Pope John Paul II Quotes
There are needs and common goods that cannot be satisfied by the market system.
John Paul II, 1920-2005, Karol Jozef Wojtyla, Catholic Pope, Centesimus Annus, May 3, 1991
Sourced by: Eigen's Political and Historical Quotations
The prime minister had a political and philosophical position that government should not interfere with or set or control pricing in the economy. However, a scandal broke out involving payday lending—short term lending the working class does to tide them over till pay day if they run out of money. Lenders were charging huge interest rates beyond anything that is conscionable. Cameron’s government placed controls on interest rates and other facets of that industry as they might have lost a vote of confidence in Parliament had they not acted. He was then questioned about the hypocrisy involved in his regulation, and he gave this amazing quotation, which was the classic reason for government price controls on the private sector that had been given by the Labor Party opponents for years. This also distressed extreme conservatives, who argue that market controls are always preferable to government controls.
Blinken was illustrating that entering the global market, was practical only when the societal infrastructure such as banks, laws, courts, regulatory authorities have been put in place.
Collection of Spoken Words of the Prophet. Ironically, despite the reverence with which words of the Hadith are accorded in Islam, from time to time Muslim theologians and authorities have attempted to establish “fair prices” despite this free market view of the Prophet.
Pope John Paul II was the head of the Catholic Church and sovereign of the Vatican City State from 1978 until his death in 2005. He was elected pope by the second papal conclave of 1978, which was called after John Paul I, who had been elected in August to succeed Pope Paul VI, died after 33 days. Cardinal Wojtyła was elected on the third day of the conclave and adopted the name of his predecessor in tribute to him. John Paul II is recognised as helping to end Communist rule in his native Poland and the rest of Europe.
