It is nice to know that we here at Acton have friends in high places. This article at Catholic Exchange by George Weigel points out that Blessed John Paul II had some keen insights into what makes economic life flourish:
“John Paul taught that what the Church proposes is not simply the free society, but the free and virtuous society.
It takes a certain kind of people, possessed of certain virtues, to make free politics and free economics work toward genuine human flourishing.
Democracy and the market are not machines that can run by themselves, so a vibrant public moral-cultural life is essential to disciplining both the market and democratic politics.
In fact, in the Catholic vision of the tripartite free and virtuous society—democratic polity, free economy, vibrant moral-cultural sector—it’s the latter that’s most important over the long haul. The habits of heart and mind of a people are the best defense against their allowing their political and economic liberties to become self-destructive.”