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The Pope's attack on capitalism shows he knows nothing about how the world really works
telegraph.co.uk ^ | 6/22/2014 | Allister Heath

Posted on 06/22/2014 7:45:13 AM PDT by RoosterRedux

The Pope’s latest critique this week was equally unfounded, blaming speculators for high food prices. “The few derive immense wealth from financial speculation while the many are deeply burdened by the consequences,” he said, claiming that “speculation on food prices is a scandal which seriously compromises access to food on the part of the poorest members of our human family”.

*snip*

Those who buy and sell and seek to predict the future perform a crucial and legitimate social function; without them, the economy would lurch from over-supply to under-supply. Markets would be horrendously opaque and illiquid, with some consumers paying far more than others for identical products. When the price of food goes up, it means experts collectively feel demand will rise or supply will fall; thanks to such speculation, market prices are the best possible early warning signal. They allow farmers to plant more of the right kinds of crops, and futures markets allow them to insure themselves against price changes. Speculators who keep getting it wrong go bust.

(Excerpt) Read more at telegraph.co.uk ...


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1 posted on 06/22/2014 7:45:13 AM PDT by RoosterRedux
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To: RoosterRedux

Hey Working American Catholics!

Cut all tithes with Rome.


2 posted on 06/22/2014 7:48:47 AM PDT by ROCKLOBSTER (June IS "Republicans Freed the Slaves" Month.)
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To: RoosterRedux

Productive capitalism creates the wealth that makes social justice and charity possible.


3 posted on 06/22/2014 7:49:28 AM PDT by allendale
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To: allendale

THANK YOU!!!


4 posted on 06/22/2014 7:53:41 AM PDT by Argus
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To: RoosterRedux

Cue the WTPRM (What the Pope Really Meant) crowd in 3...2...1...


5 posted on 06/22/2014 7:54:20 AM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: RoosterRedux
Cue Margaret Thatcher:

Mr. Speaker, people on all levels of income are better off than they were in 1979. The hon. Gentleman is saying that he would rather that the poor were poorer, provided that the rich were less rich. That way one will never create the wealth for better social services, as we have. What a policy. Yes, he would rather have the poor poorer, provided that the rich were less rich.

6 posted on 06/22/2014 7:57:07 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: RoosterRedux

Good post. Thanks!


7 posted on 06/22/2014 7:57:22 AM PDT by Mr Rogers (Left wing. Right wing. One buzzard.)
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To: ROCKLOBSTER

Nancy Pelosi is a pro-abortion “Catholic” who has cut all ties to Rome. Despite the Pope’s apparent ignorance on certain aspects of capitalism, someone must set the example on the more important things.


8 posted on 06/22/2014 7:57:56 AM PDT by Telepathic Intruder (The only thing the Left has learned from the failures of socialism is not to call it that)
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To: RoosterRedux

I meet very few South Americans of any stripe who don’t accept the basic Marxist tenets, in some form, of class struggle, vague collectivism, statism and central planning. I see the Pope is no different, he’s probably never thought about it - so no surprises there.

Spanish history was always one of top-down rule, from kings and their viceroys to fascists, communists and their statism and central planning. This authoritative, classist system was transferred to their colonies and they have stewed in it for 500 years. Very few South or Central Americans I meet understand individual liberty, the rights of the individual and his property, and free-market capitalism. These countries’ low-information voters greatly outnumber even our own here in the USA.

Its why the American left wants to import the lowest levels of these societies into the USA as quickly as possible.


9 posted on 06/22/2014 7:59:15 AM PDT by PGR88
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To: Telepathic Intruder
who has cut all ties

Tithes, I said tithes.

10 posted on 06/22/2014 8:00:05 AM PDT by ROCKLOBSTER (June IS "Republicans Freed the Slaves" Month.)
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To: RoosterRedux

A Catholic priest, bishop, or Pope....is only an expert at one thing...reading off the Bible scripture. Beyond that....they can’t tune carburetors,repair a leaking roof, lay bricks, herd cattle, run a flea market, or operate a pub. Any time they want to offer up advice on capitalism or the best time of year to plant corn, I wouldn’t waste much time with them.


11 posted on 06/22/2014 8:00:05 AM PDT by pepsionice
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To: Mr Rogers
Yur welcome.

I know plenty of Protestant ministers who are just as fuzzy on business and free markets, but they don't have the same audience size.

12 posted on 06/22/2014 8:00:35 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: ROCKLOBSTER

Oops :)


13 posted on 06/22/2014 8:00:55 AM PDT by Telepathic Intruder (The only thing the Left has learned from the failures of socialism is not to call it that)
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To: RoosterRedux

Please give up the “my brand of Christianity is better than your brand” mantra that has become all too frequent here on FR. And don’t point fingers and claim one side started it or one side is worse than the other. You’re all equally guilty. We have bigger fish to fry right now, and quoting scripture to one another from the anonymous comfort of your keyboard is futile. This is a political site, and while religion and politics do intermingle, the religious arguments here turn it into something different.

If you want to bicker and argue over who is correct, please start your own site regrading Catholicism vs. Protestantism.


