Pope Francis, Capitalism, and Private Charitable Giving
By Lawrence J. McQuillan, Hayeon Carol Park
This article appeared in the Winter 2017 issue of The Independent Review
Capitalism and its core institutionsprivate-property rights and economic freedomare enablers of philanthropy, not its enemies. In contrast, the government-coerced redistribution often favored by Pope Francis slows economic growth and undermines effective charitable giving.