He launches “a salvo against global capitalism,” recommending we Catholics say “‘thou shalt not’ to an economy of exclusion and inequality.”
Our current economic system is “unjust at its roots,” in that it “defend(s) the absolute autonomy of the marketplace and financial speculation.” Such a system, he warned, is creating a “new tyranny,” which “unilaterally and relentlessly imposes its own laws and rules.”
Hes looking more to market than state as worriesome thing, says a theology teacher:
“Benedict seemed to aim his critique at state and market alike, whereas Francis seems to move the ball considerably in the direction of the idea that the market has far more powerthe power to do good for humanity as well as to dehumanizethan the state,” said Chad Pecknold, assistant professor of theology at the Catholic University of America in Washington.
Nothing he said as quoted in news accounts demonstrates any worry about overreaching government. Dorothy Day, of Catholic Worker fame, a onetime Communist with anarchist leanings, spoke mockingly of “holy mother the state.” Maybe Francis, who has shown an affinity with her, might lean more in that direction.
He has an opinion about market effect which constitutes papal overreach shockingly:
. . . some people continue to defend trickle_down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.
This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.
Spoken with authority embarrassingly so.