Pope Francis called rampant capitalism “a new tyranny” in his first major document released as head of the Catholic church on Tuesday.
“In this context, some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” Francis wrote. “This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”
Francis also called on the rich to share their wealth, arguing that there should be a commandment that guides humans to be inclusive of all people and eliminate economic inequality from society.
“Just as the commandment ‘Thou shalt not kill’ sets a clear limit in order to safeguard the value of human life, today we also have to say ‘thou shalt not’ to an economy of exclusion and inequality,” he wrote. “Such an economy kills.”
Along with his forthright criticism of capitalism, the pope also called the obsession with wealth a “new and ruthless” form of worshiping a false idol, and argued it reduces humans to creatures of consumption.









