Saturday, March 17, 2018

Youcat commented through CCC – Question n. 432.

YOUCAT Question n. 432 - May a Christian speculate in the stock market or in Internet stocks?

(Youcat answer) A Christian can speculate in the stock market or in Internet stocks, as long as he does so within the parameters of normal business practices for prudently investing one’s own or someone else’s money and does not thereby break any other commandments.

A deepening through CCC

(CCC 2426) The development of economic activity and growth in production are meant to provide for the needs of human beings. Economic life is not meant solely to multiply goods produced and increase profit or power; it is ordered first of all to the service of persons, of the whole man, and of the entire human community. Economic activity, conducted according to its own proper methods, is to be exercised within the limits of the moral order, in keeping with social justice so as to correspond to God's plan for man (Cf. GS 64).     

Reflecting and meditating 

(Youcat comment) Speculating in stocks becomes immoral when dishonest means are used (for instance, insider information); when the transaction puts one’s own or another’s life savings at risk instead of insuring an income; when such speculation becomes an addiction, as with games of chance.

(CCC Comment)

(CCC 2454) Every manner of taking and using another's property unjustly is contrary to the seventh commandment. The injustice committed requires reparation. Commutative justice requires the restitution of stolen goods.

(The next question is: How should we treat property that belongs to everyone?)

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