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.
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.
Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
Fair treatment in the work force is no longer exclusively a labor issue, nor is it a women's issue - it is a fundamental economic issue.
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