economics Archives - Page 2 of 2 - Crux



  • Book says businesspeople are fascinated, bewildered by Pope Francis

    Book says businesspeople are fascinated, bewildered by Pope Francis

    • Oct 24, 2017

    Father Martin Schlag says Pope Francis’s focus on the good entrepreneur rather than the state makes him a natural ally of authentic U.S. capitalism. Schlag says the pope teaches “everyone in society has to work towards helping the poor, lifting them up — and therefore he is for the good entrepreneur, the good individual who creates work.”

  • Why the pope is wrong about “speculators”

    Why the pope is wrong about “speculators”

    • Jun 6, 2017

    Pope Francis blames speculators for the growth of bureaucracy and burdensome regulations that disadvantage “real entrepreneurs, honest managers” to the benefit of “those who can find the means to circumvent controls and reach their goals.” But a better phrase is “crony capitalism,” where large, politically well-connected enterprises compete unfairly against small firms without the same friends in government.

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