I, too, haven’t read the entire encyclical, but the religious right has never been characterized by off-the-cliff free market extremism. To be sure, many of us at FR went through a libertarian phase, — I did, — but typically the attraction of libertarianism fades precisely when the political right wing becomes primarily Christian in its outlook.
The exploding heads have started already. Frankly, the reaction here on FR says far, far more about the mindset and “Christianity” of many of the posters on this site than it does about the theology of the Pope. A few of us have noted and warned against this sort of twisted, politized reaction to what The Church teaches before. It was like hollering down a well!
http://www.freerepublic.com/focus/f-news/2287305/posts