Pope Francis' blind spot on capitalism

Capitalism is as close to a miracle as anything man will ever create. If only His Holiness could see it.

Pope Francis
(Image credit: AP Photo/Andrew Medichini)

Pope Francis and China's President Xi Jinping will each be in Washington this week to meet with President Barack Obama. Too bad they're not meeting with each other, too. It would be an interesting chat, especially if they discussed the merits of modern capitalism.

Perhaps the "progressive pope" would offer some variation on his critique of markets and "trickle-down theories." (Remember, Francis has dismissed "unfettered," high-octane capitalism as the "dung of the devil," saying it "deadens us.") Perhaps he would lecture the Communist leader on rising income inequality in the world's most populous nation. Perhaps Xi would respond with an explanation of how capitalism with "Chinese characteristics" is different from the sort practiced by Wall Street.

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James Pethokoukis

James Pethokoukis is the DeWitt Wallace Fellow at the American Enterprise Institute where he runs the AEIdeas blog. He has also written for The New York Times, National Review, Commentary, The Weekly Standard, and other places.