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We hear statistics
every day about the economy of our country; terms like inflation, GDP,
and interest rates. While these concepts can be confusing, the
important thing to realize about the economy is that you are a part of it. In their pastoral letter, Economic Justice For All, the
US
bishops say, “all members of the Church are economic actors every day.”
What that means is that every dollar you put into the economy is used by some entity for some purpose.
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When you buy groceries at your local
supermarket, the money you pay them is used to pay their employees a
just wage, cover other expenses, and purchase additional merchandise to
sell. What the company has left over is their profit.
- If that supermarket
decides to open another store on the other side of town, they may offer
a portion of their company for sale to the public to raise capital to
finance their expansion. When you buy a share of their company stock,
you support them in expanding their business.
- When you give money
to your local church, charity, or foundation; that money is “invested”
- most likely in shares of stocks of different companies, either
directly or through a mutual fund or annuity. Just like the
supermarket, that investment gives the company needed capital to
support and grow their business.
What does a company
choose to do with their profits? Do they give to charities? If so,
which ones? Are they supporting Planned Parenthood? Are they paying a
just wage to their employees? Are they expanding their business to
include embryonic stem cell research? Are they creating violent video
games?
In the
U.S.
, businesses help determine the justice or injustice
of the world economy because, while they are not all-powerful, their
real power is unquestionable.
The economic
decisions you make have human consequences and moral content; they help
or hurt people, strengthen or weaken family life, advance or diminish
the quality of justice in our land.
Like family life,
economic life is one of the chief areas where we live out our faith,
love our neighbor, confront temptation, fulfill God’s creative design,
and achieve holiness.
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