“The REAL quote, IN CONTEXT, promotes FREE-MARKET solutions and INDIVIDUAL CHOICES as to how to invest in a more Christian light”
Not really.
“Investments of this sort are meant to have positive social repercussions on local communities, such as the creation of jobs, access to energy, training and increased agricultural productivity. The financial return for investors tends to be more moderate than in other types of investment.”
That in turn means they will LOSE in a free market.
“Christians are called to rediscover, experience and proclaim to all this precious and primordial unity between profit and solidarity.”
I don’t know what that means, and I doubt Francis does either.
“It is increasingly intolerable that financial markets are shaping the destiny of peoples rather than serving their needs, or that the few derive immense wealth from financial speculation while the many are deeply burdened by the consequences.”
In a free market, people make great wealth by doing a very good job of providing people with what they want at a price they are willing to pay. That is the reward for doing something admirable, not something despicable.
“It is urgent that governments throughout the world commit themselves to developing an international framework capable of promoting a market of high impact investments...”
Please explain in what sense government regulation, across borders, constitutes “FREE-MARKET solutions and INDIVIDUAL CHOICES”.
>> That in turn means they will LOSE in a free market. <<
I wouldn’t want you as an investment advisor. There are roles for safe but moderate as well as for high-yield, but high-risk. And therein is one pro-free-market reform: bailouts of high-risk investments encourage more high-risk investments.
>> In a free market, people make great wealth by doing a very good job of providing people with what they want at a price they are willing to pay. <<
Speculators are not producers. As explained in other posts, some form of speculators may provide important services. Other forms of speculation destroy product.
>> Please explain in what sense government regulation, across borders, constitutes “FREE-MARKET solutions and INDIVIDUAL CHOICES”. <<
Where do you see the word, “regulation” in anything the Pope wrote? A lot of 3rd-world nations have comparably small geographic areas and subsequently non-diversified economies. Thus, international trade is provides even essential foodstuffs. Any basis of trade, thereofore, is inherently international. I don’t doubt, however, that the pope may also be looking to the IMF, World Bank, and international banks.