John M. Becker

Pope Francis Slams Greed, Trickle-Down Economics

Filed By John M. Becker | November 27, 2013 9:00 AM | comments

Filed in: Quote of the Day
Tags: Catholic Church, Catholicism, conservatism, Francis, greed, Pope Francis, trickle-down economics

"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. 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...

"We have created new idols. The worship of the ancient golden calf has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose. The worldwide crisis affecting finance and the economy lays bare their imbalances and, above all, their lack of real concern for human beings; man is reduced to one of his needs alone: consumption."

-- Pope Francis, slamming unfettered capitalism and ripping so-called "trickle-down" economics in "Evangelii Gaudium" (The Joy of the Gospel), an 84-page apostolic exhortation released yesterday. (I'm sure conservatives will hate him even more now!) It wasn't all good news, though: he also bluntly ruled out the ordination of women.

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