Pope Francis calls summit on “anti-capitalism”

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VATICAN CITY (ChurchMilitant.com) – Pope Francis convenes an international summit of young economists in Assisi to re-examine the current model of capitalism – what he calls “the economy of exclusion” – and to “find answers to structural problems of the world economy. “

On the model of Saint Francis of Assisi, the pontiff hopes that the conference will work for the creation of “another type of economy: an economy which brings life and not death, one which is inclusive and not exclusive, human. and not dehumanizing, one that cares for the environment and does not degrade it. “

The March 26-28 forum, dubbed a “papal anti-Davos,” will bring together 2,000 socially conscious students, academics and entrepreneurs from over 45 countries to explore alternatives to the capitalist free market system.

The delegates will endeavor to correct “the growth models incapable of guaranteeing respect for the environment, openness to life, concern for the family, social equality, the dignity of workers and the rights of future generations. “.

Francis hopes that the conference “Economy of Francesco”, named after the saint of Assisi, will draw up an “alliance” to “change the economy of today and give a soul to the economy of tomorrow”.

The pontiff, who denounces capitalism as “the dung of the devil”, expects the alliance to complete Laudato Si, his 2015 encyclical on “climate change”.

An economic summit will be held in Assisi, homeland of Saint Francis

“This has earned the pontiff many followers among environmentalists. The follow-up is unlikely to do the same for economists,” notes The Economist.

“Pope Francis has every right to influence business”, but “the difficulty is to find an alternative which does not turn into a system of command and control”, and “even the Italian students of business schools who hope to attend the papal meeting – together admit they have no idea what these ideas mean, ”the publication said.

The neoliberal newspaper criticizes Francis as “erratic about remedies,” and as someone who both views business as a “noble calling” and “equates free markets with tyranny and overlooks the fact that many problems – especially in countries like Italy – are caused by the fact that the markets are not free enough. “

The economic mastermind behind the conference is Professor Luigino Bruni, who described the primary purpose of taxation as serving to “redistribute income and wealth from the rich to the poor” and denounced meritocracy as “the ethical legitimation of the inequality ”.

Bruni, who teaches political economy at LUMSA University, a private Roman Catholic university in Rome, criticized the market for not being able to “ensure a fair distribution” of wealth. “In the absence of other principles and institutions, the market tends to increase inequalities over time,” Bruni said.

Bruni believes that “the postmodern, informed and global man, after having achieved political democracy, now seriously demands economic democracy” and the market, “if he produces wealth, he must also distribute wealth, by doing so a place of justice ”.

Abortion is a “safer, cheaper option” than having unwanted children born into the world.

The author of The Genesis and Ethos of the Market, Civil happiness: economy and human flourishing from a historical perspective and The Economy of Salvation: Ethical and Anthropological Foundations of Market Relations in the First Two Books of the Bible, believes that “the Bible has many words to offer our economic life and our ideas” and calls for “the transformation of wealth into well-being”.

Pro-abortion Jeffrey Sachs, Papal Forum speaker

Two Nobel Prize-winning economists, Amartya Sen and Muhammad Yunus, have confirmed their attendance.

However, sources have alerted Church Militant to the possibility of more radical voices subverting the summit to advance a left-wing economic agenda.

Mark Tapson, popular culture journalism researcher at the David Horowitz Freedom Center, told Church Militant:

Pope Francis condemned capitalism as an economic model in which exclusion and inequality are endemic and in which the powerful feed on the powerless. But he does not serve the millions of poor among his world flock well by preaching the redistribution of wealth. Only capitalism has proven itself in raising humanity from poverty to abundance. Socialism only accomplishes the reverse.

Hindu ecofeminist Vandana Shiva, speaker at the Pontifical Forum

Professor Jeffrey Sachs, director of the Columbia Center for Sustainable Development and the United Nations Sustainable Development Solutions Network, is one of the keynote speakers at the symposium.

Sachs called President Donald Trump “mentally disturbing: megalomaniac, paranoid and psychopathic” and spoke in favor of Chinese and Iranian trade policies.

In his 2008 book Common wealth: the economy of an overpopulated planet, Sachs advocated for the legalization of abortion as a cost-effective way to eliminate “unwanted children” when contraception fails. Abortion, he wrote, is a “lower risk, lower cost option” than having unwanted children born into the world.

Stefano Gennarini, director of legal studies at the Center for Family and Human Rights, called Sachs “the most powerful proponents of abortion and population control in the world.”

Francis also invited the Hindu eco-feminist and anti-capitalist Vandana Shiva as a speaker. While Shiva spoke out against sex-selective abortion and the population control imposed by Western policymakers on the Third World, she also called the Vatican and the Catholic Church a “patriarchal institution” and is a strong supporter of abortion.

Swiss economist Bruno Frey, who was convicted of misconduct for self-plagiarism, was also invited to speak at the summit.

Another speaker is British economist Kate Raworth, who describes herself as “a renegade economist focused on exploring the economic mindset needed to meet the social and ecological challenges of the 21st century.”

The Holy Father “stands on firmer ground” if he sticks to “the preaching of ethics” and “would do well to use the most prominent pulpit in the world to urge companies to do so. behave with a stronger moral sense, “observes The Economist, warning against the pontiff” proposing half-baked policies that any thoughtful economist can quickly reject. “

The summit is organized by the Diocese of Assisi, the Municipality of Assisi, the Economy of Communion and the Seraphic Institute – a rehabilitation institution for children and young adults with disabilities.

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Estelle D. Eden

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