Home
/
RELIGION & LIBERTY ONLINE
/
An Economics Ode to Joy
An Economics Ode to Joy
Jan 9, 2026 1:11 AM

In the weeks since the June 18 release of Laudato Si, the discussion has bifurcated into the realms of prosaic, progressive pantheistic pronouncements that Earth requires tender ministrations post haste on one hand. On the other hand, there are those who assert the encyclical gets it right on the value of protecting human life but miserably wrong when Pope Francis identifies free-market economics as greed’s handmaiden intent on destroying the planet for a quick buck.

Never mind whether you ascribe to theories declaring human activity is causing catastrophic climate change or remain skeptical, your writer is joined by many who stress His Holiness is mistaken on economic matters. I and others such as National Review recognize progressives conveniently ignore whole portions of Laudato Si on human life grounded in Roman Catholic doctrine while embracing Pope Francis’ speculation that pursuit of wealth is akin to the “dung of the devil.”

There is an undeniable majesty to the papacy, one that is politically useful to the Left from time to time. The same Western liberals who abominate the Catholic Church as an atavistic relic of superstitious times and regard its teachings on sexuality as inhumane are celebrating Pope Francis’s global warming encyclical, Laudato Si, as a moral mandate for their cause. So much for that seamless garment.

Pope Francis’ “characteristic line of thought,” writes National Review in its July 20 issue:

[C]ombines an admirable and proper concern for the condition of the world’s poor with a crude and backward understanding of economics and politics both. Any number of straw men go up in flames in this rhetorical auto-da-fe, as the pope frames his concern in tendentious economic terms: “By itself, the market cannot guarantee integral human development and social inclusion.” We are familiar with no free-market thinker, even the most extreme, who believes that “by itself, the market can guarantee integral human development.”

There are any number of players in social life – the family, civil society, the large and durable institution of which the pope is the chief executive – that contribute to human flourishing. The pope is here taking a side in a conflict that, so far as we can tell, does not exist.

Summing up, the editors take issue with Laudato Si’s “neo-Malthusian” message in which Pope Francis “laments ‘technocracy’ and consumption that seems to him ‘extreme.’”

This latter objection strikes us as particularly objectionable: The economic progress of the late 20th century and early 21st century – which is to say, the advance of capitalism – particularly in the areas of agriculture, medicine, and energy, has not so much enabled consumption that is excessive in the rich world as adequate in places such as India and China, where famine, once thought to be a permanent and ordinary part of life, has largely disappeared. This e was made possible not by the political oversight of economic activity that the pope contemplates but by its partial abandonment.

The pope’s stridently anti-development vision would be the opposite of a blessing for the world’s poor. Laudato? No.

To which I can only add, quoting the Beatles, it’s getting better all the time. That song’s once-abusive protagonist makes incremental changes to improve his lot. Similarly, humanity has innovated and prospered to the benefit of a large swath of the Earth’s population. Prior to release of his most recent book, The Conservative Heart, American Enterprise Institute President Arthur Brooks spoke with the Wall Street Journal’s William McGurn last weekend:

When he was a child, Mr. Brooks notes, one of four people lived on less than a dollar a day. Today, though we still have far to go, the advance of trade and a globalized economy has shrunk that figure to one of 20.

The liberation of hundreds of millions from desperate poverty ranks among the greatest success stories in history. But it’s a story that remains largely untold and mostly unheralded. In his new book, The Conservative Heart, Mr. Brooks puts it this way: “Capitalism has saved a couple of billion people and we have treated this miracle like a state secret.”

AEI aims to change that. “We should be shouting it from the rooftops,” he says. “If Beethoven were alive today, he would dedicate the “Ode to Joy” to this miracle. In the very first verse of that poem – which inspired Beethoven’s Ninth Symphony – we hear, ‘Beggars e Princes’ brothers!’ If this is so, it is because of free enterprise.

Critics of free markets, says Brooks, “are limited by materialistic assumptions about wealth and its production.” Does this sound like any recent Vatican resident to readers?

Capitalism, [Brooks] insists, succeeds not because it is based on greed, but because the freedom to trade and do business with others is in harmony with our God-given nature. So he has no patience for those who fear the moral argument.

“We need to know Adam Smith who wrote The Theory of Moral Sentiments as well we do the Adam Smith who wrote The Wealth of Nations,” he says. “Because when you do, you begin to understand we are hardwired for freedom by the same Creator who gave us our inalienable rights.”

