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

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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 bene

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.

In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the "Admonitions", or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed. "There were those who would have had us believe that freedom of the market was sufficient to keep everything secure ," he wrote.

"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.

 

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Mawalang galang na po, Papa, pero hindi niyo po alam ang sinasabi ninyo. Pabayaan niyo po ang usaping pang-ekonomiya sa mga eksperto (economists), at papabayaan din po namin ang usapin ng pagsugpo ng korapsyon sa Vatican at mga child abuse cover-ups ng organisasyon ninyo.

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