Forget the debate over whether Obama is a socialist.
Now we’re discussing whether Jesus is for big government. Or, to be more accurate, the Pope has started a debate about whether free markets are bad, particularly for the poor.
Samuel Gregg of the Acton Institute wrote about the underlying theological issues in an article for National Review, but I hope I also contributed to the secular aspect of the debate in this BBC interview.
Editor's Note: I'm Catholic... Conservative, Traditional Catholic. Mitchell's right; Pope wrong. This is not a matter of doctrine. We are all free to disagree with the Pope. In this instance he's just another dude with an opinion.
The first thing I said was the rather obvious point that there’s a lot more to life than accumulating wealth.
My most important point was that capitalism is the only successful model for creating broadly shared prosperity and I used examples from the Pope’s home region of Latin America to show that nations with more economic liberty are far more successful.
But I emphasized that supporters of freedom have a challenge because many people mistakenly associate capitalism with cronyism and bailouts for big business. In reality, free markets are a system based on voluntary exchange and private property, which means no special favors for any industry or company.
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