Skip to comments.Pope Should Recognize That Free Markets Are Best Way To End Poverty
Posted on 05/20/2013 11:41:55 AM PDT by IBD editorial writer
Statism: Pope Francis seemed to have an economic blind spot, to say the least, when he urged more "state control" to cut global poverty Thursday. On the contrary the biggest poverty-killer in history is free enterprise.Before we go further, let us say that we know that the pope does seem to have the best intentions and his devotion to the poor is indisputable. But it appears he has been infected by the local economic pathologies of his homeland, Argentina, and its liberation theology among the Jesuits, at least when he warned ambassadors about "the tyranny of money" and called for countries to impose more control over their economies to prevent "absolute autonomy" and foster the "common good." That policy prescription has already been tried in Argentina. It has driven millions of Argentines into poverty by destroying the value of their savings, both through raw expropriation as happened in 2008 with private pensions (the money was taken under the aegis of helping "the poor"), and by repeated currency devaluations the product of a government printing money to pay for its expansion of power after there was nothing left to steal.
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I don’t think we are talking about the same thing here. If the question is “Who created more jobs and wealthy?” then obviously the answer is Bill Gates. Mother Teresa was more about Matthew 25:35 (”When I was hungry you gave me to eat..”), feeding clothing and shetltering the DESPERATELY poor, particularly orphans and those suffering from terminal illnesses. Her 5000 Missionaries of Charity sisters continue to do this work in 133 countries around the world with her directive of “Wholehearted and Free service to the poorest of the poor”. Different mission, but equally important.
Stick with worrying about priests who cant keep their hands out of altar boys pants....
No I am not talking about JUST wealth but using capitalism, BG has provided more doctors, medicine, food and most importantly technology for getting clean water.
If the world does nothing but subsidize poverty then just like everything else we subsidize we end up with more of it.
BG and others like him provide a longer term solution than the immediate next meal.
All of which is admirable, but also takes time. Someone needs to step in when a child is dying this afternoon. And that's where the people like the Missionaries of Charity come in.