14 posted on 06/22/2014 8:01:44 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: Opinionated Blowhard

And that hits directly at what liberalism — and its foundation, marxism — are all about.


15 posted on 06/22/2014 8:01:53 AM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: goodwithagun

This article isn’t about religion. It is about the Pope and his efforts to push Marxism.


16 posted on 06/22/2014 8:04:55 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: goodwithagun

Could NOT agree more. Well said “goodwithagun”.

This is the first, and only, religious discussion I have posted to but felt it important to echo your sentiment. Sometimes those who “freak out” when their beliefs are questioned and scream “tyranny” are among the first to question others’ beliefs.


17 posted on 06/22/2014 8:06:28 AM PDT by RIghtwardHo
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To: RoosterRedux

Which is intended to bash Catholics. Yes, we’re all aware of the purpose of posting this article, regardless of the article’s topic. The cooler heads prevailing are on to you.


18 posted on 06/22/2014 8:06:45 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: RoosterRedux
Capitalism is where the peasants are allowed to own the means of production.

There is a continuum from anarchy to capitalism to socialism to communism. Under anarchy nobody owns anything. Under capitalism people who use property to create things of value for other people own the property they use. Under communism, the state owns everything, and whether anything of any value to anyone is produced is irrelevant.

19 posted on 06/22/2014 8:08:29 AM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)
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To: goodwithagun
If Billy Graham or Franklin, or James Dobson were selling Marxism, I would be just as eager to get the news out there.

This is not about Catholicism. It is about the Pope's naivete when it comes to business.

And, BTW I am not anti-Catholic and I don't think the author of this article meant it as anti-Catholic.

From the article...

There can be no doubt that Pope Francis is a devoted and selfless man who has dedicated his life to serving others. A phenomenal theologian, he abhors war and poverty and is an inspiration to hundreds of millions of believers; he has gained widespread respect even among those who disagree with the Roman Catholic church’s teachings.

So it is with great sadness that I must take exception to the Pope’s views on economics and business. His hostility to capitalism, shared by the Church of England, is tragically misplaced.


20 posted on 06/22/2014 8:12:30 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: RoosterRedux

Not this crap again. “Oil speculators don’t affect oil prices” has been debunked quite thoroughly here and elsewhere, so it can’t be ruled out for food prices.


21 posted on 06/22/2014 8:19:54 AM PDT by jiggyboy
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To: Telepathic Intruder

“someone must set the example on the more important things.”

What are you more important things?

Mamon or Spiritual

The Church does not have more importation things on its mind. It has not seen fit to excommunicate the Pelosi.


22 posted on 06/22/2014 8:20:02 AM PDT by DanZ
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To: pepsionice
That statement is absolutely false. The Catholic clergy is filled with men who are renowned in areas of expertise outside their "religious" responsibilities.

I'll offer you two examples that immediately come to mind: the late Fr. Stanley Jaki, a theologian and physicist who spent much of his career debunking so many of the myths surrounding the "settled science" of evolution; and Fr. Tadeusz Pacholczyk, one of the top advocates for human life in the Catholic Church (he did his graduate work at Harvard and Yale, and has a PhD. in neuroscience.

23 posted on 06/22/2014 8:20:59 AM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
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To: goodwithagun
When I disagree with Obama's eagerness to spread the wealth via Marsixm, I am called a "racist."

And now when I disagree with the Pope's desire to spread the wealth via Marxism, I am called a "Catholic basher."

WTH?

24 posted on 06/22/2014 8:21:44 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: RoosterRedux

The new pope:
capitalism sucks
islamics aren’t that bad
everyone goes to heaven

Did I miss anything?


25 posted on 06/22/2014 8:22:05 AM PDT by svcw (Not 'hope and change' but 'dopes in chains')
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To: goodwithagun

So anti capitalism is religion...who would of thunk it


26 posted on 06/22/2014 8:24:25 AM PDT by svcw (Not 'hope and change' but 'dopes in chains')
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To: goodwithagun

The Pope is a public figure. Millions listen to him. When he makes political speeches it is perfectly reasonable to discuss it on a political chat site.


27 posted on 06/22/2014 8:28:47 AM PDT by DManA
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To: RoosterRedux
Nuns are openly advocating abortion. Some priests are advocating homosexuality, and gay marriage. The Vatican is in disarray. And the Pope is speaking on economics?
I still trying to connect with this Pope.
28 posted on 06/22/2014 8:29:00 AM PDT by oldbrowser (We have a rogue government in Washington)
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To: oldbrowser

Sources for your statements, please.


29 posted on 06/22/2014 8:36:02 AM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: RoosterRedux

Presbyterians just jumped the shark also, makes one wonder what is going on, with Catholics and Protestants.


30 posted on 06/22/2014 8:36:56 AM PDT by Mark was here (If I had a Rodeo Clown he would look like Barak Obama.)
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To: jiggyboy

There is nothing moral/immoral about prices. They are simply information reflecting the balance between supply and demand. The surest way to guarantee want and deprivation is to mess with prices. That is immoral.


