Tuesday, November 26, 2013

Pope Francis rips capitalism and trickle-down economics to shreds in new policy statement

story from http://www.rawstory.com/rs/2013/11/26/pope-francis-rips-capitalism-and-trickle-down-economics-to-shreds-in-new-policy-statement/

"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.

"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," Pope Francis 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."

The pope lamented that people had "calmly accepted (the) dominion" of money over themselves and society, which he said was expressed in the recent financial crisis and the continuing promotion of consumer-based economies.

"We have created new idols," the pope wrote. "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.""

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