Capitalism and its core institutions—private-property rights and economic freedom—are 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.

Lawrence J. McQuillan is Senior Fellow at the Independent Institute, Director of Independent’s Center on Entrepreneurial Innovation, and author of the Independent book, California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis.
Twitter      Email
Hayeon Carol Park is a senior policy analyst at the Maryland Public Policy Institute in Rockville, Maryland.
Culture and SocietyEconomic PolicyEconomyEntitlements and WelfareFree Market EconomicsPhilosophy and Religion