Pope Francis has emerged as one of the most important voices on the global stage about the need for a stronger moral dimension in economic policies. This has caused some upset in business and financial circles.
Prominent US political commentator Keith Farrell responded
by accusing Pope Francisof being overly influenced by Marxist ideas that “the rich have only gotten rich at the expense of the poor”.
Farrell argues that “the inequality gap simply doesn’t matter”. He wrote that “capitalism has produced unrivalled economic growth” and is “chiefly responsible for halving of world poverty rates over the past 20 years”.