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Pope Francis

Pope Francis vs. Wall Street

Pope Francis vs. Wall Street

“Laudato Si,’ ” Pope Francis’s stunning encyclical, has earned much deserved attention for its ringing declaration that climate change poses a real and present danger and is caused “mainly as a result of human activity.” But Pope Francis’s text is far broader. He grounds his call for action on climate change within a fierce critique of the false doctrines of market fundamentalism, calling on us to “reject a magical conception of the market, which would suggest that problems can be solved simply by an increase in the profits of companies or individuals.” The pope, as the Wall Street Journal summarized, issues “an indictment of the...