NEW YORK (RNS) The Rev. Martin Schlag, an Austrian-born priest who teaches economics in Rome, reassured a group of Catholics, many from the world of business and finance, that Francis’ views on capitalism aren’t actually as bad as he feared.
Articles tagged “capitalism”
(RNS) Many Catholics — and some would say Pope Francis — say the kind of libertarian free-market capitalism pushed by the billionaire Koch brothers runs against Catholic teaching.
VATICAN CITY (RNS) “By positing a link between capitalism and war, (Pope Francis) seems to be taking an ultra-radical line: one that consciously or unconsciously follows Vladimir Lenin in his diagnosis of capitalism and imperialism as the main reason why world war broke out a century ago,” the financial magazine says.
(RNS) In a free market, compensation would be tied to results, not to accumulated wealth. Instead, we see no linkage to results; it’s just insiders taking what they can. It’s a polite form of thuggery.
(RNS) Some of the brightest pro-business minds in the nation prodded the Dalai Lama to offer a warm endorsement of capitalism. They came up short.
(RNS) Pope Francis, who made headlines in recent weeks by lambasting ‘trickle down” economic theories as unfair to the poor, is shrugging off criticism from political conservatives who dubbed him a Marxist.
ROME (RNS) “How can we continue to stand by when food is thrown away while people are starving?” Pope Francis asked. “Today, everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless.”