Just because some Tea Party economist finds the Pope’s statement not precise enough and disagrees with them, does not mean that Pope Francis does not fully understand free enterprise.
Actually just the fact that the Pope can see though the fog created constantly by the mythology of ‘job creators’, ‘hard workers’, ‘lazy poor’ and actually appreciate the human condition shows a very deep understand of economic reality. But then that is just my opinion, just as the above is the opinion of Mr. gregg.
Officially Pope Francis stands by Catholic Social Teaching; he advised people to study the
Compendium of Catholic Social Teaching (
Evangelium Gaudium, #184); and he said in the same article, quoting Paul VI, “It is up to the Christian communities to analyze with objectivity the situation which is proper to their own country.” In
EG Francis mentions lack of economic “opportunity” (#s 54, 59, 209) as a social ill three times, not lack of entitlements. Twice he rejects the idea of the “welfare” state/mentality (202, 204). And he cites the teaching of Paul VI in
Popularum Progressio that all people should exercise individual initiative to be artisans of their own destiny. (190)
The Compendium rejects collectivism, class warfare, and dependency on government entitlements, and it encourages individual and collective initiative, private ownership of property and the means of production, entrepreneurial ability, education, competition, legitimate profit, and regulated capitalism (i.e., government ensuring a level playing field).
It should be remembered that Francis came from Latin America which generally has one of the most corrupt, maladaptive, and exclusionary economies in the world. When the Spanish pulled out the situation was and still is: “a few wealthy families have amassed vast amounts of land, money, and power with the help of special privileges and restrictive laws made by friendly government officials. . . . These few wealthy families typically own nearly all the land, have government-protected monopolies for the products of their companies, and habitually violate the law while knowing that they will never be convicted by their friends, who are the powerful judges. These families might own the only businesses that receive huge government contracts.” (Grudman & Asmus,
The Poverty of Nations,76)
This is the whole set of injustices that fomented Liberation Theology.
Further, the Spanish even when in South America never taught them how to generate wealth: they just mined gold and silver and bought everything they needed to make lavish displays of prosperity as the wealthiest nation on earth in the 16th c. By the mid 17th c when the bullion flow stopped the crown was deep in debt. Since it neither learned to generate wealth nor the habits and practices necessary, it is now one of the poorer countries. (Landis,
The Wealth and Poverty of Nations, 173)
Francis’ tweets and off the cuff comments come out of this Latin American experience. . . true economies of exclusion.