Another Quarter Heard From

Yesterday the Pope weighed in on the economic morass. On Fox Business, the encyclical was treated as if it inveighed against capitalism. Not true. Read the text. The Holy Father goes out of his way to establish that markets in and of themselves are not bad things. It is the lack of ethics, according to the prelate, which is the problem. I ask you, what is wrong with the head of a Church urging that we exercise morality in our commercial dealings? Nothing. It was an eminently reasonable argument. Reaction to it does expose the edges of a pervasive, usually hidden, prejudice against Catholicism that exists in many elite circles.