The Pope’s Favorite Straw Man: “Individualism”

“The Pope has also repeatedly suggested that he believes financial markets are essentially unregulated and that many of the the world’s regimes are laissez-faire minimalist states. Obviously, such claims can easily be shown to be empirically false. The financial sector is one of the most heavily regulated worldwide, and the governments in the richest countries in the world — the United States included — spend approximately one-fifth of total GDP on government welfare programs alone. Indeed, when it comes to government spending on health care — not private spending, mind you — the United States — that supposed bastion of “free-market” thinking — is the fourth highest in the world.”

The Pope’s Favorite Straw Man: “Individualism”