This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.
Interpretation
Wealth and control over money grant significant power over society and production.
This quote by Pope Pius XI highlights the influential role that those who hold wealth and control credit play in society. It suggests that the financial power they possess extends beyond mere monetary value, allowing them to dictate important aspects of production and the economy, making it difficult for others to oppose their authority or decisions.
In practice
In a discussion about corporate power, one might say, 'As Pope Pius XI eloquently stated, the control of money dictates the power dynamics in our economy.'
Justice requires that to lawfully constituted Authority there be given that respect and obedience which is its due; that the laws which are made shall be in wise conformity with the common good; and that, as a matter of conscience all men shall render obedience to these laws.
It is not enough to be a member of the Church of Christ, one needs to be a living member, in spirit and in truth, i.e., living in the state of grace and in the presence of God, either in innocence or in sincere repentance.
The Rosary is a powerful weapon to put the demons to flight and to keep oneself from sin…If you desire peace in your hearts, in your homes, and in your country, assemble each evening to recite the Rosary. Let not even one day pass without saying it, no matter how burdened you may be with many cares and labors.
It violates right order whenever capital so employs the working or wage-earning classes as to divert business and economic activity entirely to its own arbitrary will and advantage, without any regard to the human dignity of the workers, the social character of economic life, social justice, and the common good.
From it (the Rosary) the young will draw fresh energy with which to control the rebellious tendencies to evil and to preserve intact the stainless purity of the soul. Also in it, the old will again find repose, relief, and peace from their anxious cares. And to all those who suffer in any way, especially the dying, may it bring comfort and increase the hope of eternal happiness.
The family is more sacred than the state.
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
Why do we fully tax some kinds of income from capital, like interest and dividends; partially tax other kinds like capital gains; defer tax on other kinds, like IRAs; and impose no tax at all on still other types of capital income, like interest on municipal bonds? This simply is not rational. These distinctions don't have any inherent logic.
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure. Voluntary private investment in private enterprise, on the other hand, promotes capitalism, production, independence, and self-reliance.
There's no reason to think that_x000D_ markets always drive people to_x000D_ what's good for them.
Economists argue about the relative impact of immigrants versus robots on wage stagnation - voters don't care much. They blame immigrants. It's easier to get mad at a person from Macedonia or Mexico, taking your job than it is to get mad at a piece of technology from Silicon Valley.
All money is a matter of belief.
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