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The Pope Is Wrong about Capitalism: Free Markets Are Best for the Less Fortunate
Townhall ^ | 12/02/2013 | Daniel J. Mitchell

Posted on 12/02/2013 7:41:24 AM PST by SeekAndFind

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To: SeekAndFind

Jesus with no “libertarian” modifier would agree, to a certain extent.
He wasn’t really concerned with the material or the economic but with the hearts of the people.


21 posted on 12/02/2013 8:11:11 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SeekAndFind

Dunno.
What the media says the Pope wrote, and what he meant might very well be two entirely different things. They lie and distort like the instruments of evil that most of them are.
Folks also need to remember that this was written in Spanish before it was translated, then came to us through the offices of the commie-pinko media. Add to that, this doc was about 54,000 words long - about the size of a novel.
It would still be Vatican’s fault for not making things perfectly clear.
The truth remains though - those “guardians of the common good,” the nation-states, have murdered hundreds of millions in the last century, and spread more poverty and misery around the world, while semi-Free Markets, semi-Free Enterprise and semi-Capitalism have fed more people, raised more standards of living, and generally done more good than all the governments of the world combined.
The Pope ought to write a document recognizing this and put all this “the Pope is a commie” crap to sleep once and for all.


22 posted on 12/02/2013 8:16:04 AM PST by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
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To: WayneS

The Pope also used the phrase “free market”.

Huh, you're right! On page 46 (from here) he said--

"...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. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting."

I'm not happy with Pope Trickletrickle...

23 posted on 12/02/2013 8:26:57 AM PST by expat_panama
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To: SeekAndFind

So much for infalibility!


24 posted on 12/02/2013 8:31:37 AM PST by PATRIOT1876
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To: PATRIOT1876

RE: So much for infalibility!

Pope Francis was NOT speaking ex-cathedra in this Apostolic letter.


25 posted on 12/02/2013 8:32:30 AM PST by SeekAndFind
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To: Buckeye McFrog

In 1900 Argentina was considerably more prosperous than Canada or Oz, #10 in per capita GDP.

They were at 80% of the USA pc/GDP. Today they’re a little over 30%.

http://en.wikipedia.org/wiki/File:GDP_per_capita_of_Argentina,_percent_of_US_(1900-2008).png


26 posted on 12/02/2013 8:35:13 AM PST by Sherman Logan
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To: SeekAndFind

I suspect he would see things differently if there were actually a free market in existence.

What we have today are managed markets where winners and losers are chosen by politicians who are mostly socialists anyway.


27 posted on 12/02/2013 8:36:15 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Sioux-san

In Latin America, as you say, capitalism has almost always meant crony capitalism. Oddly enough, Chile under and after Pinochet was one of the few exceptions. Though it looks like they’re heading back in that direction.


28 posted on 12/02/2013 8:37:03 AM PST by Sherman Logan
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To: SeekAndFind

It’s fascinating to see people try to defend the Pope on this. He wasn’t speaking ex cathedra. His context was quite clear. What he said is fairly hostile to the idea of free markets. He even used the straw man formulation of “some people”, which is a lot like “there are those who say ...”. He implies that free markets are controlled, but doesn’t say what would control his preferred alternative. Any entity given the power to allocate resources like the market will be as corrupt as the men running it.

Where markets are more free, there is more prosperity, more inclusiveness, and better material circumstances for the poor.


29 posted on 12/02/2013 8:38:23 AM PST by cdcdawg (Be seeing you...)
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To: SeekAndFind
Pope Francis was NOT speaking ex-cathedra in this Apostolic letter.

Good to know.  No problem then, we all say stupid things in major policy tracts all the time.

30 posted on 12/02/2013 8:39:52 AM PST by expat_panama
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To: SeekAndFind
I fail to understand why anybody is surprised. The Church has never been comfortable with the free market and how it works.

Prohibition of usury and other business practices during and after the Middle Ages.

Corporatism (which later was adopted by (Italian) fascism) was a big ideal among a lot of Catholic thinkers during the 19th and 20th. Note for idiots: Corporatism does NOT mean rule by corporations.

US Catholics have not taken a lead in this generally, but devout Catholics in Europe have seldom been strong for markets. Many were involved in the search for a "Third Way" between market and command economies.

