Pope Benedict has released his third encyclical--"Caritas in Veritate," or "Charity in truth." Typically, Benedict has sided with traditionalist, even revanchist, elements in the church. On the issue of economics and labor, he sounds more like a socialist.
He deplores “unregulated exploitation” of the environment, "speculative financial dealing," profit produced by "improper means" without the "common good" at its heart, financiers without "ethical foundation," and the "scandal of glaring inequalities."
Lowering the level of protection accorded to the rights of workers, or abandoning mechanisms of wealth redistribution in order to increase the country's international competitiveness, hinder the achievement of lasting development.
The heart of "Caritas in Veritate" is putting people above profit. This is expressed, one way or another, in many parts of the document. He blasts "the right to excess," for example, which exists alongside lack of food, water, and health care. Waxing poetic on the "rights of workers," Benedict calls for:
...work that expresses the essential dignity of every man and woman in the context of their particular society: work that is freely chosen, effectively associating workers, both men and women, with the development of their community; work that enables the worker to be respected and free from any form of discrimination; work that makes it possible for families to meet their needs and provide schooling for their children, without the children themselves being forced into labor; work that permits the workers to organize themselves freely, and to make their voices heard; work that leaves enough room for rediscovering one's roots at a personal, familial and spiritual level; work that guarantees those who have retired a decent standard of living.
Fr. Thomas Reese, S.J. (Jesuit) writing in the Washington Post, noted this:
...he (Benedict) is to the left of almost every politician in America. What politician would casually refer to "redistribution of wealth" or talk of international governing bodies to regulate the economy? Who would call for increasing the percentage of GDP devoted to foreign aid? Who would call for the adoption of "new life-styles 'in which the quest for truth, beauty, goodness and communion with others for the sake of common growth are the factors which determine consumer choices, savings and investments'"?
Benedict also proposed several specific recommendations. See them on the flip.