The pope's strong condemnation of income inequality and free markets shows how much has changed in the Catholic Church since the Cold War.The Atlantic / Nov 26 2013, 3:31 PM ET
shaking things up in the Catholic Church. On Tuesday, he issued his first “apostolic exhortation,” declaring a new enemy for the Catholic Church: modern capitalism. “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. “This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”
He couldn't be much clearer. The pope has taken a firm political stance against right-leaning, pro-free market economic policies, and his condemnation appears to be largely pointed at Europe and the United States. His explicit reference to “trickle-down” economic policies—the hallmark of Ronald Reagan, Margaret Thatcher, and their political successors—is just the beginning: Throughout 224 pages on the future of the Church, he condemns income inequality, “the culture of prosperity,” and “a financial system which rules rather than serves.”
Taken in the context of the last half-century of Roman Catholicism, this is a radical move.
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