Pope Francis Laments Failures Of Market Capitalism In Blueprint For Post-COVID World

  • 📰 NPR
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

In his blueprint for a post-COVID-19 world, Pope Francis says free-market capitalism can't resolve every problem — and denounces 'this dogma of neo-liberal faith that resorts to the magic theories of spillover or trickle.'

Pope Francis celebrates Mass in the crypt of the Basilica of St. Francis, in Assisi, on Oct. 3, 2020.Pope Francis celebrates Mass in the crypt of the Basilica of St. Francis, in Assisi, on Oct. 3, 2020.Pope Francis has presented his blueprint for a post-COVID-19 world, covering a vast number of issues from fraternity and income inequality to immigration and social injustice.

But, as Francis writes, the pandemic"unexpectedly erupted" and his focus widened and became a treatise on the lessons that must be learned from the global health crisis. "Every brother or sister in need, when abandoned or ignored by the society in which I live, becomes an existential foreigner, even though born in the same country. They may be citizens with full rights, yet they are treated like foreigners in their own country. Racism is a virus that quickly mutates and, instead of disappearing, goes into hiding, and lurks in waiting."

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:

 /  🏆 96. in ZA
 

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

In California, Prop 16 isn't about conservatives vs progressives or Democrats vs Republicans or 'Asians' vs 'Blacks'. It is about the political establishment vs the people. (1/2)

LOL. He won't ordain women. He condemns women's reproductive rights. He tells women birth control is a sin. He won't ordain openly gay men. The pope has nothing to offer the world.

Great. The biggest overreaching government fail of all time and he blames capitalism.

Holy shit, did I just become Catholic?

WAKE UP PEOPLE GreatReset turns the job market into the digital hunger games and allowing big business to use people's behavior data as investments is ok ? globalist GreatReset is worse !

It's funny when the head of an organization that sells belief in an imaginary diety criticizes belief in imaginary free hand of the market. No, Pope Francis, you aren't worried about the well-being of the people. You are worried about a belief system that competes with yours

This is far better.

Pope Che I

jmartinwrites Since when does the Pope have a problem with magic theories?

AlexMLeo Could almost call it voodoo economics...

🙏👍

Too strong a capitalist system can breed greed and isolation. Too strong a socialist system can crush innovation and growth. We need both and for them to be in balance.

Would his eminence prefer communism? Oh wait...

NikkiStix55 The rot right at the top should warn anyone off this church. Deal with God directly, no priest or Pope is necessary, least of all this Leftist.

Francis is political now... and Jesus wasn't..

But... but... but... it's capitalism that's making 'greedy' people work very hard to find a vaccine. Why is that? You know nothing pope. Stick to your expertise (Christianity) and let the ones who know what they're talking about (economists) worry about this topic, mmkay?

Capitalism brought more people out of poverty than all other governmental systems, COMBINED. Just ask Russia & China how much it has helped them.

NikkiStix55 Yeah he just got back from China completely brainwashed!!!!

Maybe the Pope should end his policy of encouraging low IQ, low skill immigration to Western countries. Advanced Western economies have little need of these immigrants who tend to become mired in poverty.

Thou shalt not steal! Thou shalt not covet any thing that is thy neighbor’s.

Says the head of one of the riches states in the world. The Catholic Church alone can solve world hunger if it just would use the resources that the faithful have donated for this end instead of accumulating more wealth... rather hypocritical...

I found God in a popeless place.

Locked on. Let's see if the Pope and Vatican can survive in front of the US propaganda machine. Hold my beer and peanuts are ready.

He should lament the failures of Catholicism and the way they tried to cover up those monster bishops and priests for their sick and twisted child molestation.

While American catholics adore the antithesis of the Pope.

Hey Pope your 1 )

It’s actually funny because the Vatican has an ungodly amount of both gold and real estate

The problem is that there's 90 million working age people in America who don't participate in work and are off the grid yet benefit from those who do work.

My Bible must be broken, it doesn't have any of those verses where Jesus petitions the Romans to raise taxes and distribute the funds among the poor.

He's not wrong. Think of the show Shark Tank. A person with a lot of money pay somebody for their ideas and small bit of progress so that they can have a real shot to continue progressing. Without the money, they'll struggle for longer and a single event could derail them.

When the church pays up for all the world's problem's, he's cool in my book. Until then, he's a taker.

