"Centesimus Annus" is a papal encyclical where the Pope explores and reaffirms the Catholic Church's teachings on social and economic issues. It was written on the hundredth anniversary of "Rerum Novarum," an earlier encyclical addressing issues of labor and the economy. The document discusses the dangers of both socialism and capitalism, and emphasizes the importance of a moral and ethical approach to economics, one that respects human dignity and prioritizes the common good above personal gain.
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