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Pope Francis Is Wrong: Free Market Is Not A Tyrant
Investors Business Daily (Investors.com) ^ | 11-26-13 | IBD Editorial Staff

Posted on 11/27/2013 5:59:31 PM PST by C. Edmund Wright

Economics: It seems the official position of Pope Francis is that the free market is a wicked enemy that must be restrained. With all due respect, he's mistaken. The free market has been a heavenly blessing. Two days before our American Thanksgiving, the Argentinian pontiff, in his first apostolic exhortation, called the free market a "new tyranny." "Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world," he wrote in the Vatican report. Claims of free-market success, he said, have "never been confirmed by the facts." He went on to condemn "a financial system which rules rather than serves." Actually, no economic system has brought more prosperity to more people than free-market capitalism. Neither socialism nor communism has increased prosperity, and are themselves ruled by tyrants.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: catholic; pope; popefrancis
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Absurd. Pass the popcorn - this might be fun….
1 posted on 11/27/2013 5:59:31 PM PST by C. Edmund Wright
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To: C. Edmund Wright
Hey Pope,

Where did all that gold in the Vatican come from? Was it donations from those who earned it and contributed faithfully, or did you just take it?

2 posted on 11/27/2013 6:01:32 PM PST by Baynative (Wake me up early, be good to my dogs and teach my children to pray.)
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To: C. Edmund Wright

socialism is what creates poverty


3 posted on 11/27/2013 6:03:04 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: C. Edmund Wright

I’ve had a sinking suspicion we’d get a Liberation Theologist (to wit, socialist) Pope if he came from SA.


4 posted on 11/27/2013 6:04:24 PM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: C. Edmund Wright

The Church longs for the days of Innocent III and feudalism.


5 posted on 11/27/2013 6:05:45 PM PST by MUDDOG
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To: C. Edmund Wright

6 posted on 11/27/2013 6:06:14 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: C. Edmund Wright
Francis is "Peter the Roman" !

7 posted on 11/27/2013 6:06:15 PM PST by Uriel-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your teaching is my delight.)
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To: C. Edmund Wright

The man only has one lung. I hoped that would limit his ability to say stupid stuff. Apparently not, unfortunately.


8 posted on 11/27/2013 6:08:10 PM PST by Wyrd bi ful ard (Gone Galt, 11/07/12----No king but Christ! Don't tread on me!)
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To: C. Edmund Wright

CEW - I read this the other day and Rush talked at length about it today...either the Pope is nothing but a 6-figure university professor parallel who is stuck in a bubble of make believe or he really is a hard core Marxist who thinks all should have equal share of the pie no matter their workload, input or otherwise...or, do you think the Pope’s speech was purposely mistranslated by Marxists?


9 posted on 11/27/2013 6:09:23 PM PST by CincyRichieRich (“Life is hard, but it’s harder when you’re stupid.” John Wayne)
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To: C. Edmund Wright

My niece is a Catholic. She believes Francis is evil.

I am not a Catholic, but my feeling is that this guy talks too much. So much that what he says has no meaning or importance. He should not be into politics. Just matters of faith.

Bring back the other real pope.


10 posted on 11/27/2013 6:10:42 PM PST by dforest
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To: CincyRichieRich
or, do you think the Pope’s speech was purposely mistranslated by Marxists?

Wouldn't be the first time.

11 posted on 11/27/2013 6:11:27 PM PST by FreeReign
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To: CincyRichieRich

If so, then a bunch of other stuff he has said was mistranslated as well. It becomes less and less believable that nearly EVERYTHING this clown says is mistranslated — especially considering how seldom Benedict was subject to this kind of “mistranslation” by comparison.


12 posted on 11/27/2013 6:11:50 PM PST by Wyrd bi ful ard (Gone Galt, 11/07/12----No king but Christ! Don't tread on me!)
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To: the OlLine Rebel

Actually, I don’t know what Pope Francis actually said, but I suspect they got this from Rush, who seems to have gotten it from an MSM report. I’d like to see what the document actually says—and not out of context.

FWIW, when he was a bishop in South America, Pope Francis was famous for OPPOSING Liberation Theology and socialist politicians. That doesn’t mean he’s a total capitalist, but on the record he is not a Liberation Theologist.

