Pope Francis: Capitalism is “a new tyranny”: "The culture of prosperity deadens us," the pope writes in a document laying out the platform for his papacy
How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points? This is a case of exclusion. Can we continue to stand by when food is thrown away while people are starving? This is a case of inequality. Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape.
In this context, 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. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.
POPE FRANCIS’S CHALLENGE TO GLOBAL CAPITALISM
A week after Pope Francis released his first papal exhortation, the innocuously named “Joy of the Gospel,” it is still causing ruptures. Rush Limbaugh dismissed it as “pure Marxism coming out of the mouth of the Pope.” At least one Roman Catholic group demanded that Limbaughapologize and retract his remarks, but that seems unlikely. And meanwhile, some conservative economic commentators, while stopping short of echoing Limbaugh’s words, have accused the Pope of misrepresenting global capitalism, and ignoring its role in wealth creation.
IMPORTANT: The other term for "trickle down economics" is "supply side economics, i.e. as Fox Business explains helping the big business with making products (supply) will eventually lead to growth (i.e. it will trickle down to the masses)... so far it has led to the largest inequality ratios in the United States EVER and completely defies what democracy is all about:
Fox News's Class Warfare "Hypnosis" 2 - Taxing The Poor i.e. Those Least Able To Afford It
Fox News's Class Warfare "Hypnosis" - Using %s & Numerical Figures Interchangeably To Fit Their Personal Agenda