Business Diversity, Vol.12, Iss. 3, pp. 93 - 102

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Capitalism is one of the most powerful theoretical ideologies in the world. The Catholic Church is one of the largest and most influential religious institutions in the world. This article examines fundamental concepts of capitalism in the context of Catholic Social Theory (CST) in order to address the question: Is Catholic Social Theory Capitalistic? This article shows that while there are important similarities between CST and capitalism, there are also significant differences. The same can be said of socialism when analyzed in the context of CST. Thus, CST possesses its own unique perspective on fundamental economic, social and political issues.