re: Pope Francis to issue edict on Climate Change, Greed, Social Inequality.

Something that most people miss when talking about the Pope and the economy is the fact that recently the Pope has been for capitalism. Nothing I've seen Pope Francis said goes against what JPII said bellow

quote:

---

The answer is obviously complex. If by “capitalism” is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a “business economy”, “market economy” or simply “free economy”. But if by “capitalism” is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality, and which sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative.

---

There is nothing I've seen that suggest Pope Francis will go against this understanding. Because he lived in Latin America I think he has seen little more negative impacts of "capitalism" but I would be shocked if he goes against his predecessors.