The Pope is Not a Political Economist
Reader comment on: Pope Francis Versus Free Markets
Submitted by Eugene Patrick Devany (United States), Nov 26, 2013 22:44
The pope mentioned corruption in some countries but the article decided not to print it:
Some simply content themselves with blaming the poor and the poorer countries themselves for their troubles; indulging in unwarranted generalizations, ... this becomes even more exasperating for the marginalized in the light of the widespread and deeply rooted corruption found in many countries – in their governments, businesses and institutions – whatever the political ideology of their leaders.
The pope did not mention that U.S. capatilism confines all growth in net wealth to the top 10%. Half the country lost 70% of their net wealth in the last 20 years.
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