Over the weekend, the Pope (Francis) came up and made the statement over the Covid-19 era, then said....it's basically proven that 'magical theories' of market capitalism are in a failure-mode. Then he said with Pope-authority....the world needs a new type of politics that promotes open-exchange, solidarity, and has no war involved.
Out of 100,000 folks in the news 'world' (to include North Korea's Kim, Putin, etc)....I'd rank the economic and financial views of the Pope off this scale, and limit the guy mostly talking over Jesus, general religion, and handling demon-possession. That's it.
I do agree...capitalism is built to run 24-hours a day....seven days a week, and disasters are likely to sideline it. The suggestion of shutting down an entire economy....not just for a week or month, but for several months (like in NY City)? You basically destroy economy to the extent that it can't continue.
But you come to his end-point....he wanted to let you know that a new type of politics is out there and ready to replace the current capitalism model that the majority of nations embraces. He sounds like one of those college 'kid' types that believes in some massive socialism model....where things are magically produced at X-price and sold at a cheaper rate than possible, with no one asking the question how you can achieve success.
Just my humble two cents of observation.
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