The New Pope Doesn’t Heart the Free Market

It appears that he is agin’ it (full document here).

I’m not going to go into the wrongheaded economics here. Instead, what I think is curious about this document is a longstanding peeve of mine. Ever since the Galileo incident, the Catholic Church has generally tried to be careful to get its science right before it opines on ethical matters related to science. It takes seriously questions of bioethics and has developed internal expertise on those issues. Yet when it comes to economics, the Church seems to have no qualms about opining on issues of economics without even the slightest idea of what it is talking about.

I mean, seriously?

204. We can no longer trust in the unseen forces and the invisible hand of the market. Growth in justice requires more than economic growth, while presupposing such growth: it requires decisions, programmes, mechanisms and processes specifically geared to a better distribution of income, the creation of sources of employment and an integral promotion of the poor which goes beyond a simple welfare mentality. I am far from proposing an irresponsible populism, but the economy can no longer turn to remedies that are a new poison, such as attempting to increase profits by reducing the work force and thereby adding to the ranks of the excluded.

Well darn that John Paul II for helping to bring freedom to Poland and getting rid of all those “decisions, programmes, mechanisms and processes” that were so beneficial to the Poles under Communism. Now they just trust in the unseen forces and the invisible hand of the market. And look what that’s gotten them? Uh, never mind…

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