Perhaps we’d better wait for a better look at what he said. He has been misrepresented about a hundred times by the press since taking office.


13 posted on 11/27/2013 6:12:00 PM PST by Cicero (Marcus Tullius)
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To: C. Edmund Wright

Oy vey. They’ll be more correct on economics than he. Plus I’ve skimmed the document and scrunched over para s 52. - 56.

Awful


14 posted on 11/27/2013 6:12:13 PM PST by stanne
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To: hosepipe
Could you please stop posting pictures of this buffoon?
15 posted on 11/27/2013 6:15:45 PM PST by Fungi
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To: C. Edmund Wright

I’ve just about had it with Pope Frankie.

Hot cocoa, anyone?


16 posted on 11/27/2013 6:18:24 PM PST by miserare (Sebelius is Obama's Mengele.)
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To: C. Edmund Wright

This Pope should be introduced to Ayn Rand’s brilliant thinking. A little dose of “Atlas Shrugged” would be good for him.


17 posted on 11/27/2013 6:23:01 PM PST by OldNavyVet ("Learn from science that you must doubt the experts" ... Richard Feynman)
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To: Baynative

No kingdom has shed more blood than the kingdom of Christ. - Montesquieu


18 posted on 11/27/2013 6:23:07 PM PST by oblomov
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To: CincyRichieRich

“do you think the Pope’s speech was purposely mistranslated by Marxists?”

Hmmm...translation done by the Vatican. That makes it kind of hard to blame anyone but the Vatican.


19 posted on 11/27/2013 6:26:28 PM PST by Mr Rogers (Liberals are like locusts...)
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To: the OlLine Rebel

I’d like to know what Bergoglio was up to during Argentina’s “Dirty War.”


20 posted on 11/27/2013 6:26:37 PM PST by .45 Long Colt
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To: stanne

Did you not like the bit against deficit spending in paragraph 56?

Not a hint in the whole thing about the abolition of private property. Yes, he does indicate that those arguing that the state has no right to regulate anything are too extreme—but this resonates with JP II et al.

He does have a point about priorities—when a minor stock market fluctuation is news but human suffering is not, we may want to examine our priorities. Likely this is why the entire section is called “Some challenges in today’s world.”


21 posted on 11/27/2013 6:30:29 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: C. Edmund Wright
Part of Pope Francis's problem is that he has never seen a free market in operation. His only experience is with Argentina's Peronist/Fascist economy. However, that does't excuse him for making stupid statements. Fortunately this one can't be considered "infallible' since it doesn't deal with faith or morals.
22 posted on 11/27/2013 6:31:15 PM PST by JoeFromSidney ( book, RESISTANCE TO TYRANNY, available from Amazon.)
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To: hosepipe

Yikes it is a picture of a son of perdition!


23 posted on 11/27/2013 6:32:01 PM PST by WilliamRobert (Rafael Cruz is an American hero)
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To: Mr Rogers

In fairness, Father Reginald Foster, among the best Latinists at the Vatican and the leading one from the English speaking world, is a Marxist of the Maoist persuasion. He’s from Milwaukie, IIRC, and is certainly quite a character—but his Latin is hard to beat.

OTOH—almost certainly the working language of the document was either Spanish (more likely) or Italian. Even though JP II could do it in Latin, his drafts, IIRC, were often in Polish, and Pope Francis isn’t the linguist that JPII was.


24 posted on 11/27/2013 6:34:25 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: Cicero

Opposing socialism and liberation theology doesn’t automatically make one embrace capitalism. He probably sees elements in each which he likes, but wouldn’t want to commit completely to any of them since he also sees elements which he doesn’t like.


25 posted on 11/27/2013 6:34:36 PM PST by paudio (Liberals teach Whites about guilt and shame much better than Christian churches do...)
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To: C. Edmund Wright

I don’t like this Pope.


26 posted on 11/27/2013 6:35:02 PM PST by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: Hieronymus

I thought a lot of it was good I read a lot of these letters. I am familiar wit the language. I just don’t think IBD. And Rush are off on this.


27 posted on 11/27/2013 6:36:48 PM PST by stanne
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To: Baynative

“Was it donations from those who earned it and contributed faithfully, or did you just take it?”

