Unbridled capitalism is the 'dung of the devil'

[Cliffy]

Unbridled capitalism is the 'dung of the devil', says Pope Francis

The pontiff condemns the impoverishment of developing countries by the world economic order and apologised for the church’s treatment of native Americans

Pope Francis makes his speech in Santa Cruz, Bolivia, where he called for the poor to have the “sacred rights” of labor, lodging and land. Photograph: Alessandro Bianchi/Reuters Reuters
Friday 10 July 2015 02.49 BST Last modified on Friday 10 July 2015 04.10 BST



Pope Francis has urged the downtrodden to change the world economic order, denouncing a “new colonialism” by agencies that impose austerity programs and calling for the poor to have the “sacred rights” of labor, lodging and land.
In one of the longest, most passionate and sweeping speeches of his pontificate, the Argentine-born pope used his visit to Bolivia to ask forgiveness for the sins committed by the Roman Catholic church in its treatment of native Americans during what he called the “so-called conquest of America”.


Unbridled capitalism is the 'dung of the devil', says Pope Francis | World news | The Guardian

 

[DaSleeper]

 

[Walter]

Here is an article from a leftist magazine.
Towards the end of poverty | The Economist

Here is what a hero of the left, Bono, has said, 'Aid is just a stopgap. Commerce [and] entrepreneurial capitalism take more people out of poverty than aid.'

 

[Cliffy]

Bono has it backwards: capitalism puts more people into poverty, on a world scale. When less than .1% of the population hordes 80% of the world's wealth, you have 50% of the world's population living in poverty.

 

[mentalfloss]

Commerce has helped, but it's only one of the factors that has lead to less poverty. The other one is living in a litigious society that tries to strike the right balance of personal freedom while deterring harm.

Even in the U.S. which has the archetypal characterization of being a 'dangerous place', we see poverty, crime, and rates of violence trending downward.

 

[Walter]

Bono has it backwards: capitalism puts more people into poverty, on a world scale.

You're full of shjt, Precipicie.
Towards the end of poverty | The Economist

 

[Walter]

Beautiful. A brilliant answer to an often asked question.
https://pjmedia.com/video/yaron-bro...t-who-said-capitalism-is-bad-for-poor-people/