Pope Francis denounces ‘trickle-down’ economic theories in critique of inequality

by Zachary A. Goldfarb and Michelle Boorstein

Pope Francis: “…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 … has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power…Meanwhile, the excluded are still waiting.” Photo: New York Times

Pope Francis on Tuesday sharply criticized growing economic inequality and unfettered markets in a wide-ranging and decidedly populist teaching that revealed how he plans to reshape the Catholic Church.

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