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Market cannot solve every problem, capitalism fails in epidemic: Pope Francis | america – World

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Market cannot solve every problem, capitalism fails in epidemic: Pope Francis

Pope Francis said that inequality created in society gives rise to violence. (File photo)

Pope Francis said that the Corona epidemic has shown that free-market policies cannot solve the most pressing needs of humanity.

  • News18
  • Last Updated:October 5, 2020, 11:11 AM IST

New York. Criticizing the so-called trickle-down economic theory, Pope Francis said that the Corona epidemic has shown that free-market policies cannot address the most pressing needs of humanity. . Pope Francis issued a 70-page letter to all bishops of Roman Catholics about their outlook on the post-pandemic world. The Pope has written in this letter- ‘The market cannot provide a solution to every problem, although we are asked to believe in this dogma of neoliberal faith’. He said that the system of free market has been created by capitalism itself. In capitalism the magic theories of “spillover” or “trickle” are considered the only solutions to social problems.

Inequality promotes violence: Pope

Pon said that the ‘previous deposit stock’ or ‘spliver’ resolves the inequalities that have arisen in the society, rather it causes violence to rise in a new form and this causes the balance of the fabric of the society to deteriorate.

‘The right to private property was not recognized in the Christian tradition’Pop wrote in the letter that the Christian tradition has never recognized the right to private property as absolute or invisible and on the social purpose of all forms of private property Is stressed. In this paper, the Pope has talked about many social problems. This encyclopedia of sin covers a wide range of social topics including immigration, capital punishment, populism and economic injustice.

Also read: UK: PM Boris Johnson’s mother was a victim of domestic violence, father broke his nose

People are agitated for many reasons in the world, know why the protest is happening from the pictures?

He said about racism that it is a type of virus and it spreads very fast. Instead of hiding or lurking the virus of racism is looking to infect someone. The pope also questioned why it took the Catholic Church disproportionately long to condemn slavery? “Fratelli Tutti” is the third encyclopedia of Pope Francis and he signed it to the Tomb of St. Francis in Assisi.

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