Mull that over for a few minutes while you enjoy listening to the glory of Beethoven and the delight of the Beatles. Both capture what the poet William Wordsworth indicated when he wrote the immortal lines in The Prelude: “Bliss was it in that dawn to be alive,/But to be young was very Heaven!” while remembering The Who’s adage: “You can dance while your knowledge is growing.” Why must Pope Francis be so pessimistic when all the empirical facts refute the economic claims he makes in Laudato Si?

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Purple Penguins, Womyn’s Rights, And Semantic Silliness
In 1994, a clever man named James Finn Garner published Politically Correct Bedtime Stories. Garner did fabulous send-ups of familiar stories, with a twist: all of them were carefully constructed so as to offend NO ONE: There once was a young person named Red Riding Hood who lived with her mother on the edge of a large wood. One day her mother asked her to take a basket of fresh fruit and mineral water to her grandmother’s house—not because this...
Freedom, Security, and the iPhone
Writing on September 22 in the Wall Street Journal, Devlin Barret and Danny Yadron reported, Last week, Apple announced that its new operating system for phones would prevent law enforcement from retrieving data stored on a locked phone, such as photos, videos and contacts. A day later, Google reiterated that the next version of its Android mobile-operating system this fall would make it similarly difficult for police or Google to extract such data from suspects’ phones. It’s not just a...
Why American slavery wasn’t capitalist
In his new book, The Half Has Never Been Told: Slavery and the Making of American Capitalism, Edward E. Baptist “offers a radical new interpretation of American history,” through which slavery laid the foundation for and “drove the evolution and modernization of the United States.” In a review of the book for the Wall Street Journal, Fergus M. Bordewich concurs with this central point, noting that “Mississippi…does not have to look like Manchester, England, or Lowell, Mass., to make it...
Reflections on the Passing of Leonard P. Liggio
LiggioAlmost 20 years ago I was invited to speak at the celebratory banquet for the Atlas Economic Research Foundation (now Atlas Network) and the Institute for Humane Studies, then celebrating their 15th and 35th anniversaries respectively. I was an alumnus of both and six years into the launch of the Acton Institute (founded in 1990). Both organizations considered me “successful enough” to reflect at the banquet on how each had influenced my life. It was an undeserved honor, of course,...
Why Are So Many Americans Still on Food Stamps?
When the economy takes a downturn and unemployment rises, more people rely on the social safety net and programs like the recently renamed food stamp program called SNAP (Supplemental Nutrition Assistance Program). As the economy improves and employment increases, people need to rely less on government provided support. At least that’s what used to happen. But something has changed. From 1969 until 2003, SNAP has been very responsive to changes in the unemployment rate. But from 2003 to 2007, the...
Is Money Just a Necessary Evil?
If money didn’t exist, would God have ordained that we invent it? Theologian Wayne Grudem says he would since money is simply a tool for our use that makes voluntary exchanges possible: Money makes voluntary exchanges more fair, less wasteful, and far more extensive. We need money in the world in order for us to be good stewards of the earth and to glorify God through using it wisely. If money were evil in itself, then God would not have...
Why Not Just Hand Over the Sermons?
After hearing the news that the city of Houston had ordered several pastors to submit their sermons for legal review, many people had the same reaction as Brian Lee: “My response? So what? Sermons are public proclamation, aren’t they?” Sermons are indeed proclamations intended for the public, and most pastors would be eager for anyone — including public officials — to hear them. So what is the reason for the current objection? Mollie Hemingway explains that the true “governing authorities”...
Rev. Sirico on the Vatican Synod
In today’s Wall Street Journal, Rev. Robert A. Sirico clears away the media hype surrounding the Vatican Synod on the Family and offers an analysis of its early work. He observes that nothing about the synod “challenges the dogma of the church related to the indissolubility of sacramental marriage, the use of artificial contraception, cohabitation and homosexual acts. What it did was soften the tone of these teachings.” But things got interesting. An early report led critics to say that...
Movies That Define America
Don’t you love lists? Intercollegiate Press does too, and they’ve put together “12 Movies That Defined America.” Feel free to argue, debate, add on, cross off as you wish. Here are just a couple of Intercollegiate Press’ choices: The Birth of a Nation – 1915, silent. The first blockbuster, D. W. Griffith’s Birth of a Nation was both celebrated as a great artistic achievement and denounced as racist for its vicious depiction of African Americans and homage to the KKK....
Ladies: Give Us Your Most Productive Years, We’ll Hold Your Eggs For You
This story has so many things wrong with it, I hardly know where to start. Apple and Facebook have both announced that will now offer egg-freezing – for non-medical purposes – for their employees (which runs at least $10,000, plus a $500 to $800 annual storage fee.) For panies, it means two things. One, there is a demand from their employees for such an offer. Second, panies themselves see some benefit to this. What it sounds like is this: “It’s...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved