An excellent review of the new encyclical from The Catholic Thing.
An excerpt.
“Editor's Note: Benedict’s latest encyclical, Caritas in Veritate (“Charity in Truth”), appeared in Rome yesterday. Digesting this document will take no little time, but several of the regular writers for The Catholic Thing have looked over the text and offer here some brief, early observations.
“Michael Novak
“Just after Vatican Council II, Joseph Ratzinger (now Benedict XVI) joined others in founding a school of thought called "Communio Theology." The inner life of the Revealed God is a Trinity, a Communion of Persons. So should be the inner life of every image of God, every human person.
“Thus, the four main ideas in the new Encyclical Caritas in Veritate are communion, gift, caritas, and truth. Undoubtedly, this is the most theological, most specifically Catholic, of all social encyclicals since 1891. Its aim is to show the divine context of political economy and the drama of its upward-leaping tongues of fire: its inspiration, its aspiration….
‘James V. Schall, S. J.
“After reading Caritas in Veritate, I said to myself that the general Catholic and world population has no idea of the brilliance of this pope. Of course, I said that when I finished Spe Salvi, Deus Caritas Est, Jesus of Nazareth, and about a zillion other writings by Pope Ratzinger. God must be amused that the brightest man of our time is the Pope of Rome.
“Though I have always admired him, I have considered Paul VI’s Populorum Progressio to be the most nearly ideological of all papal social encyclicals. Caritas in Veritate, which commemorates Paul VI’s document forty years later, I must confess, regards it as one of the best. Aside from not touching on labor union corruption or the potential totalitarian nature of the ecology movement, this latest encyclical is simply great. While noting obvious problems, it is amazingly positive about business, its potential, varieties, and openness to ethics.”