The crisis of global capitalism
Subtitle: Pope Benedict XVI's social encyclical and the future of political economy
By: edited by Adrian Pabst
Publisher: Cascade Books
Published: 2011
Place of publication: Eugene, Or
Language: eng
Number of pages: 289
ISBN-13: 9781608993680
Subjects: Practical Theology; International cooperation; Social justice; Christianity and politics; Capitalism; Globalization; Socialism; Catholic Church; Papal Encyclicals; Emergency management; Moral and ethical aspects; Global Financial Crisis, 2008-2009; International economic relations; Secularism; Conflict management; Public welfare; Church and state; Humanitarian intervention; Economic aspects; Disaster relief
Other titles: Pope Benedict XVI's social encyclical and the future of political economy
Description: This collection of essays outlines a new political economy. Twenty years after the demise of Soviet communism, the global recession into which free-market capitalism has plunged the world economy provides a unique opportunity to chart an alternative path. Both the left-wing adulation of centralized statism and the right-wing fetishization of market liberalism are part of a secular logic that is collapsing under the weight of its own inner contradictions. It is surely no coincidence that the crisis of global capitalism occurs at the same time as the crisis of secular modernity. Building on the tradition of Catholic social teaching since the groundbreaking encyclical Rerum Novarum (1891), Pope Benedict XVI's Caritas in Veritate is the most radical intervention in contemporary debates on the future of economics, politics, and society. Benedict outlines a Catholic "third way" that combines strict limits on state and market power with a civil economy centered on mutualist businesses, cooperatives, credit unions, and other reciprocal arrangements. His call for a civil economy also represents a radical "middle" position between an exclusively religious and a strictly secular perspective. Thus, Benedict's vision for an alternative political economy resonates with people of all faiths and none.
Notes: "Partly based on a conference held at the Centre of Theology and Philosophy in the University of Nottingham on July 9 and 10, 2009."--P. xi.

Includes bibliographical references (p. 269-278) and index.
Table of contents: title: A real third way / John Milbank; title: A tale of a duck-billed platypus called Benedict and his gold and red crayons / Tracey Rowland; title: "We communists of the Old School " / Eugene McCarraher; title: Beyond the culture of cutthroat competition / Mark and Louise Zwick; title: Fraternity, gift, and reciprocity in Caritas in Veritatte / Stefano Zamagni; title: The paradoxical nature of the good / Adrian Pabst; title: The anthropological unity in Caritas in Veritate / David L. Schindler; title: Integralism and gift exchange in the Anglican social tradition, or avoiding Niebuhr in ecclesaistical drag / John Hughes; title: Common life / Jon Cruddas, Jonathan Rutherford; title: Equity and equilibrium / John Médaille.