francis redistribution

In November Pope Francis blasted unfettered capitalism and trick-down economics.

On Friday, Pope Francis called for global redistribution of wealth.
The AP reported:

Pope Francis called Friday for governments to redistribute wealth to the poor in a new spirit of generosity to help curb the “economy of exclusion” that is taking hold today.

Francis made the appeal during a speech to U.N. Secretary-General Ban Ki-moon and the heads of major U.N. agencies who met in Rome this week.

Latin America’s first pope has frequently lashed out at the injustices of capitalism and the global economic system that excludes so much of humanity, though his predecessors have voiced similar concerns.

On Friday, Francis called for the United Nations to promote a “worldwide ethical mobilization” of solidarity with the poor in a new spirit of generosity.

He said a more equal form of economic progress can be had through “the legitimate redistribution of economic benefits by the state, as well as indispensable cooperation between the private sector and civil society.”

Francis voiced a similar message to the World Economic Forum in January and in his apostolic exhortation “The Joy of the Gospel.” That document, which denounced trickle-down economic theories as unproven and naive, provoked accusations in the U.S. that he was a Marxist.

Francis urged the U.N. to promote development goals that attack the root causes of poverty and hunger, protect the environment and ensure dignified labor for all.

 

 

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