On July 7, 2009, just before the G-8 summit began in Italy and he met with President Obama, Pope Benedict XVI released his third encyclical, a major teaching, on the economy.
He called for reforming the UN and establishing a "true world political authority" with "real teeth" to manage the global economy with God-centered ethics. This authority is especially needed given the state of the world economy today. Benedict writes, "The market is not, and must not become, the place where the strong subdue the weak."
In this study, well-known ecumenical church theologian Martin Marty writes his reflections on the reactions he read regarding the encyclical. Views of both supporters and opponents of the encyclical are examined.
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