The Great Lie: Pope Benedict XVI On Socialism

Why did Marx never explain how socialism would work? Pope Benedict XVI writes:

(Marx's) silence on this matter follows logically from his chosen approach. His error lay deeper. He forgot that man always remains man. He forgot man and he forgot man's freedom. He forgot that freedom always remains also freedom for evil. He thought that once the economy had been put right, everything would automatically be put right. His real error is materialism: man, in fact, is not merely the product of economic conditions, and it is not possible to redeem him purely from the outside by creating a favourable economic environment.

And so the pope has put the problems of economics exactly in the right light: the practical issue that needs to be settled within the framework of a sound morality and understanding of human nature. Socialism fails for a precise and practical reason: It has no system for pricing factors of production to make economic calculation possible. Prices come from the exchange of the very private property with which socialism dispenses.

And yet the moral problem with socialism is more profound: It exalts theft as an ethic and overlooks the human right of freedom.