Pope says free market, ‘trickle-down’ policies fail society – By Philip Pullella (Reuters) / Oct 4 2020
VATICAN CITY (Reuters) – Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.
Pope Francis delivers the Angelus prayer from his window on the day of the release of his new encyclical, titled “Fratelli Tutti” (Brothers All), at St. Peter’s Square at the Vatican, October 4, 2020. REUTERS/Remo Casilli
In an encyclical on the theme of human fraternity, Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.
Called “Fratelli Tutti” (Brothers All), the encyclical’s title prompted criticism for not using inclusive language after it was announced last month.
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