Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Pope Francis Is Wrong: Free Market Is Not A Tyrant
Investors Business Daily (Investors.com) ^ | 11-26-13 | IBD Editorial Staff

Posted on 11/27/2013 5:59:31 PM PST by C. Edmund Wright

Economics: It seems the official position of Pope Francis is that the free market is a wicked enemy that must be restrained. With all due respect, he's mistaken. The free market has been a heavenly blessing. Two days before our American Thanksgiving, the Argentinian pontiff, in his first apostolic exhortation, called the free market a "new tyranny." "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," he wrote in the Vatican report. Claims of free-market success, he said, have "never been confirmed by the facts." He went on to condemn "a financial system which rules rather than serves." Actually, no economic system has brought more prosperity to more people than free-market capitalism. Neither socialism nor communism has increased prosperity, and are themselves ruled by tyrants.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: catholic; pope; popefrancis
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 next last
To: C. Edmund Wright

A free market where any individual has a shot at success is one thing, which is what our founding fathers originally intended, not the fascist quasi-socialist best politicians money can buy government we have today. If you can simply pay the government to crush any competition, you have become the enemy of the people, and are no better than the worst third world crackpots, and probably aren’t worth the rope that they’ll hang you from in the end. Crony capitalism is simply fascism hiding in plain sight.


61 posted on 11/27/2013 9:37:52 PM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: vladimir998

Of course that was a rhetorical question that I would pose to the Pope in advance of asking him to consider whether good or evil creates the riches that do good around the world.


62 posted on 11/27/2013 9:43:22 PM PST by Baynative (Wake me up early, be good to my dogs and teach my children to pray.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Mr Rogers
Oh, no.

I wanted to like this guy.

Thanks for posting.

63 posted on 11/28/2013 12:28:00 AM PST by TChad
[ Post Reply | Private Reply | To 50 | View Replies]

To: C. Edmund Wright
This is what happens when a Jesuit is in charge.....they think they are the SMARTEST people in the room.

I am a STAUNCH Catholic and I'm saying the Pope needs to keep to RELIGIOUS things.

64 posted on 11/28/2013 1:55:51 AM PST by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: factoryrat

yes, but apparently the Pope conflates these things...


65 posted on 11/28/2013 2:42:36 AM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 61 | View Replies]

To: Ann Archy

The problem is, they think they’re being religious when they talk about this….


66 posted on 11/28/2013 2:48:07 AM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 64 | View Replies]

To: C. Edmund Wright

Peter’s Pence collection will be a LOT LESS this year!


67 posted on 11/28/2013 2:49:42 AM PST by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
[ Post Reply | Private Reply | To 66 | View Replies]

To: C. Edmund Wright

Is the Pope Catholic? Suddenly the question begs its own question. Well, the is still the “bear.....”


68 posted on 11/28/2013 4:19:17 AM PST by ThePatriotsFlag
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

These quotes from Pope Francis are going to be used in every lib and socialist screed for the next fifty years.

Thanks C. Edmund Wright.


69 posted on 11/28/2013 4:39:31 AM PST by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
[ Post Reply | Private Reply | View Replies]

To: C. Edmund Wright

I think you’re right; may want to send Rush an email and a copy of your editorial; I’m sure (seriously) he’d appreciate it...he was kinda distraught and didn’t want to believe it yesterday.


70 posted on 11/28/2013 6:54:13 AM PST by CincyRichieRich (“Life is hard, but it’s harder when you’re stupid.” John Wayne)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Baynative

“whether good or evil creates the riches that do good around the world.”

Both. Think of how many people make an honest living by supplying drug dealers or other criminals, or pornographers, or what have you without even knowing it. I remember the qualms a friend of mine had about working for a small tech firm in the 90s that provided internet access to a woman in a small town. She was their single biggest costumer selling pornography of herself online. Eventually he left the job.


71 posted on 11/28/2013 6:56:06 AM PST by vladimir998
[ Post Reply | Private Reply | To 62 | View Replies]

To: CincyRichieRich
do you think the Pope’s speech was purposely mistranslated by Marxists?

Well, if you suspect that, it shouldn't be too hard to get a transcript and translate it ourselves, should it?

