Home
/
RELIGION & LIBERTY ONLINE
/
An Economics Ode to Joy
An Economics Ode to Joy
Jan 13, 2026 3:11 PM

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
Roadmap Out Of The Nihilistic Void
In a gutsy, thoughtful article attheAmerican Thinker , Danusha V. Goska describes her intellectual journey from a family of card-carrying Communists to discovering she wanted to spend time with people “building, cultivating, and establishing, something that they loved.” There’s a lot to mull over in Goska’s piece, but it was her discovery of a moral and religious framework that struck me. Rather than a “nihilistic void” that had been her life, Goska encountered people whose faith informed their actions in...
Audio: Elise Hilton on The Manufactured Border Crisis
Elise Hilton has been writing a good deal lately about our manufactured border crisis, and last week Al Kresta, host of Kresta in the Afternoon on the Ave Maria Radio Network, asked Elise to join him on his show to discuss the human tide currently engulfing the southern border of the United States. They discuss the response – or lack thereof – of the Obama Administration to the crisis, the underlying causes of the problem, and how the failures of...
The Idle Rich
Over at his blog, Peter Boettke writes, “The idle rich are never really idle in a free market economy.” Now while we might want to distinguish between the rich and their riches, could it be that even in their consumption, conspicuous or otherwise, the rich are contributing to a rising tide that lifts all boats? Wesley Gant makes that related case over at Values & Capitalism: “Is It Possible to Waste Money?” Gant seems to conclude that it isn’t possible...
Watch ‘The Economy of Love’ for FREE on Flannel (Today Only)
For today and today only, you can watch Episode 2 of For the Life of the World: Letters to the Exiles for FREE over at Flannel.org. Produced by the Acton Institute and spread across seven episodes, the series seeks to examine the bigger picture of Christianity’s role in culture, society, and the world. Episode 2 focuses specifically on the Economy of Love, and the grand mystery we find therein. As host Evan Koons concludes: “Family is the first and foundational...
The Economics Of Sex
Economics, at first glance, doesn’t seem very…well…sexy. It’s all about numbers, right? How the stock market is doing, how much people are willing to spend on stuff they need or want, whether or not people have jobs. That’s economics, right? As the Rev. Robert Sirico is fond of saying, economics is fundamentally about human action. If this is true, then economics applies to sexual activity as well. In the following video (from the Austin Institute), today’s sexual landscape is examined...
Explainer: The Obamacare Subsidies Ruling (Halbig v. Burwell)
What just happened with Obamacare? In a two-to-one decision, the U.S. Court of Appeals for the District of Columbia Circuit dealt a serious blow to Obamacare by ruling the government may not provide subsidies to encourage people to buy health insurance on the new marketplaces run by the federal government. What did the court decide? Section 36B of the Internal Revenue Code, enacted as part of the Patient Protection and Affordable Care Act (Obamacare) makes tax credits available as a...
Religion & Liberty: An Interview with Uwe Siemon-Netto
Next year will mark the 40th anniversary of the Fall of Saigon and the end of America’s involvement in Vietnam. Uwe Siemon-Netto, a German, and former journalist for United Press International, covered much of the conflict in Vietnam. He has a new and excellent book titled, Triumph of the Absurd: A Reporter’s Love for the Abandoned People of Vietnam. Siemon-Netto is a Lutheran theologian and his extensive background in journalism and theology gives him tremendous credibility in discussing today’s media...
Who Pays for Detroit’s Water?
As I was poring over the morning news the other day, it seemed to me that every few days there is another water crisis somewhere; whether it’s California’s drought, or more recently the controversial decision in which the Detroit panies shut off the water supply to over 15,000 customers. But are we really looking at water regulation, appropriation, and the morality of shutting water off in the correct light? Let’s start with some of the basics: Water is essential for...
Skirting The Law: Five U.S. Territories Now Exempt From Obamacare
Last week was a busy one, news-wise, and this may have slipped by you. Suddenly, 4.5 million people in the 5 U.S. territories (American Somoa, Guam, Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands) are now exempt from Obamacare. Just like that. What’s the story? Obamacare costs too darn much, and insurance providers were fleeing the U.S. territories, leaving many without insurance or at least affordable insurance. These territories have spent the last two years begging to get...
For the Good of Mankind, Side With the Consumer
Should we always take the side of the individual consumer? That’s the question Rod Dreher asks in a recent post on “Amazon and the Cost of Consumerism.” It’s a good question, one that people have been asking for centuries. The best answer that has been provided—as is usually the case when es to economic questions—was provided by the nineteenth-century French journalist Frédéric Bastiat. Bastiat argues, rather brilliantly, that, consumption is the great end and purpose of political economy; that good...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved