The less bad

All this business about the one percent has set off some serious thinking about the virtues and problems of social inequality. Good thing. The subject could do with a little soul-searching.

Let’s begin with what the pope thinks.

“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,” Pope Francis I wrote in a recent papal statement. “This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.”


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