The Pope Speaks out on the Economy
December 3rd, 2013
Fr. Seamus Finn, OMI was interviewed today by The Lay Catholic on the Pope’s recent exhortation, The Joy of the Gospel.
“…Father Finn said the last two decades in the United States have witnessed a “growth in wealth in assets for the top 1 percent and stagnation of wages and assets for the middle class,” resulting in “widening gaps between a very, very small number of people at the top, a middle class that’s holding its own, and an impoverished sector that is barely hanging on and very dependent on the charity of others.”
“Father Finn said Pope Francis’ portrayal of the ideological struggle over state intervention in the economy is realistic, as exemplified by current debates in the U.S.”
“We have a whole number of folks who are saying, let’s shrink the size of government, let’s let the market and the private sector come up with and propose solutions,” particularly in the education and health care sectors, he said. “And we’ve got lots of other people saying, that’s leaving a lot of collateral damage out there. Who’s responsible for it?”