Quadragesimo Anno is an encyclical by Pope Pius XI, issued 15 May1931, 40 years after Rerum Novarum (thus the name, Latin for 'the fortieth year'). Written as a response to the Great Depression, it calls for the establishment of a social order based on the principle of subsidiarity. Some of its features share the same economic anti-capitalist, anti-communist analysis as fascism, including the idea of representation by vocation and social position, rather than simple democracy.
text of Quadragesimo Anno (http://www.vatican.va/holy_father/pius_xi/encyclicals/documents/hf_p-xi_enc_19310515_quadragesimo-anno_en.html)
Summary of Quadragesimo Anno, from US Catholic (http://www.uscatholic.org/cstline/tline.html)
Summary of Quadragesimo Anno, from OSJSPM (http://www.osjspm.org/cst/doclist.htm)
Pius's response in QuadragesimoAnno was to accept several elements in the Marxist critique of capitalism.
He agreed with Lenin that "free enterprise" must evolve into monopoly capitalism, "an international imperialism whose country is where profit is," a system not able to curb or control itself or to direct economic life, and in consequence ultimately self-destructive.
An unhappy carry-over from the mindset of Pius IX was reasserted in QuadragesimoAnno, the notion of a fixed social order determined by God and not to be challenged by humans.
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