Pope Francis’s attack on some of the values of capitalism has reignited a long-running debate about whether the free market is compatible with Christianity.
The recently elected Pope continued his revitalization of the Church with an outspoken statement against the “new tyranny” of “unfettered capitalism.”
“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 a direct rebuttal of the theory espoused by free-market thinkers that wealth eventually benefits the whole of society.
“This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralised workings of the prevailing economic system.”
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