WEALTH & WELFARE
CATHOLIC PRONOUNCEMENT IN NEW YORK ESTABLISHMENT OF SOCIAL ORDER. STABILISATION OF WAGES AND PRICES. By Telegraph—Press Association—Copyright. NEW YORK, February 9. The Council of National Catholic Welfare, following a conference comprising 16 archbishops and bishops, issued a pronouncement calling for the subordination of economic power to human welfare. The Roman Catholic Press says it is the American heirarchy’s most important announcement since the 1919 statement. It reaffirmed the Church’s position on the ownership of private property, denounced the principle of supply and demand as applied to labour, and called for security for wage workers as well as a living wage to provide against the future. It called for the stabilisation of wages and prices and the establishment of a social order by media between the economic individualists and socialists, both of whose theories on the use of property resulted only in harm to the public.
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https://paperspast.natlib.govt.nz/newspapers/WAITA19400210.2.30
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Wairarapa Times-Age, 10 February 1940, Page 5
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147WEALTH & WELFARE Wairarapa Times-Age, 10 February 1940, Page 5
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