The Pope may be confused along with a lot of other people as to what Capitalism truly is and should be. I prefer to use the term “free enterprise, something that America hasn’t had for a long time and we are suffering for it. Fascism and over-regulation of businesses is where we are at now, and no one but the Oligarchs will benefit very much from that system before it all crashes and burns...which it will, as planned. Latin America is a prime example of that, so can understand why the Pope doesn’t think that Business helps the little guy.
I’m a Mitchell fan.
The average Argentine has his knickers in a perpetual wad over the IMF and demands that the country repay the international banks for years of credit extended to an irresponsible government.
That government in turn has scapegoated the IMF and the banks as the boogey men, which most average people have swallowed hook, line and sinker. Hence His Holiness, like most of his countrymen, sees something evil and sinister in the existing world economic order.
This article is taking a misunderstanding of what the Pope said and then applies additional misunderstanding.
Unfettered capitalism is NOT a free market. And the Pope NEVER made a statement against free markets.
Unfettered captialism is capitalism in which there are no anti-monopoly laws. Unfettered capitalism allows insider trading. The absence of anti-monopoly laws and insider trading regulations results in CLOSED markets; in unregulated capitalism those with wealth can use their wealth to CLOSE markets to competition. This is undesirable,as it leads to inefficiencies,higher prices and removes the motivation for innovation.
OTOH, capitalism that is mildly regulated - so that competition is encouraged IS a free market and IS the most desirable economic model.
Unfortunately the Cardinals selected a “liberation” theologian as Pope. They should have found another Urban II instead.
He asked everyone to give willingly. Giving because one is forced by the government to do so is NOT a Christian act; neither is advocating that people be forced to give.
IMO, part of practicing Christianity is working to develop within oneself a willingness to give, and then acting upon that willingness - but the last time I checked it was not the job of the government to "help" us practice Christianity.
Anyone who confuses Christian charity with government-mandated welfare programs is seriously missing the point.
In the capitalistic United States, the most pressing health concern for the poor is rampant, morbid obesity. I’d like to hear the Pope’s musings on that. His meaning and context are clear; there is no getting around it. The Pope has very little understanding of economics. It’s not part of his job, and he should probably avoid the subject.
Frequently, when the Pope speaks, people are saying ‘”Aw! he didn’t mean that”. Maybe the Pope ought to have think carefully about what he says before he says it. We didn’t have that problem with John Paul or Benedict. It seems as if abortion, gay marriage and politics is not as important as sharing the wealth, ie socialism.
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.
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.
So much for infalibility!
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.
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.
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.
**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.
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.
“Thou shalt not steal” - Socialism is theft - The Pope is wrong
The Pope Is Wrong about Capitalism: Flea Markets Are Best for the Less Fortunate
Free market Capitalism provides the greatest good for the greatest number, including Catholics.
The pope could be caught sodomizing a choir boy and catholics would say he was taken out of context.