Pope Francis rips capitalism and trickle-down economics to shreds in new policy statement
The pontiff released his Evangelii Gadium, or Joy of the Gospel, attacking capitalism as a form of tyranny and calling on church and political leaders to address the needs of the poor.
“As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world’s problems or, for that matter, to any problems,” the pope said in the 224-page document that essentially serves as his official platform.
Pope Francis said that inequality was the root of social ills, and prayed for world leaders with more empathy and sense of social justice.
“I beg the Lord to grant us more politicians who are genuinely disturbed by the state of society, the people, the lives of the poor!” Pope Francis wrote. “It is vital that government leaders and financial leaders take heed and broaden their horizons, working to ensure that all citizens have dignified work, education and healthcare.”
The pope has already drawn the ire of some conservative Catholics, particularly in the U.S., for his open-minded comments on social issues such as homosexuality, abortion and contraception, and he’s also previously criticized capitalism for promoting greed.
But his latest statements put those concerns into sharper focus – and puts him in sharp contrast to American conservative leaders who prize the unfettered free market and promote the Randian theory of objectivism, or rational self-interest.
“I am interested only in helping those who are in thrall to an individualistic, indifferent and self-centered mentality to be freed from those unworthy chains and to attain a way of living and thinking which is more humane, noble and fruitful, and which will bring dignity to their presence on this earth,” the pope wrote.
He also launched a broadside against former President Ronald Reagan’s signature economic theory, which continues to serve as conservative Republican dogma.