The Pope with black shoes speaks.
- Poor people fare better when the economy is good, and they do worse when the economy is weak.
- Poor and Middle Class people do fare better when wealthy capitalists invest with social and environmental responsibility in mind, and they don’t do well when they pursue profit blindly.
Karl Marx invented capitalism, the term. He suggested mitigating its propensity toward public disregard with governmental intervention on behalf of society. Call that socialism if you want.
Whatever it is, intervention is needed in balance to ensure that opportunity is properly distributed. When wealth becomes too concentrated as it is today in America, intervention is required.
Since the US is the largest economy in the world, the Pope’s calling is a message that strikes at home. Now, the Pope could set a better example by liquidating some of the Vatican’s assets and establishing more distribution of investments to the poor, could he not?
For the Pope who resists wearing red shoes and enjoys living modestly, don’t be surprised if he gets a higher message to increase sharing all around.
Good report from Fox News.
“Francis shrugs off conservatives who think him 'Marxist,' for fretting economy can hurt poor
Published December 15, 2013
VATICAN CITY – Pope Francis is shrugging off the "Marxist" label that some ultra-conservatives might apply to him because he frets that economic growth doesn't always help the poor.
In an interview with Italian daily La Stampa published on Sunday, Francis is quoted as saying: "Marxist ideology is wrong." But the Argentina-born pontiff added he has "known many Marxists who were good persons, and that's why I don't feel offended" by the label.
He also mentioned that at a recent public audience at the Vatican he told a mother whose baby was crying but who was ashamed to nurse in the pope's presence: "Please feed him!" He said he wants to tell all humanity to feed the hungry.
Francis also confirmed plans are proceeding for his Holy Land trip next year.”