His analysis makes perfect sense when you consider he’s from a Latin American country, and the U.S. has been profiting off of pushing neo-liberalism on Latin America for decades. For once, a Pope I can agree with.

1) Dale, Pancho: contame qué significa 'neo-liberal', por favor. 2) Hablando de teorías mágicas: contame acerca de tu amigo imaginario, el que se manifestó en la Tierra haciendo que una paloma tuviese sexo con una mujer casada.

If Trump created his own IRS income taxes table and paid income taxes for $750 as a billionaire last 3 years, this is NOT CAPITALISM. This is “Shameless Aggression.” Those who support that the $750 income taxes bill are fools.

Says the guy in charge of more $$$$ than anyone else 😂😂😂

maybe he should sell some of the gilding on every inch of his city and redistribute some of that wealth.

Who cares? He's not an economist.

Da pope gets it !!!

False Prophet

mickey94114 As Biden obstructs, Americans die, families go broke Yale study concludes Medicare 4 All would ✅ Save $450 Billion Dollars Year ✅ Save 68,000 Lives Year Biden's healthcare charade 'how are we going to pay for it' Biden's PAC funded by HC lobbyists

We certainly know how socialism fails in the world.

Liberté, Égalité, Fraternité, ou la Mort

Maitreya, the World Teacher, will help humanity to understand: 'The whole process of evolution is moving towards oneness, fusion, synthesis. Market forces, which are based on division, separation and competition, act against the evolutionary process.'

Great. Now pay some taxes.

A U$ 2 Billion dollars JUDAS 2020 Secret Pact with Xina Sold Catholics 💰

Is that what God told him?

Says he, with $8 Billion in the bank. Spillover and Non Trickle sure works for your Church.

He must love communist

Mr President You FIGHT the right for All Americans to have Heath Coverage, YET YOUR LIFE is being saved by “SOCIALIST” Healthcare! While as of TODAY 214,280 Mothers, Fathers and Children have DIED from your INCOMPETENCE & mismanagement of our Federal Government’s CRISIS Response!

Perhaps the Vatican examples of hoarded wealth and property is a better economic model.

Seems like he's lowered his lance, got up to a full gallop, and charged right at a windmill - no country practices free-market capitalism in the way he seems to assume, and almost no serous economist advocates dogmas and magic theories. But, ahem, he kind of does!

what the fuck did the pope just say fuck reaganomics? fucking based

It is an opportunity to shift to true compassion.

I wish he’d take the time and denounce the abuse of children at his priests hands. Or put a policy in place that reports these priests to the proper authorities instead of moving them around to abuse even more children. I feel like maybe that’s a good start.

This Pope's Socialistic roots are coming out. I'm Catholic but He is not an economic system expert nor historical one. He should stick to theology. Pope John Paul would see through this rhetoric.

Try this, graduate high school don’t have a kid ( as a minimum) and expect a better outcome. If not expect to be on the welfare for most of your life.

What the Pope calls spillover and trickle are not magic theories. They are real. Compare how the poor live in the US versus their condition in authoritarian socialist countries. Our poor have cell phones, homes, cars, computers, DVD players, and Play Stations.

I cant believe that statement i might change to be Orthodox

I hope ACB is listening closely..

Let's keep the church separate from govts.

Lol woke pope. Also, all of the higher-ups beneath him are super conservative—this goes for the Vatican bureaucrats and especially the American hierarchy (Bishop of NY spoke at GOP convention)—so this is basically lip service.

More leftist coverage from More irrelevance from the current pope.

feel free to model this message by returning the $1.5 billion in US taxpayer money your church lobbied for and got earlier this year

That's what I call a clap back. Sorry Pompeo

So in other words the Pope is saying that we should practice Buddhism?

You mean socialism? This is one of the worst popes in history.

Subsidies for corporations are the winners. All of us in the 99% are the losers. Papa is correct. The level of cruelty in the system continues to grow.

South Africa South Africa Latest News, South Africa South Africa 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 says free market, 'trickle-down' policies fail societyPope 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. El papa francisco es un terrorista comunista 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
Source: Reuters - 🏆 2. / 97 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 »

European stock picks to buy, avoid in COVID recovery: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If they're sharing this with you now, the time to buy has already passed. Now they're luring in the dumb money. MS is the perfect reverse barometer, whatever they say the opposite must be true.
Source: BusinessInsider - 🏆 729. / 51 Read more »