The Church may have backed off some during the Cold War, on the enemy of my enemy basis, but I can't think of any official Church document ever that indicated strong belief in free markets as the basis for an economy.

31 posted on 12/02/2013 8:45:30 AM PST by Sherman Logan
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To: cdcdawg
a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, ... expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.

He really doesn't seem to understand the Invisible Hand. No goodness required.

OTOH, putting power to control the economy into human hands DOES require "crude and naïve trust in the goodness of those wielding economic power."

32 posted on 12/02/2013 8:49:01 AM PST by Sherman Logan
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To: Sherman Logan
Should point out that an efficient command economy requires belief not only in the "goodness" of those tasked with the commanding, but also that they will have the required wisdom and knowledge.

What is crude and naive is to assume that any group of humans can be trusted with such power.

33 posted on 12/02/2013 8:50:42 AM PST by Sherman Logan
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To: SeekAndFind

**Editor’s Note: I’m Catholic... Conservative, Traditional Catholic. Mitchell’s right; Pope wrong**

The Editor here needs to find the correct translation. It was mis-translated and the lamestream media, including this guy leaped on it.


34 posted on 12/02/2013 8:52:00 AM PST by Salvation ("With God all things are possible." Matthew 19:26)
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To: Salvation

The only English translation we have is in the Vatican’s Official website itself. Here it is:

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

I believe the above is where everyone gets their source.


35 posted on 12/02/2013 8:53:57 AM PST by SeekAndFind
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To: Sioux-san

“The Pope may be confused along with a lot of other people as to what Capitalism truly is and should be.”

No he isn’t confused, like most “religious leaders” from big religions, he’s simply a Socialist. He and his ilk would gladly crash “capitalism” in their “eternal quest” to “help” the world’s “poor.” While at the same time, not unlike our current government, they take a healthy cut from the offerings plate for themselves. Just look at how the Archbishop of Los Angeles openly flaunts immigration law to “help” the folks from Mexico and points south. The fact that what he’s doing is helping to destroy the economy for those of us who are here legally doesn’t even enter his mind.


36 posted on 12/02/2013 8:56:11 AM PST by vette6387
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To: Sherman Logan

Exactly! The “market” is neither good nor evil. Much the same goes for gravity. Things cost what they cost, and to have one thing is to necessarily forgo another.


37 posted on 12/02/2013 8:58:29 AM PST by cdcdawg (Be seeing you...)
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To: SeekAndFind
the Pope has started a debate about whether free markets are bad, particularly for the poor.

Free markets are necessary for the formation of the free market price system, which is one of the institutions of capitalism that lead to an increased division of labor, which leads to economic progress, which leads to increased wealth and prosperity for everyone including the poor.

Increased division of labor also leads to increased productivity of labor, which leads to increased average real wage rates for workers, which leads to higher standard of living for the average worker.

38 posted on 12/02/2013 9:08:03 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: Salvation
Yes. It was mistranslated. Unfortunately, the mistranslation was indeed from the official Vatican translator, which makes it much more annoying and worrisome.

This article is explains one of the errors:

http://wdtprs.com/blog/2013/11/evangelii-gaudium-54-trickle-down-economics-significant-translation-error-changed-meaning/

And this is the response from a fluent Spanish and English speaking friend to whom I sent that link:

"The Fr. is right, whoever translated this made a mistake and it changes the meaning. But "por si mismo" is a very common phrase (as common as the English), so I think the mistake was intentional. Using the word "justice" is not remotely warranted either, but we know that "social justice" is a common left-wing slogan. He also omitted the word "all," though this is not so significant.

This is how I would translate it.

54. En este contexto, algunos todavía defienden las teorías del «derrame», que suponen que todo crecimiento económico, favorecido por la libertad de mercado, logra provocar por sí mismo mayor equidad e inclusión social en el mundo.

54. In this context, some still defend "trickle-down" [literally: "spill-over"] theories, which assume that *all* economic growth, fostered by free markets, can achieve *by itself* greater equality and social inclusion in the world.

39 posted on 12/02/2013 9:09:48 AM PST by edwinland
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To: SeekAndFind

“Thou shalt not steal” - Socialism is theft - The Pope is wrong


40 posted on 12/02/2013 9:10:34 AM PST by 'smith
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