OPINION

Capitalism not a cause of poverty

News, Ricardo Hausmann, Published on 24/08/2015

» Capitalism gets blamed for many things nowadays: poverty, inequality, unemployment, even global warming. As Pope Francis said in a recent speech in Bolivia: "This system is by now intolerable: farm workers find it intolerable, labourers find it intolerable, communities find it intolerable, peoples find it intolerable. The earth itself -- our sister, Mother Earth, as Saint Francis would say -- also finds it intolerable."