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The Pope’s Case for Virtuous Capitalism
By Cardinal Timothy Dolan
Francis knows that the answer to problems with the free market isn’t government control.
Pope Francis met with U.N. Secretary-General Ban Ki-moon and other U.N. officials at the Vatican on May 9. From media reports, one might think that the only thing on the pope’s mind was government redistribution of property, as if he were denouncing capitalism and endorsing some form of socialism. This is unfortunate, because it overlooks the principal focus of Pope Francis ‘ economic teaching—that economic and social activity must be based on the virtues of compassion and generosity.