Home
/
RELIGION & LIBERTY ONLINE
/
What Should a Pope Say About Capitalism?
What Should a Pope Say About Capitalism?
Jul 8, 2026 7:30 AM

Pope Francis’ ments about economics has raised concerns among conservatives and libertarians. But at National Review, James Pethokoukis says free marketeers shouldn’t take the critique so personally:

If you are a free marketeer offended by Pope Francis’s Evangelii Gaudium (“The Joy of the Gospel”) — in which he critiqued “deified” market capitalism and attacked e inequality — ask yourself: What should the leader of the worldwide Catholic Church say about economics in 2013? Should he take a victory lap over free enterprise’s defeat of Communism as if it were 1993?

[. . .]

Certainly now is not a time for “end of history” triumphalism that fails to recognize every human construct is imperfect and generates tradeoffs. We live in a fallen world. Such understanding is actually crucial to conservatism. Leave utopianism through “smarter policy” to the Left. Pro-market advocates need to consider that faster GDP growth may be necessary but not sufficient, that a rising tide may not lift all boats if accelerating automation means a vast swath of workers face unemployment or stagnant wages, as some economists on the left and right warn.

Read more . . .

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
Acton Commentary: Flexible wages are one path to a more humane market
In an increasingly polarized political environment, where purity of intention substitutes for successful results, some mentators have gone so far as to say that questioning the efficacy of raising the minimum wage to $15 a hour mocks God Himself. But this week’s Acton Commentary notes that those faithful to Catholic social teaching should accept wage flexibility, which reduces unemployment. In “Flexible wages are one path to a more humane market,” Michael Szpindor Watson, an assistant professor of economics at Belmont...
Churches face ‘transfer of ownership’ by socialist government: Bishop
A new chapter of the state’s oppression of religion in the Balkans began last December, when the socialist government of Montenegro passed a law allowing the government to strip a longstanding, recognized church of its property and potentially transfer it to another sect under more amenable leadership. In the wee hours of the morning shortly after Christmas, politicians in Montenegro passed the Law on Religious Freedom. The Balkans have known no shortage of religious repression – collectively under Communism, and...
An interview about Michael Novak and his vision of the market economy
February 2020 marks the third anniversary of the death of the American Catholic intellectual and the 1994 winner of the Templeton Prize in Religion, Michael Novak. Perhaps most famous for his 1982 book, “The Spirit of Democratic Capitalism,” Novak’s ideas were immensely influential for several decades in American public life, numerous munities and the world of political economy. On February 19, I was interviewed about Novak’s life and work by someone who I consider to be among the best and...
What Joaquin Phoenix got right at the Oscars
Joaquin Phoenix has been rightly lambasted for his acceptance speech at the 2020 Academy Awards, in which he lent the weight of his celebrity to stamping out the grave evil of domesticating cattle. However, Phoenix made a vital, if less noticed, point that deserves our appreciation. It’s worth noting at the outset that this is not to say that the condemnation of Phoenix, who accepted an Oscar for his leading role in Joker, came undeserved. After rehearsing the usual bromides,...
Acton Line podcast: Yuval Levin on why trust in institutions is declining
It’s not news that America’s trust in public institutions is falling. Gallup polls reveal that confidence in the church is at an all time low, and similarly, Pew Research has found that Americans’ trust in the federal government and in each other is “shrinking.” In his new book, titled “A Time to Build: From Family and Community to Congress and the Campus, How mitting to Our Institutions Can Revive the American Dream,” Yuval Levin argues that the widespread lack of...
Bloomberg doesn’t know what ‘giving’ means
Last night, Las Vegas hosted the fight of the century (and, no, I’m not talking about Wilder vs. Fury). If Sen. Amy Klobuchar (D-MN) referred to Congress as “the Arena,” then the debate stage was the Thunderdome. Except instead of only one fighter emerging in the end, only one fighter was clearly eliminated: former New York City Mayor Michael Bloomberg (D R I D). Ordinarily, after enduring yet another political debate, I tell people they didn’t really miss anything. Not...
Acton Commentary: Michael Bloomberg’s fatal conceit
The media have written Michael Bloomberg’s political obituary since his performance in the NBC Democratic debate on Wednesday night, but he has experienced a series of damaging leaks since he entered the presidential race. Many of these were self-inflicted wounds that reveal his concerning approach to work. One of these formed the basis of this week’s Acton Commentary, “Michael Bloomberg’s fatal conceit.” Video has surfaced showing Bloomberg saying that farming took less “gray matter” than work in the modern information...
Fast facts: President Trump’s proposed budget for FY2021
On Monday, President Donald Trump released his proposed budget for fiscal year 2021. The proposal touches on every area of economic activity, from taxes to spending, to regulation and the value of work. While the budget is a e step toward reduced spending, lower regulation, and a growth-oriented dynamic economy, bolder reforms are needed to establish fiscal solvency and restore the government to its constitutional prerogatives. Here are the facts you need to know. Total spending and the national deficit:...
A concise natural law reading list
One of the occupational hazards of being a librarian is that people are always asking you for book mendations. The truth is that mending books is more difficult than it seems. mendations are as much about the reader as the books themselves. Even the best book on a given subject is useless to the wrong reader. The first and best filter for mendations is reader interest. Even the most voracious mitted readers struggle to finish great works which simply bore...
Argentina is spiraling into economic chaos
It’s hardly news to say that Argentina is in deep economic trouble. With only a few exceptions, that has been a given for decades. But recent developments underscore just how much it is the responsibility of Argentine populist politicians and, to be blunt, those who persist in voting for them. This dynamic was recently well-summarized by Fergus Hodgson writing in the Epoch Times. He begins by outlining the dire economic challenges facing the country: Argentina enters 2020 with $332 billion...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved