Pope St. John Paul II was no defender of Capitalism

In his encyclical Centesimus Annus, Pope John Paul II wrote some controversial words on the subject of capitalism, the interpretation of which has been the subject of much disagreement among Catholics interested in the economy. A common reading of this encyclical portrays Pope John Paul as a run-of-the-mill free market liberal, even a moderate libertarian of the socially conservative stripe. Pope John…