Home
/
RELIGION & LIBERTY ONLINE
/
An Economics Ode to Joy
An Economics Ode to Joy
Jul 2, 2025 6:50 AM

In the weeks since the June 18 release of Laudato Si, the discussion has bifurcated into the realms of prosaic, progressive pantheistic pronouncements that Earth requires tender ministrations post haste on one hand. On the other hand, there are those who assert the encyclical gets it right on the value of protecting human life but miserably wrong when Pope Francis identifies free-market economics as greed’s handmaiden intent on destroying the planet for a quick buck.

Never mind whether you ascribe to theories declaring human activity is causing catastrophic climate change or remain skeptical, your writer is joined by many who stress His Holiness is mistaken on economic matters. I and others such as National Review recognize progressives conveniently ignore whole portions of Laudato Si on human life grounded in Roman Catholic doctrine while embracing Pope Francis’ speculation that pursuit of wealth is akin to the “dung of the devil.”

There is an undeniable majesty to the papacy, one that is politically useful to the Left from time to time. The same Western liberals who abominate the Catholic Church as an atavistic relic of superstitious times and regard its teachings on sexuality as inhumane are celebrating Pope Francis’s global warming encyclical, Laudato Si, as a moral mandate for their cause. So much for that seamless garment.

Pope Francis’ “characteristic line of thought,” writes National Review in its July 20 issue:

[C]ombines an admirable and proper concern for the condition of the world’s poor with a crude and backward understanding of economics and politics both. Any number of straw men go up in flames in this rhetorical auto-da-fe, as the pope frames his concern in tendentious economic terms: “By itself, the market cannot guarantee integral human development and social inclusion.” We are familiar with no free-market thinker, even the most extreme, who believes that “by itself, the market can guarantee integral human development.”

There are any number of players in social life – the family, civil society, the large and durable institution of which the pope is the chief executive – that contribute to human flourishing. The pope is here taking a side in a conflict that, so far as we can tell, does not exist.

Summing up, the editors take issue with Laudato Si’s “neo-Malthusian” message in which Pope Francis “laments ‘technocracy’ and consumption that seems to him ‘extreme.’”

This latter objection strikes us as particularly objectionable: The economic progress of the late 20th century and early 21st century – which is to say, the advance of capitalism – particularly in the areas of agriculture, medicine, and energy, has not so much enabled consumption that is excessive in the rich world as adequate in places such as India and China, where famine, once thought to be a permanent and ordinary part of life, has largely disappeared. This e was made possible not by the political oversight of economic activity that the pope contemplates but by its partial abandonment.

The pope’s stridently anti-development vision would be the opposite of a blessing for the world’s poor. Laudato? No.

To which I can only add, quoting the Beatles, it’s getting better all the time. That song’s once-abusive protagonist makes incremental changes to improve his lot. Similarly, humanity has innovated and prospered to the benefit of a large swath of the Earth’s population. Prior to release of his most recent book, The Conservative Heart, American Enterprise Institute President Arthur Brooks spoke with the Wall Street Journal’s William McGurn last weekend:

When he was a child, Mr. Brooks notes, one of four people lived on less than a dollar a day. Today, though we still have far to go, the advance of trade and a globalized economy has shrunk that figure to one of 20.

The liberation of hundreds of millions from desperate poverty ranks among the greatest success stories in history. But it’s a story that remains largely untold and mostly unheralded. In his new book, The Conservative Heart, Mr. Brooks puts it this way: “Capitalism has saved a couple of billion people and we have treated this miracle like a state secret.”

AEI aims to change that. “We should be shouting it from the rooftops,” he says. “If Beethoven were alive today, he would dedicate the “Ode to Joy” to this miracle. In the very first verse of that poem – which inspired Beethoven’s Ninth Symphony – we hear, ‘Beggars e Princes’ brothers!’ If this is so, it is because of free enterprise.

Critics of free markets, says Brooks, “are limited by materialistic assumptions about wealth and its production.” Does this sound like any recent Vatican resident to readers?

Capitalism, [Brooks] insists, succeeds not because it is based on greed, but because the freedom to trade and do business with others is in harmony with our God-given nature. So he has no patience for those who fear the moral argument.

“We need to know Adam Smith who wrote The Theory of Moral Sentiments as well we do the Adam Smith who wrote The Wealth of Nations,” he says. “Because when you do, you begin to understand we are hardwired for freedom by the same Creator who gave us our inalienable rights.”

