new icn messageflickr-free-ic3d pan white
Pope Francis rips capitalism and trickle-down economics | by devendramakkar
Back to photostream

Pope Francis rips capitalism and trickle-down economics

Pope Francis rips capitalism and trickle-down economics to shreds in new policy statement.


“As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world’s problems or, for that matter, to any problems,” the pope said in the 224-page document that essentially serves as his official platform.


Economist Joseph Stiglitz of Columbia University NY: We’ve been brainwashed BY RICH TO IGNORE INEQUALITY. It's no accident that Americans widely underestimate inequality. The rich prefer it that way. How, in a democracy supposedly based on one person one vote, could the 1 percent could have been so victorious in shaping policies in its interests? It is part of a process of disempowerment, disillusionment, and disenfranchisement that produces low voter turnout, a system in which electoral success requires heavy investments, and in which those with money have made political investments that have reaped large rewards — often greater than the returns they have reaped on their other investments.

US Economic Policies a Perfect recipe to kill the Main Street of any Country


6 faves
Taken on December 24, 2013