You are taking those words out of context. I keep saying again and again — read the entire document. Then you can make comments.
Your pope endorses the idea of capitalism as long as the state redistributes the wealth (profits) of the capitalists...He endorses democracy within levels...Similar to what we have in the US...BUT, without the sovereignty of the individual nations...He see it on a world scale...
Despite some of its structural elements, which should neither be denied nor exaggerated, “globalization, a priori, is neither good nor bad. It will be what people make of it”[104]. We should not be its victims, but rather its protagonists, acting in the light of reason, guided by charity and truth. Blind opposition would be a mistaken and prejudiced attitude, incapable of recognizing the positive aspects of the process, with the consequent risk of missing the chance to take advantage of its many opportunities for development. The processes of globalization, suitably understood and directed, open up the unprecedented possibility of large-scale redistribution of wealth on a world-wide scale
This fella want to bring is the Kingdom of God to the planet earth...He ain't going to make it...
He could have written this encyclical in one tenth the time and the size...If chock full of redundancies and wasted words...
Sure the concept of helping out the less fortunate is commendable but it is not something new...The US especially has an unsurpassed record of charity thru out the word...When people are forced to give where they don't want to, it is no longer charity...You can't force distribution of wealth and call it charity...Your pope is a little confused on that one...