The Economic Memories of Pope Francis

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When Pope Francis speaks on economic issues, most do not realize the experiences that have shaped his worldview. Matt Malone, S.J., and Tim Reidy speak with America's contributing editor in economics, Paul D. McNelis, S.J., on an article he wrote in the Feb. 22 issue of America, "Tyrants and Technocrats: The Economic Memories of Pope Francis."

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Rodolfo Soriano-Nuñez
2 years 7 months ago

But it is not about the subjectivity of the Pope's views... What US citizens need to realize is that the tale of prosperity as an outcome of unbridled free market policies is a myth with little or no support in both the economic experience of the pope in Argentina and Latin America AND in most of the comparative analyses of the last 50 years or so.... It is not only that Pope Francis talks from his narrow experience in Argentine (hence, the Acton Institute's phony assertion that he knows nothing about REAL free market policies... Pope Francis talks out of lots of data supporting his understanding of how the markets and the economy work and what have been their outcomes... The story is partially better in Chile, but that is only in some areas, hence the massive mobilizations of 2012 and 2013 to change basic features of the Chilean model... The same can be said of both Mexico and Brazil, which at different times have been praised by the IMF, the WB or, in the case of Mexico and Chile, by the OECD...

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