Whether new or old the thoughts about capitalism and socialism radically violate and contradict the teachings of Jesus Christ. They are wrong whether new or old.
Pope Francis uses the term “markets” instead of capitalism. But his meaning is unmistakable.
Pope Francis’ Apostolic Exhortation explicitly argues for government intervention in the economy (markets) which can only be achieved by government violence or threat of violence. Jesus does not support violence to intervene in the economy.
Ironically, he's all for government interaction in markets…
…unless you're talking about labor markets.
In that case, he (and the whole rest of the Bishops) are all for open borders, letting cheap labor put out of work the original residents of those affected countries!
Have you read the encyclical?