Wednesday 25 April 2018

Pope Francis holds capitalism to account

The Vatican has suddenly become the spearhead of radical economic thinking, writes Ambrose Evans-Pritchard

REUNION: Fabian Baez, a priest from a church in downtown Buenos Aires, is greeted by Pope Francis at the end of the Wednesday general audience in Saint Peter's square at the Vatican January 8, 2014. Photo: REUTERS/Tony Gentile.
REUNION: Fabian Baez, a priest from a church in downtown Buenos Aires, is greeted by Pope Francis at the end of the Wednesday general audience in Saint Peter's square at the Vatican January 8, 2014. Photo: REUTERS/Tony Gentile.

Ambrose Evans-Pritchard

UNFETTERED global capitalism has met its match at last. Ever since Bishop Bergoglio picked St Francis of Assisi to be his guiding inspiration in leading a "church for the poor", all his actions have been in the same direction.

Liberation Theology is taking over the Vatican a quarter of a century after John-Paul II systematically sought to stamp out the "singular heresy" in the radical parishes and dioceses of Latin America, a task carried out with dutiful efficiency by Cardinal Ratzinger at the Congregation for the Doctrine of the Faith.

The "preferential option for the poor" is back. The doctrine that so inflamed controversy in the Seventies and 1980, famously wedded to Nicaragua's Sandinista cause, now has a papal imprimatur. It is close to becoming official doctrine for the world's 1.2 billion Roman Catholics under "Evangelii Gaudium", the Pope's first apostolic exhortation. This will have consequences.

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