Mull that over for a few minutes while you enjoy listening to the glory of Beethoven and the delight of the Beatles. Both capture what the poet William Wordsworth indicated when he wrote the immortal lines in The Prelude: “Bliss was it in that dawn to be alive,/But to be young was very Heaven!” while remembering The Who’s adage: “You can dance while your knowledge is growing.” Why must Pope Francis be so pessimistic when all the empirical facts refute the economic claims he makes in Laudato Si?

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
How to be a socially responsible investor
From : “Socially responsible investing is when you take your beliefs and values and apply them to how you invest your money. This is also known as having a ‘double bottom line,’ because not only are you looking for a profitable investment, but also one that meets certain moral criteria and that lets you sleep well at night. Your second bottom line could be moral, religious, or based on whatever Chicken Soup for the Soul principles help guide you through...
France urges actions against Iran
France’s foreign minister, Philippe Douste-Blazy, said that Iran’s move to resume its nuclear activities could spark a “major international crisis,” increasing the pressure on Tehran to return to the negotiating table or risk facing sanctions. France is urging European negotiators to propose a meeting of the International Atomic Energy Agency’s council of governors. “If the Iranians still do not accept what the council of governors propose, then the munity must turn to the Security Council” and “we will see what...
Culture of litigation infects the Church
The current issue of Christianity Today magazine examines the lack of discipline in evangelical churches, and is presenting the themed articles in a series on its website. The litigious nature of American culture has e one of the great contributing factors to the decline of church discipline. A brief article by Ken Sande, an attorney who serves as president of Peacemaker Ministries, testifies to this reality. In “Keeping the Lawyers at Bay,” Sande writes that one way bat the tendency...
Oil prices: Up, up, and away
Crude oil prices have reach a record high $62 per barrel. Combined with Time Warner’s worse-than-expected recent earnings stocks dropped today as investors waited uneasily for the government’s latest petroleum inventory report. A barrel of light crude was quoted at $62.40, up 51 cents, on the New York Mercantile Exchange. Gasoline rose more than a cent to $1.7945 a gallon while heating oil gained a cent to $1.7350 a gallon. As American refineries operate at nearly 100% capacity, prices at...
Al Gore launches network
Al Gore’s new Current TV network seeks to be “the television home page for the Internet generation,” the former vice-president said. With its debut today, Current TV seeks to be a more hip and cutting-edge form of presenting the news. “I think the reality of the network will speak for itself,” Gore told reporters. “It’s not intended to be partisan in any way and not intended to be ideological.” Sure thing Mr. Gore. Of course a network you are debuting...
Faith and works
The issue of the federal regulation of non-profit groups, including churches, has meshed with a number of other questions, including allegations of government discrimination against faith-based groups. Charles Colson, founder of Prison Fellowship Ministries, writes of an attack on funding for faith-based initiatives in the New York Times as “typical of what’s been happening in the press and in Congress. Year after year, a Senate minority blocks votes on faith-based legislation. They demand that ministries not ‘discriminate’ by hiring only...
Dead man’s hand
On this date in 1876, Wild Bill Hickok was killed, shot dead from behind by Jack McCall while playing poker. He held a pair of aces & a pair of 8s, forever giving bination the nickname “Dead Man’s Hand.” Poker e a long way since then, ing a global multi-million dollar industry. There’s a good discussion over at World Magazine Blog, asking where parents should “draw the line,” given the rising popularity of poker among youth. This story from CBS’s...
Fruitful math
Here’s a view of procreation that doesn’t line up with the UN-sponsored “World Population Day”. In the midst of a discussion about a Jewish tradition mandating that each couple has at least one male and one female child, Bryan Caplan at EconLog writes, I’m on the record in favor of having more kids. I believe that, in most cases, both individuals and society would be better off if families had three or four. A lot of people have small families...
Antiochian orthodox to quit NCC
The terminal politicization of the National Council of Churches has led a major Orthodox jurisdiction to throw in the towel. The Antiochian Orthodox Church, meeting for its bi-annual convention in Dearborn, Mich., has “voted overwhelmingly” to leave the ecumenical body led by Rev. Bob Edgar, a former Democrat congressman. The news has been posted on Touchstone Magazine’s Mere Comments blog, and was phoned in by a correspondent for Ancient Faith Radio who was on the scene in Dearborn. Metropolitan Philip...
Exchange on globalization and labor
From last week’s McLaughlin Group (July 30), an exchange between Pat Buchanan and Mort Zuckerman on the AFL-CIO split: MR. BUCHANAN: There’s no doubt it is a blow to the Democrats. And what Eleanor said is very important earlier. The future of the labor movement is in service workers and it’s government workers, John, because the industrial unions are dying. We are exporting all of their jobs overseas, whether it’s textile or steel or (atomic?) workers or auto workers. All...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved