The White Lily Blog

Holy Mass and the Stock Market

The stock market, at least as it is constituted today, is immoral. It is immoral not because it represents capitalism but because it betrays capitalism; or betrays something even older than capitalism, betrays the bedrock of society:  the prudent exercise of private property, whether stone-age club or stock option.

There are Catholic teachings that could guide us to a surer road than this torturous alternation of Bull with Bear markets, the wild swings that manage to maintain wage slavery among the world’s peoples great and small.  But there is little discussion among Church leaders of these teachings, and much confusion over the franchise. Some calling themselves Catholic demonstrate the protestant errors of the neocons, with their orthodox moral values (on abortion, divorce, and related issues) but their persistent worship of false gods, the golden calf that passes now for a free market.

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