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Journal of Vincentian Social Action

Capitalism

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Africa And An Economy Of Universal Human Solidarity: In The Footsteps Of Pope Francis’ Evangelii Gaudium, Laurenti Magesa Oct 2017

Africa And An Economy Of Universal Human Solidarity: In The Footsteps Of Pope Francis’ Evangelii Gaudium, Laurenti Magesa

Journal of Vincentian Social Action

In his recent Apostolic Exhortation, Evangelii Gaudium or The Joy of the Gospel, Pope Francis indicated the shortcomings of capitalism, the economic order dominant in the world today. The inhuman social conditions Francis has attributed to global capitalism can be observed concretely in the lives of the peoples of the African continent. As a result, there exists within Africa itself, on the one hand, and between Africa and other regions of the world, on the other, a cavernous gap between the rich and the poor classes. The main problem is that poverty revolves around fundamental injustices in the creation, distribution ...


Latin America: When The Pope’S Economic Message Finds Home, Denise Chrispim Marin Oct 2017

Latin America: When The Pope’S Economic Message Finds Home, Denise Chrispim Marin

Journal of Vincentian Social Action

When Pope Francis wrote that “we have to say ‘thou shalt not’ to an economy of exclusion and inequality”, this new “commandment” could not find a more challenging audience than in Latin America. According to United Nations Development Program (UNPD) data, Latin America was the only region in the world that has managed to reduce the income inequality in the last decade. In this same region, alternative forms of doing business are flourishing as a result of the social, cultural and environmental engagement of old and new companies, either for the sake of their image or for their own conviction ...


Economy Of Exclusion: Global Perspectives On Pope Francis On Capitalism, Charles Clark Oct 2017

Economy Of Exclusion: Global Perspectives On Pope Francis On Capitalism, Charles Clark

Journal of Vincentian Social Action

Twenty-eight years after the fall of communism and final victory of capitalism, there is increasing unease with the ideology and lived reality of capitalism around the world, and even in America (the Cold War victor). While it is impossible for any one entry to fully represent a continent’s perspective, it is hoped that geographic diversity will also reflect the diversity in the lived experience of capitalism. In challenging capitalism, Pope Francis is thus joining a long tradition of popes who have critiqued both the ideal and the reality of it. The values of capitalism are those that led the ...