Is a “profit alone” mentality enough for a business or for a nation? If the economy is running well, should we bother to look any deeper, or just leave well enough alone?
Carly Andrews, at Aleteia, says profit alone isn’t good enough, based upon a presentation that professors Alberto Quadrio Curzio and Giovanni Marseguerra made at a recent Vatican conference. The pair spoke primarily about three parts of Catholic social teaching that they believe would help the global economy.
Examined first is the issue of subsidiarity. This is the teaching that says those closest to an issue or problem should be the ones to deal with it. For instance, local church food banks are best equipped to assess needs in their area, know where to get food, what types of food are best for their consumers, etc.
In a call for subsidiarity we therefore see a call – to some extent – for government decentralization, that is, a limited government, allowing for an increase in personal freedom and responsibility, which prof. Curzio and Marseguirra claim puts the “creativity of the person” into action, “stimulating the participation of social intermediary bodies, including communities, in the production of goods and services and constructing and aggregating in solidarity.”