Pope Francis called rampant capitalism “a new tyranny” in his first major document released as head of the Catholic church on Tuesday.
“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,” Francis wrote. “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.”
Francis also called on the rich to share their wealth, arguing that there should be a commandment that guides humans to be inclusive of all people and eliminate economic inequality from society.
Pope Francis on economic inequality: ‘Such an economy kills’