One thought on “The politicization of Pope Francis’ apostolic exhortation

  1. Daniel

    Pope Francis is not referring to the Latin American economies of the 1970s and 80s but rather the globalized economy of the twenty-first century, which is characterized, in part, by the pursuit of cheap labor irrespective of its social effects, witness Bangladesh. The separation of finance from productive labor—i.e. the elevation of Wall Street financiers over blue/white-collar Americans, such as teachers, office and factory workers, and service-industry employees—is another characteristic of the economy Francis is criticizing. Lest we think he is advocating for an Occupy Wallstreet/Liberation Theology solution, Francis writes that he is “far from proposing an irresponsible populism.” He’s offering a middle way between Rand and Marx. The following is an excerpt:

    204. We can no longer trust in the unseen forces and the invisible hand of the market. Growth in justice requires more than economic growth, while presupposing such growth: it requires decisions, programmes, mechanisms and processes specifically geared to a better distribution of income, the creation of sources of employment and an integral promotion of the poor which goes beyond a simple welfare mentality. I am far from proposing an irresponsible populism, but the economy can no longer turn to remedies that are a new poison, such as attempting to increase profits by reducing the work force and thereby adding to the ranks of the excluded.”

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