Tuesday, November 26, 2013

Pope Francis Denounces Trickle Down Economics: A Passage from Evangelii Gaudium, an Apostolic Exhortation

Pope Francis' Coat of Arms

"In this context, 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. Meanwhile, the excluded are still waiting."

---Pope Francis, Evangelii Gaudium   

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