Pope Francis Laments Failures Of Market Capitalism In Blueprint For Post-COVID World

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Pope Francis Laments Failures Of Market Capitalism In Blueprint For Post-COVID World
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In his blueprint for a post-COVID-19 world, Pope Francis says free-market capitalism can't resolve every problem — and denounces 'this dogma of neo-liberal faith that resorts to the magic theories of spillover or trickle.'

Pope Francis celebrates Mass in the crypt of the Basilica of St. Francis, in Assisi, on Oct. 3, 2020.Pope Francis celebrates Mass in the crypt of the Basilica of St. Francis, in Assisi, on Oct. 3, 2020.Pope Francis has presented his blueprint for a post-COVID-19 world, covering a vast number of issues from fraternity and income inequality to immigration and social injustice.

But, as Francis writes, the pandemic"unexpectedly erupted" and his focus widened and became a treatise on the lessons that must be learned from the global health crisis. "Every brother or sister in need, when abandoned or ignored by the society in which I live, becomes an existential foreigner, even though born in the same country. They may be citizens with full rights, yet they are treated like foreigners in their own country. Racism is a virus that quickly mutates and, instead of disappearing, goes into hiding, and lurks in waiting."

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