72 posted on 11/28/2013 7:30:53 AM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment. [Ludwig Von Mises])
[ Post Reply | Private Reply | To 9 | View Replies]

To: vladimir998

Point taken. I still think the Pope was off base.


73 posted on 11/28/2013 8:02:59 AM PST by Baynative (Wake me up early, be good to my dogs and teach my children to pray.)
[ Post Reply | Private Reply | To 71 | View Replies]

To: C. Edmund Wright; Ann Archy
I posted this on another Francis thread this morning and am copying it for this thread. The quote is from another poster, the rest is a rejoinder to him for his foolish misunderstanding:

Limbaugh wants UNFETTERED capitalism? The kind that has turned China into a gigantic sewer of poisoned lakes and rivers and where people have to walk around with face masks and eye protection because the air is so poisoned and filthy?

and a happy Thanksgiving to you to........except you might want to check your ignorance at the dinner table when you spout the multiple points the current administration wants you to give to the rest who are at your table.

The idea that unfettered capitalism causes dirty air and water in China is beyond stupid, capitalism had nothing to do with the pollution there, however, state controlled monopoly directives DID cause it.

The finest example of so called "unfettered" capitalism was Taiwan before the Chicoms took it over. There was little to no pollution as a result, people were incredibly entrepreneurial, very little poverty, and pollution was under control. they were once a perfect example of "unfettered" capitalism.

This is a long story, but listen up, and listen well: Peter Lynch was the head of the Magellan Fund (a great winner in the world of unfettered capitalism, even a better record than Warren Buffet). I heard him relate the story of his father bringing him all over the world as a young boy just after WWII. They visited the rubble of some fifty countries in the West and the East, all around the globe. In the early to mid 1990's, after he left Magellan, he took his family around the same exact itinerary. According to him, EVERY country with a top down statist economy was not far removed from the state of rubble he had seen as a child (dirty, lots of poverty, little hope), and EVERY country that came close to "unfettered" capitalism was not only quite well off, having lifted themselves from the rubble, but had far less pollution and far greater hope as a culture. To the degree that each country had a top down statist approach, was the degree of poverty, misery, and pollution.

I don't know what the Pope said, but if he came anywhere near what was reported, the man simply needs to continue on another subject, as he may be as ignorant on this subject as you are.

74 posted on 11/28/2013 8:14:35 AM PST by Lakeshark (Mr Reid, tear down this law!)
[ Post Reply | Private Reply | To 66 | View Replies]

To: Lakeshark

Yikes, you ran across an ignorant poster to be sure….I mean, to even try and use Communist China as an example of “unfettered capitalism” - no doubt he’s some college grad with a degree in transgender pottery or some such rubbish.


75 posted on 11/28/2013 8:26:21 AM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 74 | View Replies]

To: vladimir998

Dude, what’s your point?


76 posted on 11/28/2013 8:27:32 AM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 71 | View Replies]

To: C. Edmund Wright

The point was obvious.


77 posted on 11/28/2013 8:31:53 AM PST by vladimir998
[ Post Reply | Private Reply | To 76 | View Replies]

To: Baynative

Looks like the Catholic church has a real socialist in leadership. The free market does help to create tyrants in business without any ethics, especially in my field, sales. But it also produces great and wonderful companies that help people raise families and advance their lives here on earth. It is a FREE market for good or evil, just as God has it set up!


78 posted on 11/28/2013 8:35:54 AM PST by fabian (" And a new day will dawn for those who stand long, and the forests will echo in laughter")
[ Post Reply | Private Reply | To 2 | View Replies]

To: C. Edmund Wright
Much of that thread was a shocking display of economic ignorance, waaay too many here somewhat in agreement, but this guy was at the bottom of the class.

“I wonder what they do teach them at these schools.”

79 posted on 11/28/2013 8:37:02 AM PST by Lakeshark (Mr Reid, tear down this law!)
[ Post Reply | Private Reply | To 75 | View Replies]

To: Lakeshark

OMG, you gotta jump back in…..


80 posted on 11/28/2013 8:48:05 AM PST by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
[ Post Reply | Private Reply | To 79 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-85 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson