Pope says free market, 'trickle-down' policies fail society

  • 📰 Reuters
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and 'trickle-down' economic policies had failed to produce the social benefits their proponents claim.

VATICAN CITY - Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.

Called “Fratelli Tutti” , the encyclical’s title prompted criticism for not using inclusive language after it was announced last month. The pope took direct aim at trickle-down economics, the theory favoured by conservatives that tax breaks and other incentives for big business and the wealthy eventually will benefit the rest of society through investment and job creation.

“The right to private property can only be considered a secondary natural right, derived from the principle of the universal destination of created goods,” he said.The pope wrote that the belief of early Christians - “that if one person lacks what is necessary to live with dignity, it is because another person is detaining it” - was still valid.

Without naming countries or people, Francis condemned politicians who “seek popularity by appealing to the basest and most selfish inclinations” or who enact policies of “hatred and fear towards other nations”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

إلى كل الأخوة والأخوات أختكم يتيمة الأب مهجرة بالخارج بسبب مليشيات إيران الطائفية الإرهابية. عملت قناة على اليوتيوب لعلها تكون مصدر رزق لنا وتسد حتى القليل من حاجياتنا اليومية انا وامي واختي واخوي الصغير اطلب من الجميع طلب بسيط جدا ان يشتركوا فيها.

Are you sure he doesn't mean 'Comrades'? I think Pope Francis never studied economics so he doesn't know the difference between capitalism and the cronyism that pretended to be capitalism in South America.

How will this recent work by the Pope, potentially influence Amy Coney Barrett's decision-making process if she becomes a justice of the Supreme Court?

some call them Tutti Frutti

If he’s serious about his Capitalism condemnation...the CC needs to liquidate all assets and give it all to the poor.

Rome was founded by twin boys . . . and a wolf.

Sorelle tutte? E Orion voleva le sorelle tutte per sé, per cui... And Orion wanted the sisters all to himself

Give him a minute and he’ll sing The Inernationale for us.

It’s an encyclical and a dessert! 🍦

All Brothers

Is this a relatively new thing - for the Pope to give geo-economic advice? I thought he was theologist? aronro ?

Who cares abt pope he supports child abusers 🇺🇸

Who gives af what this pedophile thinks.

Thats great advice coming from an Ivory Tower.....I mean church

Hypocrite

Let's be clear that US Republican Catholics are as much 'cafeteria Catholics' as anyone else 🤣 It's just that they emphasize the anti-woman and anti-LGBT parts and ignore the basic morality parts

I'm sure the papacy knew this way before the reformation of the church in 16th century but still went ahead to make millions from the unsuspecting masses!

Pope Marxist ❤️

This is hardly news.. we have known this since the end of the 80’s!! Ronald Reagan’s trickle down economics did not do much trickling...

Not a Pope fan but he is right on about excessive wealth and greed, it is slowly destroying the stability of the economic system. Fools don’t understand and there are a over abundance of greedy fools. Karma see all.

Extremely based.

wtf based?

The Pope needs to stay in his lane.

Really Then share your wealth you SCUM😠

Commie pope!

Stick to what you don’t know

Papa comunista

He has to speak on what he knows: religion.

Yes, we have to change, let's start by dividing the assets of the Catholic Church. Right Pope.

The Pope is a Communist.

Marxists ideas are dangerous

هذوله هم مثل جماعتنه حجا البابا كال البابا دانعل ابو الراتب وين

He's in too? NWO

Pope Francis the Appeaser....Xi Jinping probably told him to say this!

This is the unique way to build wealthy Pope. You need to study more darling.

Pope nails it.

Stick to praying for us.

The Catholic Church is a joke.

We are no longer afraid of what they call God, they cant us it against us. I love and believe in God, I do not believe in the Church. Historically speaking: the church is the oldest and most corrupt organization in the history of mankind.

Trickle down economics work as follows:- Company owner gets 75% Company Director get 15% Shareholders get 10% Customers get 3% Workers get -3%

LotharBirkner Pope states patently obvious fact.

All knowing economics, stick to your religion .

Evangelio de San Juan..... Vicente Perón.

PEDO WORLD ORDER IS MASHING UP EU WHILE MOVING TO JERUSALEM SOON

You’re non support of birth control fails society .

just enough to keep us alive, so we can conduct our slavery duties

LotharBirkner Still waiting for the GOP plan to trickle down?

pope trickatreat funny remember wear a mask need a light see dr carl jung best sussie guard text. The learned dr khunrath no doubt would have been delighted to have the holy ghost as laboratory assistant. jack-o-lantern diminutive of john she god the jack [?] all souls/saints day

Yasssssssss 👏🏽👏🏽👏🏽 Frank has been on a roll the past 2 weeks!

I’d say the Catholic Church can sit this one out..

Isn't this the same guy that says the planet needs it own Sabbath day?!

He is an economist? A wonderful , intelligent man. But.....

what a godly revelation, can't believe the world was so blind to it 😐

LotharBirkner He’s a globalist and part of the problem. Not all of us are fooled:

He also allows priests to Molest children and not face the authorities and be put in jail.

A bit late to the party on that one, your Grace.

Says the guy who was born in a country where the rich get richer and poor gets poorer. A country that can’t even pay its debt and has always been financially irresponsible. He seems to think that socialism is the way

ask yourself WHy the pope says this...is he running for office somewhere? stay in your lane.okay.

Free market with corrupt and greedy capitalists is a perfect storm waiting to happen...

Whenever anyone says hand over all your money and I'll make sure you get some later we should probably reconsider the request

The Pope has become Enlightened? 'Trickle-Down and De-Regulation' put my single Mom budget in a downward tailspin beginning about 1990.

Says a man that holds on to a large storage of gold and wealth. Donated to the church to hell those in need. The hypocrisy never ceases.

教皇想掌管经济? 不得干政吧……好好反省自己的职责是否胜任

I would say it's about time you saw the light, but honestly I'm just glad you made it to this point at all.

Yes, especially when the pandemic hit.

🙏 AMEN

Dear Pope, as you sit on your golden throne, eat meals from personal chefs, sleep in a basic castle with 1000s of guards, stfu! I miss Pope John Paul II- you are a false Pope! falsepope

This miserable human being supports the Cuban and Venezuelan dictatorships. That says it all.

And he would be 💯 correct.

He is a communist, he is waiting for China money to fill his bank ,you must know Pope that Chinese hate religions; religious and destroy their monuments.

Alheri

He also says condoms don't work, and that gays are immoral. Why care what he thinks about economics?

I am Catholic and i want Pope with Catholic Faith, who does not involve in politic.

Yahu ŞUNLARA bakın ümmeti MUHAMMET Özellikle Arap kardeşlerimiz UYANIN ADAMLAR HÜKMÜ BİTMİŞ DİNİNE SAHİP ÇIKIYOR SİZDE MÜSLÜMAN KARDEŞLERİNİZİ ARKADAN HANÇERLEYİN İNGİLİZLE BİRLİK OLUP OSMALIYA YAPTIĞINIZ GİBİ . .... YAZIKLAR OLSUN SİZE İNGİLİZ UŞAKLARI İŞBİRLİKÇİLERİ .

Looks like Socialism is very much alive in the Vatican. That does not surprise me though because he is a Jesuit Priest from Socialist South America!

I am very concerned that he is implying that the bedrock of Republican ethos - that we should lionize the rich and wait for their benevolence to trickle upon us - is not what Jesus would endorse. Like the pope would know what Jesus thought about money? Bologna EatTheRich

Fiddling little kids also fails society.

Then take the churches wealth and redistribute it to the people now!!!!

If only there was a religious symbol from the Bible that should be used as an example...

With all due respect, pope, leave economics to the experts (economists) if you want us to leave the Vatican alone on how to best handle your financial and child abuse scandals.

The pope is a communist loving fool.

Pontifex FreeMarket Capitalism fails socialism. Good. Freedom is always better than a lack of freedom. Many having some is always better than all having nothing.

less populist less capitalist world

He should stick to divinity.

The pope is a communist. Communism is satanic.

Nationalist ethnostate is the only way then.

free market did not fail society. greed did.

Why is the pope commenting on economics and not Chinese-backed genocide

Why does anyone care about what the pope had to say about economic systems

I would take the Pope's opinion on economic policies as seriously as I would take a barber's on nuclear reactor design.

Says the Pope. Who kowtows to CCP China 🇨🇳 With back room deals & brown paper bags full of money.

Oh boy this is going to have the US Catholic Republicans totally bent out of shape, you’re destroying their worldview 🤣 MAGA GOP Republicans

did he make this same argument when the US Catholic Church lobbied for and received $4.5 billion in taxpayers’ money earlier this year?

True. The rich elite get richer, the middle class sometimes expands. The poor stay clobbered.

Ha Ha in your face gop!

Communist and Peronist Pope. disgrace

So do government bano bailouts

They do. He's not lying

i mean why dont we send him to china and he can pontificate there

Catholic Church is not giving a good example of just political order, and id never did, so... Because Catholics don't send to hell people who don't 'share' their creed?

Communist working on behalf of china

So does socialism

As the Vatican has the most valuable, vast art collection in the world ....

Leftist should stick to the Gospel!!

El papa francisco es un terrorista comunista

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pope Francis Says Covid-19 Pandemic Shows Limits to Market EconomicsThe pope’s new 43,000-word encyclical echoes some of the major themes of his social teaching, including the rights of migrants and the poor, with a special urgency inspired by the global health crisis. francisco es un terrorista comunista No, you are on the same boat with the Communism. We are not. Tk Later
Source: WSJ - 🏆 98. / 63 Read more »

Pope Francis Says Covid-19 Pandemic Shows Limits to Market EconomicsThe pope’s new 43,000-word encyclical echoes some of the major themes of his social teaching, including the rights of migrants and the poor, with a special urgency inspired by the global health crisis. francisco es un terrorista comunista No, you are on the same boat with the Communism. We are not. Tk Later
Source: WSJ - 🏆 98. / 63 Read more »