Pope Francis’s economic agenda does millennials no favors

April 6, 2018   |   Category: Prophecy News   |   Tags:

On Palm Sunday and World Youth Day, Pope Francis told youth “not to keep quiet even if others keep quiet.” Young people should take his advice and speak out against Pope Francis’s economic agenda.In his apostolic exhortation Evangelii gaudium (“The Joy of the Gospel”), Pope Francis said, “Young people call us to renewed and expansive hope, for they represent new directions for humanity and open us up to the future, lest we cling to a nostalgia for structures and customs which are no longer life-giving in today’s world.”Those young people should note that Pope Francis clings to outdated structures and customs. He continues to push the high tax, government wealth-redistribution model that undermines market capitalism, which entrepreneurs, young and old, need to thrive. Pope Francis argues that capitalism and globalization lead to poverty and inequality. In a 2015 interview, he said, “It is true that in absolute terms the world’s wealth has grown, but inequality and poverty have arisen.” His antimarket fervor stands at some distance from the facts.From 1981 to 2013 the percentage of the world’s population living in absolute poverty (with incomes less than $2 per day) fell from 42 percent to 10.7 percent, according to the World Bank. This happened as market liberalization spread, lifting billions of people out of abject poverty over the past two decades alone.More than 500 million people in China escaped crushing poverty after promarket reforms allowed unprecedented freedom for entrepreneurs to start new businesses, invest capital, innovate with new technology, trade globally, and hire the best employees. The same process has been at work in India.

Source: Pope Francis’s economic agenda does millennials no favors | TheHill

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