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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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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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