Donations.


28 posted on 11/27/2013 6:45:40 PM PST by vladimir998
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To: hosepipe

I hate that bastard and pictures of him are getting old. Besides, some real Cowboy is liable to kick his azz for ruining a good hat by touching it.


29 posted on 11/27/2013 6:46:07 PM PST by laplata (Liberals don't get it .... their minds are diseased.)
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To: Irenic

I thought Ann Barnhardt was out of hand for criticizing this pope early on. I’m starting to think she was right.

I hope I’m wrong.


30 posted on 11/27/2013 6:49:48 PM PST by laplata (Liberals don't get it .... their minds are diseased.)
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THE mob believes in free markets ...


31 posted on 11/27/2013 6:49:58 PM PST by campaignPete R-CT (WWIP? Who would Impy pick?)
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To: dforest
I'm not saying it was aliens, but.............

Holding off for now, but this Pope is on a very short leash.

32 posted on 11/27/2013 6:50:02 PM PST by Rome2000 (THE WASHINGTONIANS AND UNIVERSAL SUFFRAGE ARE THE ENEMY -ROTATE THE CAPITAL AMONGST THE STATES)
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To: Hieronymus

IIRC & OTOH - is that some sort of new age pig latin?


33 posted on 11/27/2013 6:53:24 PM PST by Insigne123 (It is the soldier, not the community organizer, who gives us freedom of the press)
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To: Mr Rogers
Hmmm...translation done by the Vatican.

Link?

34 posted on 11/27/2013 6:54:55 PM PST by FreeReign
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To: CincyRichieRich

Ithink this Pope, like a lot in the Catholic church, are redistributionists at heart.


35 posted on 11/27/2013 6:58:48 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: dforest

Yes I agree. He doesn’t know when to shut up. One upside is it provides insights into how he thinks. Actually he is not that much different from garden variety liberals. The world is full of these people. I am not that shocked or surprised.


36 posted on 11/27/2013 6:59:21 PM PST by plain talk
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To: C. Edmund Wright
Surely Francis knows the Old Testament story of the prophet Samuel, who warned the Jews that a king they wanted would take their sons and daughters, the best of their vineyards and olive groves, their cattle, their donkeys, their flocks, and a tenth of their grain. "And you yourselves," said Samuel, "will become his slaves."

Or Rehoboam taking over from Solomon rejecting the advice of the counsellors who had served his father and urged moderating the taxes he imposed. Instead he followed the advice of youmger sages who told him to answer the people's complaints:

I Kings 12:10-11:10 And the young men that were grown up with him spake unto him, saying, Thus shalt thou speak unto this people that spake unto thee, saying, Thy father made our yoke heavy, but make thou it lighter unto us; thus shalt thou say unto them, My little finger shall be thicker than my father's loins. 11 And now whereas my father did lade you with a heavy yoke, I will add to your yoke: my father hath chastised you with whips, but I will chastise you with scorpions.

37 posted on 11/27/2013 6:59:53 PM PST by gusopol3
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To: stanne

To be clear, and maybe I was not, I believe IBD’s editorial….


38 posted on 11/27/2013 7:01:54 PM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: C. Edmund Wright

Perhaps the issue is that the ‘free market’ as the Pope has experienced it, that is in its South American variety, has done little to alleviate poverty there. (You can argue that it’s not really ‘free market’, sure, but what is?!) The Pope ought to visit Silicon Valley or the economic zones in China.


39 posted on 11/27/2013 7:04:16 PM PST by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: Insigne123

I assume it means if I recall correctly and on the other hand. (oink, oink :-))


40 posted on 11/27/2013 7:09:28 PM PST by Girlene (Hey, NSA!)
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To: the OlLine Rebel; All

A Communist pope!

This is bad. Very bad.


41 posted on 11/27/2013 7:17:23 PM PST by marktwain (The MSM must die for the Republic to live. Long live the new media!)
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To: Girlene; Insigne123

Sic, vel: Esyay. Ankthay ouyay.


