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Pope Francis’ Incoherent Economics

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Peter Johnson, external relations officer for the Acton Institute, discusses the muddled economic message in the recent encyclical for The Federalist:

While I don’t doubt for a moment that Pope Francis sincerely wants to help the poor, I think it would be difficult for even the most erudite Catholic scholars to find a coherent message in a passage like this.

For example, he praises business as a “noble vocation” while summarily disparaging “economies of scale.” While he recognizes that poor people need to be connected to the larger economy to rise out of poverty, he also encourages “civil authorities” to constrain those in the larger economy who actually have the capital to invest in new enterprises.

This vacillation between upholding the merits of enterprise and disparaging profits runs throughout the encyclical. If I could sum up his view on commerce in one sentence it would be this: Business is okay, as long as you don’t make too much money.

Read the entire post “Pope Francis’ Incoherent Economics” here at The Federalist.

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Peter Johnson

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