Senator Rubio, writing in National Review, joins the ranks of those who propose to reinvent capitalism — “common-good capitalism,” he calls it. Senator Elizabeth Warren also proposes to reinvent capitalism and calls her version “accountable capitalism.” Dear old Bernie Sanders still proposes to overthrow capitalism and be done with it, bless his heart.

Senator Rubio, working from remarks originally delivered in a speech at Catholic University, references a series of popes — Leo XIII, mostly, but also Benedict and Francis — to describe (whether the senator understands this or not) the familiar moral basis of fascist economic thinking, beginning from the premise that “workers and businesses are not competitors for their share of limited resources, but partners in an effort that strengthens the entire nation.” Under the careful tutelage of the state, of course. I write this as a fellow Catholic: God defend us from these backward, primitive-minded Catholic social reformers. Pope Francis would do mortal harm to the poor of this world if he had any real political power; blessedly, Providence has relieved him and us of that burden…

Men such as Senator Rubio desire for themselves the power to overrule markets — to limit trade and property rights, enterprise and exchange — in the service of what Senator Rubio describes as the “common good.” The problems with that are several. For one thing, Senator Rubio does not know what the common good is and has no way of knowing. For another thing, we know quite well, from long experience, how such vague and plastic notions of the “common good” interact with the discrete good.