Pope Francis vs. trickle-down economics

I’m about as lapsed a Catholic as possible (can you get more lapsed than being an atheist?), but I have to say, I’m really enjoying this new Pope.

[…] some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.

Ouch. I hope Ronald Reagan felt that.

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