“In reality, while strongly condemning “socialism”, the Church, since Leo XIII’s Rerum novarum , has always distanced itself from capitalist ideology, holding it responsible for grave social injustices (cf. Rerum novarum , 2). In Quadragesimo Anno Pius XI, for his part, he used clear and strong words to stigmatize the international imperialism of money ( Quadragesimo anno , 109).”

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Pope St. John Paul II

Address to the Representatives of the Academic World and of Culture

in the University of Riga, Latvia, Sept 9th, 1993