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On the significant changes in the economic system and Socialism since (QA 99) - Tolle Lege

Encyclicals (Pre-V2)

Pope Pius XI

Quadragesimo Anno §99

⁹⁹ Important indeed have the changes been which both the economic system and Socialism have undergone since Leo XIII's time.

Read in full at Vatican.va

Source: Quadragesimo Anno (Vatican.va)