Pope Francis Attacks The Free Market

Pope Francis Attacks The Free Market | pope-francis | Special Interests World News
image credit: Martin Schulz

(The Real Agenda) There is very little that Pope Francis can say publicly that may surprise anyone. He has repeatedly shown he is either ill-advised or plainly ignorant on some of the most important issues that occupy the minds of people today.

Since he became a Pope, Francis has issued multiple statements on topics such as Climate Change, poverty, inequality, Capitalism, Free Market and others. Most of his statements have been ambiguous or simply lacked logic.

Recently, the Pope gave an interview to the French Catholic publication La Croix, where he, once again, demonstrates that he does not understand the difference between Free Market Capitalism and Crony Capitalism.

According to his interview on La Croix, Pope Francis believes that the Free Market doesn’t work. He says a Free Market is to blame for global inequality, with a tiny minority controlling most of the wealth while the majority live in poverty.

Pope Francis forgot to mention that he is part of that tiny minority that not only controls trillions in wealth, but that does not intend to share it, as he demands that others do.

According to official numbers cited by TIME Magazine, The Vatican, the entity that houses the Catholic Church and the Pope, sits on top of $10 billion to $15 billion. Stockholdings in the hands of the Vatican run up to $1.6 billion, 15% of the value of listed shares on the Italian market. The Vatican has big investments in banking, insurance, chemicals, steel, construction, real estate.

In other words, the Pope criticizes and despises the system that has allowed The Vatican to accumulate wealth and resources that he enjoys today. Furthermore, the Pope has failed to visibly provide some of that wealth to the neediest people in the world, such as the refugees he speaks so fondly of.

“Unlike ordinary stockholders, the Vatican pays no taxes on this income,” reports TIME. Additionally, The Vatican’s Bank is well-known for aiding transactions of billions of dollars in drug money, which has been circulating all over the world for years.

The Pope’s merchant bank stands accused of money laundering, insider trading and market manipulation, as reported by the UK Independent. Whatever the Pope is doing or not doing to deal with accusations like the ones cited above is still a secret.

According to Pope Francis, there is room for a market, but in his socialist view there must be a government to control it. He even has a name for it: “social market economics.”

In regards to immigrants and refugees, some of whom he has reluctantly decided to help, the Pope seems to have come to his senses. He believes that although “you can not open the doors irrationally, the basic question to ask is why there are so many of them today.”

He says that the initial problem is the wars in the Middle East and Africa as well as underdevelopment of the African continent, which causes hunger.

“If there is war is because there are weapons manufacturers -what can be justified by the defense industry- and especially arms dealers,” the Pope explained.

“If there is so much unemployment is due to the lack of investments that create jobs, so necessary in Africa,” Francis said.

His comments on immigration and refugees seem to have spun 360 degrees from his traditional belief that the doors must be wide open for all people to move in. That is what he has advocated in the past.

On the origins of terrorism and more specifically, Islamic terrorism, Pope Francis explains that it is western culture what has caused the rise in hatred against Europe and the Americas.

“On Islamic terrorism, we should question the way the West has exported a model of Western democracy to countries where there was a strong power like Iraq. Or Libya, with a tribal structure. You cannot move forward without taking into account those cultures. As a Libyan said  some time ago: “Before we had a Gaddafi, we now have 50”.

Although the Pope is correct on questioning the imposition of what most people call western values on Middle Eastern and African countries, he paints the issue with a very broad brush. He assigns blame to the West as a whole, as supposed to the Establishment, military industrial complex who is in control of the decisions being made on war and peace.

Neither this Pope nor his predecessor showed any opposition to the wars waged against countries like Syria or Libya, and instead only made weak calls for restraint. Pope Francis went as far as condoning the use of the military apparatus against the countries he says he cares about.

“The way the West has intervened in countries like Iraq and Libya is the origin of the current wave of terrorism,” says the Pope in the interview. Then Francis, once again, mixed apples with oranges when describing why immigrants must be intergrated in Europe. He cited the case of the new mayor of London, Sadiq Khan, son of a Pakistani Muslim. “This demonstrates the importance of Europe to regain its integration capacity”.

The Pope does not understand the difference between legal and illegal immigration. He does not understand that, just as there are limited resources and that socialism ends whenever everyone else’s money is completely exhausted, integration of immigrants depends on the effort made by both on the host society and those who seek a new place to call home.

In the case of Europe, the large waves of immigrants, especially the young men that have entered Europe as refugees, have shown that they are not interested in integrating themselves to western society, but in conquering Europe street by street. These immigrants are not your typical refugees who only want a better future for them and their families. Very few of them are vetted before entering Europe, even though it is clear that large numbers of them are ideologically tied to Islamic terrorism.

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About The Author

Luis R. Miranda is an award-winning journalist and the founder and editor-in-chief at The Real Agenda. His career spans over 18 years and almost every form of news media. His articles include subjects such as environmentalism, Agenda 21, climate change, geopolitics, globalisation, health, vaccines, food safety, corporate control of governments, immigration and banking cartels, among others. Luis has worked as a news reporter, on-air personality for Live and Live-to-tape news programs. He has also worked as a script writer, producer and co-producer on broadcast news. Read more about Luis.

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