As companies get bigger, the necessity of anti-trust vigilance increases. Competition must be maintained. Productivity increases driven by competition have kept prices down and innovation up. The consumer benefits. Father Hesburgh once said at a conference of business executives at the University of Notre Dame that there was nothing less inspiring than an ethical failure.
Competence is required of Catholic business people.
I want to emphasize that business is confronted with increasingly complex and competitive problems in today's changing world. If we are to achieve high wages and good working conditions, we must recognize and respond to change, realistically and quickly. Papal Social Encyclicals Other Catholic Social Teachings General Articles of Interest Catholic Worker Connection Msgr.