42 posted on 11/27/2013 7:22:31 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: laplata

I hope we’re both wrong.
This really bothered me yesterday and it is still bothering me.The ‘priest’ that called in the the Savage show yesterday, he was disturbing to me as well. I don’t usually listen to Savage, I hope that ‘priest’ was a fake.


43 posted on 11/27/2013 7:26:02 PM PST by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: the OlLine Rebel; marktwain

Methinks the word communist is being thrown around a bit lightly without actually considering what the Pope is saying in context. Did I miss the part about all property belonging to the state? I did like the bit against deficit spending in paragraph 56. On the whole, the standard analysis of Papal material concisely captured in the cartoon linked below (I’m not savvy enough to post the thing myself.)

http://wdtprs.com/blog/wp-content/uploads/2013/10/13_10_03_cartoon.png


44 posted on 11/27/2013 7:29:04 PM PST by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: C. Edmund Wright

The Catholic Church has been taken over by the Fairness Doctrine which is pure Marxism.

Pray America is Waking


45 posted on 11/27/2013 7:32:49 PM PST by bray (Repeal Obamacare)
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To: Irenic

The “priest” could have been a seminar caller. The Progressives are devious and think they can sway opinion by doing things like that.


46 posted on 11/27/2013 7:35:58 PM PST by laplata (Liberals don't get it .... their minds are diseased.)
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To: bray

The Fairness Doctrine pertains to radio.


47 posted on 11/27/2013 7:37:29 PM PST by laplata (Liberals don't get it .... their minds are diseased.)
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To: GeronL

Question: Has anyone ever seen or experienced a “Trickle up economy”?


48 posted on 11/27/2013 7:45:03 PM PST by saintgermaine
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To: Hieronymus

Welcome.


49 posted on 11/27/2013 7:46:03 PM PST by Girlene (Hey, NSA!)
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To: FreeReign

“Link?”

“While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation. Consequently, they reject the right of states, charged with vigilance for the common good, to exercise any form of control. A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules. Debt and the accumulation of interest also make it difficult for countries to realize the potential of their own economies and keep citizens from enjoying their real purchasing power. To all this we can add widespread corruption and self-serving tax evasion, which have taken on worldwide dimensions. The thirst for power and possessions knows no limits. In this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which become the only rule... With this in mind, I encourage financial experts and political leaders to ponder the words of one of the sages of antiquity: “Not to share one’s wealth with the poor is to steal from them and to take away their livelihood. It is not our own goods which we hold, but theirs”.

” Welfare projects, which meet certain urgent needs, should be considered merely temporary responses...We can no longer trust in the unseen forces and the invisible hand of the market. Growth in justice requires more than economic growth, while presupposing such growth: it requires decisions, programmes, mechanisms and processes specifically geared to a better distribution of income, the creation of sources of employment and an integral promotion of the poor which goes beyond a simple welfare mentality. I am far from proposing an irresponsible populism, but the economy can no longer turn to remedies that are a new poison, such as attempting to increase profits by reducing the work force and thereby adding to the ranks of the excluded.

205. I ask God to give us more politicians capable of sincere and effective dialogue aimed at healing the deepest roots – and not simply the appearances – of the evils in our world! Politics, though often denigrated, remains a lofty vocation and one of the highest forms of charity, inasmuch as it seeks the common good.[174] We need to be convinced that charity “is the principle not only of micro-relationships (with friends, with family members or within small groups) but also of macro-relationships (social, economic and political ones)”.[175] I beg the Lord to grant us more politicians who are genuinely disturbed by the state of society, the people, the lives of the poor! It is vital that government leaders and financial leaders take heed and broaden their horizons, working to ensure that all citizens have dignified work, education and healthcare...

... Indeed, it is becoming increasingly difficult to find local solutions for enormous global problems which overwhelm local politics with difficulties to resolve. If we really want to achieve a healthy world economy, what is needed at this juncture of history is a more efficient way of interacting which, with due regard for the sovereignty of each nation, ensures the economic well-being of all countries, not just of a few.”

http://www.vatican.va/holy_father/francesco/apost_exhortations/documents/papa-francesco_esortazione-ap_20131124_evangelii-gaudium_en.html


50 posted on 11/27/2013 7:52:35 PM PST by Mr Rogers (Liberals are like locusts...)
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