31 posted on 06/22/2014 8:38:58 AM PDT by DManA
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To: RoosterRedux

I am a regular practicing Roman Catholic and I am amazed at how many fellow Catholics are completely ignorant on basic business as well as economic laws.

These folks are as unfamiliar with Henry Hazlitt, Milton Friedman or FA Hayek as they are with the Democrat Party (in which they cast their vote) that supports Abortion as well as homosexuality marriage.

To non-Catholics, trust me, their is a cold war simmering in the Catholic Church between the Conservatives and lefties.


32 posted on 06/22/2014 8:42:21 AM PDT by Le Chien Rouge
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To: DManA

Unfortunately the purpose of these posts is to create another thread of Protestant vs. Catholicism. Read my original post to see that is what I meant.

If the regular Catholic bashers and Protestant bashers want to hash it out, they can do so on their own site. However, they are incapable of rational discussion regarding the actual article topic.


33 posted on 06/22/2014 8:46:05 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: svcw

That’s not what I posted.


34 posted on 06/22/2014 8:47:03 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: Le Chien Rouge
Same in the Protestant Churches.

I have an old friend who is a minister and a big Obama supporter.

When I ask him why he wants to raise taxes, he says, "it's charitable."

I respond by asking "what is charitable about taking money that doesn't belong to you and giving it away?"

He just looks at me with that weird look on his face. "Don't you care about the poor, he says?"

35 posted on 06/22/2014 8:47:43 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: goodwithagun

Do you see any Catholic bashing on this thread?


36 posted on 06/22/2014 8:48:29 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: DanZ

I agree Pelosi should be excommunicated for promulgating abortion. That shows the Vatican’s weakness in the face of politics. Jesus didn’t preach economic theory, however, nor advocated any kind of socialism, like liberals often claim. Spreading The Word and doing works of charity should be foremost on the minds of church leaders.


37 posted on 06/22/2014 8:51:12 AM PDT by Telepathic Intruder (The only thing the Left has learned from the failures of socialism is not to call it that)
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To: oldbrowser

This article is about what this pope stated in his apostolic letter last year. In which he criticizes ‘trickle down economics’, which he stood by, after given a chance to blame translators

I have read the document and I think the author here is correct. And I have to trust that this pep is right for our times, and I disagree with his criticism which is an opinion piece and not subject to infallibility if I am correct

None of this is about renegade nuns who are not in keeping with the church teaching on abortion

But you will be in company here with those who enjoy a good anticatholic pile on


38 posted on 06/22/2014 8:53:49 AM PDT by stanne
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To: goodwithagun

I read your post. You are wrong.


39 posted on 06/22/2014 8:54:37 AM PDT by DManA
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To: goodwithagun

Sure it is.
This tread is about the popes view on capitalism and you go on about religion
If you are bothered ask the admins to move the thread to the religion forum, oh wait it’s not about religion - never mind


40 posted on 06/22/2014 8:54:53 AM PDT by svcw (Not 'hope and change' but 'dopes in chains')
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To: RoosterRedux

Actually, there is a strange absence of that lately. I suspect the Irish septic tank scandal has the usual suspects lying low.


41 posted on 06/22/2014 8:55:35 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: RoosterRedux

To which a good reply would be “not any more”.


42 posted on 06/22/2014 8:56:48 AM PDT by The Toll
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To: DManA

I’m not wrong, you are. There. We can both play your silly game.


43 posted on 06/22/2014 8:57:05 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: goodwithagun

Let me qualify that. You are wrong about this thread.

You are right that there is way too many posts about

“All [Catholics/Protestants] are going to hell. I also wish FreeRepublic would do something about that.

One suggestion I’ve made for years is to allow readers to UNVIEW the religious threads. Especially the “caucus” threads. Which are insane. They shove it into your face and you are not allowed to comment.


44 posted on 06/22/2014 8:59:32 AM PDT by DManA
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To: goodwithagun

?


45 posted on 06/22/2014 9:01:04 AM PDT by stanne
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To: goodwithagun
I occasionally attend Mass with a family member who is Catholic...so I am not a Catholic basher (though I do like a lively discussion of the doctrinal differences from time to time between the Catholic Church and Protestants...but nothing too serious).

If any bashing occurs on this thread, let's politely ask them if they would please stay on topic.

46 posted on 06/22/2014 9:01:07 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: DManA

With that I can completely agree. When I first saw this post, my mind went immediately to what usually happens with these posts. As it is, that has not happened this time. I’m glad of this.


47 posted on 06/22/2014 9:01:20 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: goodwithagun

And the proselytizing has just out of control. Dozens of posts every day about “10,000 reasons why I [left/came home to] the Catholic Church”


48 posted on 06/22/2014 9:03:29 AM PDT by DManA
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To: RoosterRedux

I’m not Catholic either, and as I previously posted there are the usual suspects that take an article like thus and turn it into a holy war. That has not happened on this thread, but it is the type of article that typically generates those comments.


49 posted on 06/22/2014 9:03:48 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: ROCKLOBSTER

I have other sources of news about my faith.


50 posted on 06/22/2014 9:05:29 AM PDT by Mercat
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