Pope Francis Laments Failures Of Market Capitalism In Blueprint For Post-COVID World

As Francis writes, the pandemic “unexpectedly erupted” and his focus widened, and the document became a treatise on the lessons that must be learned from the global health crisis.

Once the pandemic passes, the pope writes, “our worst response would be to plunge even more deeply into feverish consumerism and new forms of egotistic self-preservation.”

Picking up on some of his favorite themes, Francis says the marketplace cannot resolve every problem, and he denounces what he describes as “this dogma of neoliberal faith” that “resort[s] to the magic theories of ‘spillover’ or ‘trickle.’ “

A good economic policy, he says, creates jobs — it doesn’t eliminate them.

NPR

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