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Pope Criticizes Trickle Down Economics and Market Idolatry

Discussion in 'BBS Hangout: Debate & Discussion' started by glynch, Nov 26, 2013.

  1. glynch

    glynch Contributing Member

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    This can be very significant as it could potentially affect the coalition between the Christian Right which essentially supports trickle down economic outcomes and the Catholic Church. In addition the Pope has criticized a type of Christianity that overly emphasizes concern with abortion, homosexuality and other sexual issues as the main focus of Catholics in politics.

    Needless to say Catholics like GOP favorite Vince Ryan who worships the market yet claims to be a Catholic are exposed.
    ********
    Pope Francis has released a sharply worded take on capitalism and the world's treatment of its poor, criticizing "trickle-down" economic policies in no uncertain terms.
    In the first lengthy writing of his papacy — also known as an "apostolic exhortation" — Francis says such economic theories naively rely on the goodness of those in charge and create a "tyranny" of the markets.
    "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," the pope wrote. "This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting."

    http://www.washingtonpost.com/blogs...ope-francis-denounces-trickle-down-economics/
     
  2. underoverup

    underoverup Member

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    Did you notice the top thread in the forum when you posted this? :confused:
     
    1 person likes this.
  3. DwightHoward13

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    Ill-informed and dripping with false suppositions and claims
     
  4. Phillyrocket

    Phillyrocket Member

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    That might be the most succinct summary of trickle down theory I have ever read.

    Well done.
     
  5. AroundTheWorld

    Supporting Member

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    Seriously...
     
  6. glynch

    glynch Contributing Member

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    No. Feel free to merge

    I will repost in the other thread
     

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