The well-being of our families, communities, and nation depends on the success of business and industry to create wealth. The greater the growth of industry, the more stable our society becomes: “Another name for peace is development. Just as there is a collective responsibility for avoiding war, so too there is a collective responsibility for promoting development” (Centesimus Annus, 52).
Business and industry create the wealth that provides financial support for their workers, both blue and white collar, and their families through earned wages, medical benefits, life insurance, disability, and pension plans. Without these wages and benefits, most workers would be unable to obtain the goods necessary to living life without relying on the government for direct assistance. (more…)