Blogposts

What is the role of the free market (private sector)? There are good reasons to hold that in many circumstances the free market is the most efficient instrument for utilizing resources and effectively responding to needs. A truly competitive market is an effective instrument for attaining important objectives of justice: moderating the excessive profits of individual businesses, responding to consumers’ demands, bringing about a more efficient use and conservation of resources, rewarding entrepreneurship and innovation, making information available so that it is really possible to compare and purchase products in an atmosphere of healthy competition.

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Transubstantiation: The Church makes use of this word in the Catechism to help us understand the meaning of the Holy Eucharist. A substance is what something is. Material substances have an outward appearance: color, weight, size, etc. In the Holy Eucharist bread stops being bread and wine stops being wine. The substance changes.

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