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The Church's social teaching moreover calls for recognition of the social function of any form of private ownership Cf. John XXIII, Encyclical Letter Mater et Magistra: AAS — Acta Apostolicae Sedis (official gazette of the Holy See)Volume 53 (1961) at vatican.va — scanned PDF (1961), 430-431; John Paul II, Address to the Third General Conference of Latin American Bishops, Puebla, Mexico (28 January 1979), III/4: AAS — Acta Apostolicae Sedis (official gazette of the Holy See)Volume 71 (1979) at vatican.va — scanned PDF (1979), 199-201. that clearly refers to its necessary relation to the common good Cf. Pius XI, Encyclical Letter Quadragesimo Anno: AAS — Acta Apostolicae Sedis (official gazette of the Holy See)Volume 23 (1931) at vatican.va — scanned PDF (1931), 191-192, 193-194, 196-197.. Man “should regard the external things that he legitimately possesses not only as his own but also as common in the sense that they should be able to benefit not only him but also others” Second Vatican Ecumenical Council, Pastoral Constitution Gaudium et Spes, 69: AAS — Acta Apostolicae Sedis (official gazette of the Holy See)Volume 58 (1966) at vatican.va — scanned PDF (1966), 1090.. The universal destination of goods entails obligations on how goods are to be used by their legitimate owners. Individual persons may not use their resources without considering the effects that this use will have, rather they must act in a way that benefits not only themselves and their family but also the common good. From this there arises the duty on the part of owners not to let the goods in their possession go idle and to channel them to productive activity, even entrusting them to others who are desirous and capable of putting them to use in production.

Read the full chapter CHAPTER FOURPrinciples of the Church’s Social Doctrine ¶160–208

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