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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: 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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To: C. Edmund Wright

He’s a Jesuit. He’s been indoctrinated with collectivism.

This comes as no surprise.

It should be ignored.

How many divisions does he have?


51 posted on 11/27/2013 8:02:45 PM PST by SaxxonWoods (....Let It Burn...)
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To: C. Edmund Wright

Yep, life is tough. All sorts of physical constraints, like laws of economics, gravity. Cheesh.


52 posted on 11/27/2013 8:04:47 PM PST by BusterBear
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To: C. Edmund Wright

Government produces nothing. It can only confiscate and “redistribute” goods and services produced by individuals cooperating with one another. Without those producers, government has nothing to “redistribute.”


53 posted on 11/27/2013 8:09:53 PM PST by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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To: oblomov

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

Monte never knew much about MadMo and the history of Islam, did he?


54 posted on 11/27/2013 8:12:12 PM PST by GladesGuru (Islam Delenda Est - Because of what Islam is and because of what Muslims do.)
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To: laplata

Sorry, I meant Social Justice in the Catholic Church.


55 posted on 11/27/2013 8:12:59 PM PST by bray (Repeal Obamacare)
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To: C. Edmund Wright

There’s a link and a quoted excerpt in the following thread. Very interesting.

POPE FRANCIS ATTACKS CAPITALISM, CALLS FOR STATE CONTROL
Breitbart ^ | 27 Nov 2013, | WILLIAM BIGELOW
http://freerepublic.com/focus/f-news/3096171/posts?page=10#10


56 posted on 11/27/2013 8:15:03 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Fungi

Could you please stop posting pictures of this buffoon?


Why?... Lurkers need love too...


57 posted on 11/27/2013 8:24:21 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: C. Edmund Wright

A truly free market does foolish things like support tyrants and popes.


58 posted on 11/27/2013 8:30:07 PM PST by Born to Conserve
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To: C. Edmund Wright

Oh. I know.

Well, we’ll just see.


59 posted on 11/27/2013 8:31:20 PM PST by stanne
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To: bray

You’re right.

Don’t worry, I do that all the time. LOL


60 posted on 11/27/2013 8:31:58 PM PST by laplata (Liberals don't get it .... their minds are diseased.)
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