Has “il Papa” Been Hanging Out On My Blog?

November 26th, 2013 at 6:43 pm

Here’s Pope Francis, from today’s WaPo, holding forth on economic policy:

“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,” Francis wrote in the papal statement. “This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”

“Meanwhile,” he added, “the excluded are still waiting.”

For years I and many others have documented how  trickle-down is unsubstantiated bunk that exacerbates inequality, leaving the “excluded” behind.  And yet such arguments still dominate in DC tax policy debates: cut taxes on the wealthy and the benefits will lift the poor!  It’s the touchstone of the Ryan budget and has been the platform for every Republican presidential candidate since at least Reagan.

I have no idea what kind of impact such truth-to-power writings from this very wise Pope will have.  But I’m awfully interested in finding out.

Print Friendly, PDF & Email

2 comments in reply to "Has “il Papa” Been Hanging Out On My Blog?"

  1. readerOfTeaLeaves says:

    The distance from Dr. B’s blog to the Diety’s ears seems to be shortening of late.

    IIRC, Ryan and Boehner grew up Catholic.
    Whether or not the House GOP membership does a little more reading at the Vatican website, Il Papa’s message is going to get a wide hearing.

    I don’t know whether what the Pope is saying is ‘gospel’, but it is certainly ‘good news’.

  2. purple says:

    There is no free market, in terms of its popular definition, when 90% of assets are controlled by 10% of the population.

    The markets in this situation cater to the needs of the rich, because that’s where the money is. It’s frankly as undemocratic a system as one can devise.

    And by its design one that can only grow more skewed without government redistribution. Yes, redistribution.