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Markets, Mercy, and True Prudence, by Alden Abbott – Brown Pelican Society of Lousiana

Markets, Mercy, and True Prudence, by Alden Abbott

Mainstreaming Madness, by Paul Gottfried
June 1, 2026

Image by Grok. "New encyclical by Pope Leo XIV "Magnifica Humanitas" - On AI"

By Alden Abbott, The Catholic Thing, June 1, 2026

Alden Abbott is a Senior Research Fellow at Mercaus Center at George Mason University focusing on antitrust issues. Before joining Mercatus, Mr. Abbott served as the Federal Trade Commission’s General Counsel from 2018 to early 2021, where he represented the Commission in court and provided legal advice to its representatives. …

Note: So, we’re back at our fundraising – and need to be. We’re well into the campaign but need to pick up the pace. I know this isn’t a great economy at the moment, but we have to ask you to pray and dig deep. It’s a good deal. I’m told the reward for generosity will be even greater in Heaven. – Robert Royal

Pope Leo XIV’s encyclical Magnifica Humanitas thoughtfully speaks to one of the great anxieties of our moment: whether artificial intelligence, data platforms, robotics, and global capital will serve the human person or reduce us to a disposable input. Its concern for workers, the poor, families, and the marginalized is recognizably Catholic. The economy exists for man, not man for the economy. 

On that much, Catholics should readily agree.

But good moral ends do not guarantee sound economic means. The encyclical criticizes market economics for allowing profit, technological efficiency, and concentrated ownership to outrun solidarity. It warns that automation may displace workers, data may become an instrument of control, and the benefits of innovation may be captured by a narrow elite.  ….

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