Article by Sebastian Wang.

Excerpt:

In our own time, the relevance of Leo XIII’s teaching is obvious. We live in economies where the forms of capitalism have been retained but the substance hollowed out: markets in name, but in practice dominated by a nexus of government and corporate power; competition in rhetoric, but in reality a game for those who can pay for access and influence. The same moral principles that led Leo to reject socialism oblige us to reject this corporatist order. The goal is not to level all differences of wealth, but to ensure that wealth is obtained and held by right, not by privilege; that property is widely held; that the worker has a path to independence; and that the State remembers it exists to serve persons, not to manage them.