"While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation. Consequently, they reject the right of states, charged with vigilance for the common good, to exercise any form of control. A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules. Debt and the accumulation of interest also make it difficult for countries to realize the potential of their own economies and keep citizens from enjoying their real purchasing power. To all this we can add widespread corruption and self-serving tax evasion, which have taken on worldwide dimensions. The thirst for power and possessions knows no limits. In this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which become the only rule."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Pope Francis, "The Joy of the Gospel" (2013), Section 56
https://en.wikiquote.org/wiki/Capitalism
Revision History
No revisions have been submitted for this quote.
Categories
Capitalism
269 quotes on TrueQuotesView all quotes by Capitalism →
Related Quotes
"Ignorance alone stands in the way of Socialist success. The capitalist parties understand this and use their resource…"
"We are going to have to live more economically than we do. And we can do that and, I believe we will do it more happi…"
"Capitalism is the exploitation of man by man. Yes? Well socialism is exactly the reverse."
"The economic impact of the UBI together with the three tax changes in the US would be roughly as follows. First, bank…"
"We live in a contradiction, a brutal state of affairs, profoundly inegalitarian – where all existence is evaluated in…"
"Trump would have us believe that these are our only two choices: We can either have smash-and-grab capitalism, where …"
"'But whom do I treat unjustly,' you say, 'by keeping what is my own?' Tell me, what is your own? What did you bring i…"
"The executive director of the World Food Program is calling for the world’s billionaires to step up and help his orga…"
"The other story of capitalism, just as easily told, focuses on exploitation, violence, and unfathomable misery – it h…"
"Socialism is not the invention of an individual. It is essentially the outcome of economic and social conditions. The…"