Pope Francis is describing an economic environment that has existed for as long as the history of mankind. This exploitation of the poor and the weak by the rich and the powerful has been the source of revolutions and crusades for as long as man has lived in societies. And long before capitalism was introduced by Adam Smith and his ilk.
But the Pope seems to have singled out the free market economy as the primary culprit for today’s economic ills. Here is what he says:
“In this context, 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. 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 sacralised workings of the prevailing economic system. Meanwhile, the excluded are still waiting. To sustain a lifestyle which excludes others, or to sustain enthusiasm for that selfish ideal, a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion, at the outcry of the poor, weeping for other people’s pain, and feeling a need to help them, as though all this were someone else’s responsibility and not our own.
The culture of prosperity deadens us; we are thrilled if the market offers us something new to purchase. In the meantime all those lives stunted for lack of opportunity seem a mere spectacle, they fail to move us.â€
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