“How can it be that it is not a news item when an elderly homeless person dies of exposure but it is news when the stock market loses two points?” -- Pope Francis
Pope Francis Calls Unfettered Capitalism ‘Tyranny’
November 26, 2013
Pope Francis attends an audience with healthcare workers, in the Pope Paul VI hall, at the Vatican, Saturday, Nov. 23, 2013. (AP Photo/Andrew Medichini)
Earlier this month, Laurie Goodstein reported for The New York Times that Pope Francis’ softer rhetoric on hot-button social issues like abortion and same-sex marriage were causing conservative Catholics no small amount of chagrin.
It looks like they can expect more cognitive dissonance, according to this report in The Guardian…
Meanwhile, Dominic Barton, the Managing Director of McKinsey & Co., writes in today’s Wall Street Journal: ”In 2012, the top 1% of earners in the US collected 19.3% of the country’s total household income–an all-time high… The disparity is growing rapidly as well. Incomes of the top 1% grew by 31.4% from 2009 to 2012, compared to just 0.4% for the remaining 99%.”
It looks like they can expect more cognitive dissonance, according to this report in The Guardian…
Pope Francis has attacked unfettered capitalism as “a new tyranny”, urging global leaders to fight poverty and growing inequality in the first major work he has authored alone as pontiff.In a sense, the new pope is just grappling with the reality he faces. Polls show that American Catholics, at least, agree with the pontiff’s position that the church focuses too much on social issues. And Francis recently commissioned a survey of Catholics around the world to see where they fall on these questions.
The 84-page document, known as an apostolic exhortation, amounted to an official platform for his papacy, building on views he has aired in sermons and remarks since he became the first non-European pontiff in 1,300 years in March.
In it, Francis went further than previous comments criticizing the global economic system, attacking the “idolatry of money” and beseeching politicians to guarantee all citizens “dignified work, education and healthcare”.
He also called on rich people to share their wealth. “Just as the commandment ‘Thou shalt not kill’ sets a clear limit in order to safeguard the value of human life, today we also have to say ‘thou shalt not’ to an economy of exclusion and inequality. Such an economy kills,” Francis wrote in the document issued on Tuesday.
“How can it be that it is not a news item when an elderly homeless person dies of exposure but it is news when the stock market loses two points?”
Meanwhile, Dominic Barton, the Managing Director of McKinsey & Co., writes in today’s Wall Street Journal: ”In 2012, the top 1% of earners in the US collected 19.3% of the country’s total household income–an all-time high… The disparity is growing rapidly as well. Incomes of the top 1% grew by 31.4% from 2009 to 2012, compared to just 0.4% for the remaining 99%.”
Joshua Holland is a senior digital producer for BillMoyers.com. He’s the author of The Fifteen Biggest Lies About the Economy (and Everything Else the Right Doesn’t Want You to Know about Taxes, Jobs and Corporate America) (Wiley: 2010), and host of Politics and Reality Radio. Follow him on Twitter or drop him an email at hollandj [at] moyersmedia [dot] com.
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