Posts

Pope Francis denounces ‘trickle-down’ economics

Pope Francis denounces ‘trickle-down’ economics

Pope Francis delivers  a speech March 15, 2013, during a meeting of the world’s cardinals. (Osservatore Romano/EPA)Pope Francis delivers a speech March 15, 2013, during a meeting of the world’s cardinals. (Osservatore Romano/EPA)

Pope Francis has released a sharply worded take on capitalism and the world’s treatment of its poor, criticizing “trickle-down” economic policies in no uncertain terms.

In the first lengthy writing of his papacy — also known as an “apostolic exhortation” — Francis says such economic theories naively rely on the goodness of those in charge and create a “tyranny” of the markets.

“In this context, 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,” the pope wrote. “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.” Read more

Pope Francis To G8 Global Leaders: Goal of Economics is to Serve Humanity

Article brought to you by: Catholic Online (www.catholic.org)

Pope Francis To G8 Global Leaders: Goal of Economics is to Serve Humanity

By Deacon Keith Fournier
June 19th, 2013
Catholic Online (www.catholic.org)
http://www.youtube.com/watch?v=B8Eq2Ix8IoE&feature=player_detailpage#t=0s

The goal of economics and politics is to serve humanity, beginning with the poorest and most vulnerable wherever they may be, even in their mothers’ wombs. Every economic and political theory or action must set about providing each inhabitant of the planet with the minimum wherewithal to live in dignity and freedom, with the possibility of supporting a family, educating children, praising God and developing one’s own human potential. This is the main thing; in the absence of such a vision, all economic activity is meaningless. (Pope Francis)

VATICAN CITY (Catholic Online) – I derive such joy from the message of this Pope named Francis. I also love the manner in which he is delivering them. He is keeping observers off balance as they attempt to put him in one of their contrived boxes and try to label him.

The text of a letter which he sent to the Prime Minister of the United Kingdom in advance of the G8 Meeting was released this weekend. It is one more example of shaking things up! It can be read in its entirety on the Vatican Website. Here is a quote:   Read more