Pope Francis is the Wrong Person of the Year

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

“Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape.”

— Pope Francis, Evangnelli Gaudium (2013)

Time magazine should have named Edward Snowden “Person of the Year” for his heroic action to expose the excesses of the U.S. government’s surveillance of Americans.

Instead they gave it to Pope Francis, the first non-European Pope in 1,200 years, for his outreach to minorities, the healing of the poor and his attacks on capitalism.

Unfortunately, the new Pope from Argentina appears to be a devout follower of the Marxist doctrine of “Liberation Theology,” which blames free-market capitalism rather than government interventionism for the ills of the world. Yet it is precisely capitalism that has liberated millions in Asia and Latin America from poverty, as the World Bank has documented.

Alberto Benegas Lynch, a highly respected economist from Argentina, responds to the Pope’s attack with the following:

“The values and principles of a free society do not kill. What annihilates is the statism that has been in force for a long time now. It is important to cite the commandment “Thou shalt not kill,” but one must also remember “Thou shalt not steal” and “Thou shalt not covet thy neighbor’s goods.” In this sense, I consider the Pope’s advice, based on a quote from St. John Chrysostom, especially dangerous when the pontiff writes, “I encourage financial experts and political leaders to ponder the words of one of the sages of antiquity: ‘Not to share one’s wealth with the poor is to steal from them and to take away their livelihood. It is not our own goods which we hold, but theirs.’”

So now capitalists are thieves if they don’t give away their wealth to the poor? Sounds like Marxism to me. It would be better for capitalists to hire the poor. The working poor are far better off than the poor living on welfare.

Exclusive  Georgia Runoff Matters Little to Year-End Rally

In case you missed it, I encourage you to read my e-letter column about the best way you can get rich that appeared last week in Eagle Daily Investor. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

For the first time in nine years, Volkswagen AG will reign as the top foreign carmaker in China, surpassing General Motors in units sold.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE