Question

In: Economics

B. Why do you suppose the Catholic Church was so outspoken against business activity and moneymaking...

B. Why do you suppose the Catholic Church was so outspoken against business activity and moneymaking at a time when it was the wealthiest institution on Earth? Is religion today still suspicious of moneymaking? Why, or why not?

Solutions

Expert Solution

The Catholic Church's worldwide spending matches the yearly incomes of the planet's biggest firms, and its benefits—enormous measures of land. The primary concern we think about Catholic Church money is that in income terms, the United States is by a long shot the most significant branch. America is a wealthy nation with an enormous populace of Catholics. Likewise, America's Catholic populace is a religious minority. That is implied that, as opposed to utilizing political clout to impact the state of standard government establishments, as in an overwhelmingly Catholic nation, for example, Brazil, the Catholic Church in the United States has made a parallel express: a huge trap of schools, hospitals, colleges, and philanthropies that serve a large number of customers.

Religion yearly contributes about 1.2 trillion dollars of financial incentive to the United States economy, as indicated by a recent report by the Religious Freedom and Business Foundation. That is equal to being the world's fifteenth biggest national economy, outpacing almost 180 different nations and domains. It is more than the worldwide yearly incomes of the world's best 10 tech organizations, including Apple, Amazon and Google. What is more, it is likewise over half bigger than the worldwide yearly incomes of America's six biggest oil and gas organizations.


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