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Tuesday, November 11, 2014

Pope Francis Faults The Invisible Hand Of The Market













Pope Francis: “A savage capitalism has taught the logic of profit at any cost, of giving in order to get, of exploitation without thinking of people… and we see the results in the crisis we are experiencing.”6

Previous Catholic teaching on capitalism: "[The Church] has likewise refused to accept, in the practice of “capitalism,” individualism and the absolute primacy of the law of the marketplace over human labor. Regulating the economy … solely by the law of the marketplace fails social justice, for “there are many human needs which cannot be satisfied by the market.” Caritas in Veritate by Pope Benedict XVI



















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