Pope Francis Protested Against Unbridled Capitalism

By MoneyTimes

Jul 13, 2015 09:45 AM EDT

Pope Francis complained over unbridled capitalism and the worship of money in a speech he made during his visit in Asuncion, Paraguay on July 12, one of the three countries in South America he visited over the weekend, including Bolivia and Ecuador. Accordingly, Bolivian President Evo Morales said that Pope Francis is preaching socialism, saying that the Pope is the "first and the best politician in the world".

The Pope pleaded to global leaders on Saturday to strive for a new economic standard that will support the poor and to reject programs which costs human lives on the stand of money and profit.

Francis informed civic leaders in Paraguay as his final destination in a weeklong South American trip, including Bolivia and Ecuador, "Certainly every culture needs economic growth and the creation of wealth." On the other hand, the pope insisted,political and business leaders have a duty to guarantee that the revenues will not only benefit the rich but the poor as well.

Pope Francis had delivered another piercing assessment about the current form of capitalism telling that the indigent are often abandoned on the "altar of money", blaming the rich for venerating a modern-day "golden calf."

He articulated that the worshiping of golden calves, an early form of atheism, has "returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy." He also associated corrupt administrations that sentence political rivals on false charges to Hitler and Stalin, reported CNN.

In Bolivia, the pope's furious denunciations of economic inequity have made the Bolivian President claim him as the first and the best politician in the world. In a statement from No Spin Catholism, Bolivia president Evo Morales declared that the Pope is preaching socialism.

"I feel like the pope is the first and best politician in the world," Morales  told The Associated Press hours before the Pope had left. "I don't know whether it's communism, but it is socialism. He's talking about community, about living in harmony," Morales added.

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