Universal destination of goods
The universal destination of goods is an idea in Catholic theology, by which the Catholic Church professes that the goods of creation are destined for humankind as a whole, but also recognizes the individual right to private property. In addition, political authority has the right and duty to regulate the legitimate exercise of the right to ownership for the sake of the common good. The Catechism of the Catholic Church says:
In 1967, Pope Paul VI wrote in the encyclical Populorum progressio:
