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Old 11-26-2013, 06:44 PM
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finnbow finnbow is offline
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The Pope on Conservative Economic Principles

Pope Francis on Tuesday sharply criticized growing economic inequality and unfettered markets in a lengthy paper ...

Using sharply worded phrases, Francis decried an “idolatry of money” and warned it would lead to “a new tyranny.” And he invoked language with particular resonance in the United States, attacking an economic theory that discourages taxation and regulation and which most affiliate with conservatives.

“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,” Francis wrote in the papal statement. “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 sacralized workings of the prevailing economic system.”

“Meanwhile,” he added, “the excluded are still waiting.”


http://www.washingtonpost.com/busine...0a9_story.html
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