Saturday, July 11, 2015

Of Popes and Markets and Media

Following is a copy of our letter to the NY Times in response to their piece In Fiery Speeches, Francis Excoriates Global Capitalism.
George Soros is not the first billionaire to call for "fettering" the marketplace that delivered to him his billions, nor is Francis is the first Pope to have his utterances on "social justice" cast by the media as Leftist orthodoxy.
You are hopefully keenly aware that you have completely failed to grasp -- and therefore to accurately convey -- the teaching of the Church on economics and the role of the free market in bringing about justice. To wit:
A truly competitive market is an effective instrument for attaining important objectives of justice: moderating the excessive profits of individual businesses, responding to consumers' demands, bringing about a more efficient use and conservation of resources, rewarding entrepreneurship and innovation, making information available so that it is really possible to compare and purchase products in an atmosphere of healthy competition. -- COMPENDIUM OF THE SOCIAL DOCTRINE OF THE CHURCH
How or why can an otherwise seemingly intellegent and presumably responsible professional fail obtain and convey the perspective that any such reader could obtain in under 60 seconds if willing to?
If you haven't come to understand - and to convey -- the lesson repeatedly taught by history, that those on the Left are the most pragmatic, "unfettered" and "irresponsible" participants in the marketplace, you will not fail to if willing to.


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