The two major criticisms concerning the perceived economic thought of the current pope are these: 1) that he does not understand how normal capitalism functions with its relation to the poor, and 2) that he habitually relies on the state for solutions, when the modern state is usually a major part of the problem. In a homily in the Chapel of Santa Marta (November 5), however, Pope Francis talked of state officials who lose their dignity by taking bribes. On November 11, the Pope spoke of the man who “puts one hand in his pocket that helps the Church, while, with the other hand, he robs the State and the poor.” No doubt, political and bureaucratic corruption in the form of bribes and favoritism is a major cause of poverty and injustices in the world today, not just for the poor. Few say so as bluntly as Pope Francis.
The Pope has spoken of “unbridled capitalism,” which seems strange. Capitalism today is almost totally bridled by extensive state control. We do have a global flow of capital seeking a place to invest. This financial power can be misused and too often is. But it is also one of the great generators of economic growth. “Unbridled capitalism,” if it exists, is much less a problem than the state-controlled capitalism when it comes to impediments for increasing wealth and labor possibilities for the poor. Moreover, as The Economist (June 1) wrote, the world in fact has recently made enormous strides in the world-wide alleviation of poverty, due mostly to capitalism and its imitators. I have not seen any mention of this fact in any of the Pope’s discussion of remaining world poverty. Both political corruption and government controls are more harmful to the poor than so-called “unbridled capitalism.” This fact also needs to be stated.
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