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Written in 1991 on the occasion of the 100-year anniversary of Leo XIII’s ground-breaking social encyclical Rerum Novarum, John Paul II’s Centesimus Annus (The Hundredth Year) brought the principles of Catholic social teaching to bear on contemporaneous political and economic issues. It emphasizes the dignity and rights of workers, the right to private property, the right to a just wage, and the...

A new form of property had appeared—capital; and a new form of labour—labour for wages, characterized by high rates of production which lacked due regard for sex, age or family situation, and were determined solely by efficiency, with a view to increasing profits. In this way labour became a commodity to be freely bought and sold on the market, its price determined by the law of supply and demand, without taking into account the bare minimum required for the support of the individual and his family.