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 ...
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.
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.
I wanted to like this guy.
Thanks for posting.
I am a STAUNCH Catholic and I'm saying the Pope needs to keep to RELIGIOUS things.
yes, but apparently the Pope conflates these things...
The problem is, they think they’re being religious when they talk about this….
Peter’s Pence collection will be a LOT LESS this year!
Is the Pope Catholic? Suddenly the question begs its own question. Well, the is still the “bear.....”
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.
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.
“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.
Well, if you suspect that, it shouldn't be too hard to get a transcript and translate it ourselves, should it?
Point taken. I still think the Pope was off base.
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.
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.
Dude, what’s your point?
The point was obvious.
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!
“I wonder what they do teach them at these schools.”
OMG, you gotta jump back in…..
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