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Pope Francis and economy

Wednesday, September 23, 2015 - 01:17

Pope Francis brings strong economic message to the White House. Fred Katayama reports.

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Pope Francis didn't shy away from economic issues in his speech before President Obama at the White House. (SOUNDBITE) POPE FRANCIS (ENGLISH) SAYING: "Climate change is a problem which can no longer be left to a future generation. When it comes to the care of our "common home", we are living at a critical moment of history." He often criticizes what he sees as the excesses of capitalism, pointing to the damage caused to the environment and the poor. He's known for attacking what he calls "an economy of exclusion and inequality" and "a financial system which rules rather than serves." He believes the world hasn't learned from the 2008 financial crisis. The Pope's criticism of capitalism comes with solutions, says Nathan Schneider, visiting assistant professor at the University of Colorado-Boulder. (SOUNDBITE) NATHAN SCHNEIDER, VISITING ASSISTANT PROFESSOR, UNIVERSITY OF COLORADO-BOULDER (ENGLISH) SAYING: "He really emphasizes the role of grass-roots social movements in leading the kind of change that we need. Another thing is that, he talks a lot in a number of places over the course of his time as Pope about the role of cooperative economics, a way of doing business in which customers and workers have a democratic say in how the business is run." On Thursday, Francis will become the first pope to address Congress. He'll then take his message to the capital of finance, New York.

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Pope Francis and economy

Wednesday, September 23, 2015 - 01:17