The Pope's Self-Defeating Anti-Capitalistic Rant
He shouldn't bite the hand that feeds the church
"But capitalism hasn’t only produced gains in the West. Between 1990 and 2010, the number of people in extreme poverty as a share of the total population in developing countries has been cut in half from 43 percent to 21 percent—a reduction of one billion people. Why? Because China and India jettisoned Big Government Socialism, the very thing the Pope advocates, and liberalized their economies.
It is no exaggeration to say that charity is a balm for poverty but capitalism is the cure—or in Bono’s evocative mixed metaphor capitalism’s “job creators and innovators are the key, and aid is just a bridge."
Indeed, without capitalism, even this balm would be in short supply or this bridge too short."
HT:SD
HT:SD
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