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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