Posted on 14 Mar 2014

Pope’s Critique of Capitalism

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Market Reformer

Jeffrey D. Sachs

An economist considers Pope Francis’ critique of capitalism.

“In line with this great tradition, Pope Francis aims at nothing less than re-establishing a moral foundation for our local, national and global economic dealings, by spreading the church’s teachings of social justice, which has roots in Jewish teaching as well. But beyond specific doctrines, the pope is invoking universal themes that are shared by many major religions, as well as by agnostics and atheists, whom he recently invited to join in the quest for justice and peace…

“We face a moral crisis much more than a financial or economic crisis. And for this reason we must offer our gratitude to Pope Francis. He has lovingly reminded us that our highest aspirations really are within our grasp.”

Author: Jeffrey D. Sachs is director of The Earth Institute, Quetelet Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University in New York City. He is also special adviser to U.N. Secretary General Ban Ki-moon on the Millennium Development Goals and author of The End of Poverty (2005). His most recent book is To Move the World: JFK’s Quest for Peace (Random House, 2013). 

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