• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026
LeadershipPope Francis

Does Pope Francis hate capitalism?

By
Chris Matthews
Chris Matthews
Down Arrow Button Icon
By
Chris Matthews
Chris Matthews
Down Arrow Button Icon
September 20, 2015, 1:57 PM ET
VATICAN-RELIGION-POPE-ANGELUS
Pope Francis addresses the crowd from the window of the apostolic palace overlooking Saint Peter's square during his Angelus prayer on February 22, 2015 at the Vatican. AFP PHOTO/ TIZIANA FABI (Photo credit should read TIZIANA FABI/AFP/Getty Images)Photograph by Tiziana Fabi — AFP/Getty Images

It’s a credit to Pope Francis’ charisma and hold on the public imagination that American non-Catholics like Rush Limbaugh have spent so much energy dissecting his views on the environment and the economy.

Francis has long had a reputation for the work he has done on behalf of the world’s impoverished. When he ascended to the Papacy, he took the name Francis, after the famous 12th century friend of the poor. But Francis has used unusually colorful language in his exhortations against global poverty and “unfettered capitalism,” which has rankled Americans of a free-market bent. Take for instance, the following passage from a 2013 papal exhortation:

Just as the commandment “Thou shalt not kill” sets a clear limit in order to safeguard the value of human life, today we also have to say “Thou shalt not” to an economy of exclusion and inequality. Such an economy kills. How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?

Such rhetoric would not be out of place at an Occupy Wall Street rally, nor would the following:

The thirst for power and possessions knows no limits. In this system, which tends to devour everything that stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which become the only rule.

It’s unsurprising, then, that commentators like Limbaugh would classify Francis’ ideology as, “pure Marxism.” The Pope has also made a number of Republican presidential candidates uncomfortable with his recent encyclical on the environment, which argues forcefully for immediate and significant action on climate change at a scale that couldn’t be achieved without government intervention and binding treaties.

So, what should we make of this sort of rhetoric? First, Pope Francis has never disavowed the right to private property, nor has he argued for the collective control of the means of production, which at the very least puts him outside the Marxist mainstream. And many high-ranking officials in the church, like Cardinal Timothy Dolan, argue that one can’t focus on a few of the Pope’s more flowery passages and presume to understand the totality of the church’s ideology.

Dolan has written that the “principal focus of Pope Francis’ economic teaching” is “that economic and social activity must be based on the virtues of compassion and generosity.”

Squaring that statement with the fiery rhetoric above might seem like a difficult task for many Americans, but as Brian Porter-Szucs, professor of history at the University of Michigan, has written, that is because Catholic conservatism doesn’t fit neatly into American ideas of what constitutes the right and the left. According to Porter-Szucs:

Many Americans, who tend to associate capitalism with the right and anti-capitalism with the left, are unaware that many of the earliest attacks on laissez faire economics came from conservatives, and that the Catholic Church has been a key player in developing a conservative rebuttal to liberal capitalism.

Catholic conservatives, like Francis, want to conserve harmonious social relations and a Christian understanding of economic justice, just as they want to conserve what the church takes to be traditional family values. Free-market capitalism, in contrast, is all about change: the change that comes when massive retail chains undermine family shops, when agribusinesses destroy small farms, and when financial consultants “downsize” a corporation and wipe out a community’s economic foundation.

In other words, it’s not so much that Francis opposes capitalism or markets as he wishes for people to live a life centered on the teachings of Jesus and the gospels, rather than economic progress and material gain. This, however, doesn’t mean that he will be able to convince American Catholics that free-market fundamentalism is incompatible with their religious beliefs.

Religion means very different things to different people. Even in a hierarchical system like Catholicism, there is room for conflicting interpretations. And Pope Francis may not convince a significant number of American Catholics to change their opinions on the free market. A recent poll of American Catholics by the Associated Press showed that 40% were unaware of Francis’ recent encylical on the environment, which criticizes capitalism and the market in harsh terms, while just 23% of Catholics heard the Pope’s views expressed by their priests at mass.

Meanwhile, a majority of white Catholics lean Republican today, and the overall Catholic vote has been, for years now, trending towards a Republican Party that has only grown more opposed to wealth redistribution. Despite Francis’ eloquence, and the media attention he garners, it’s unlikely he’ll change the opinions of American Catholics any time soon.

About the Author
By Chris Matthews
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

AI can be a ‘secret sauce’ or a way of ‘democratizing mediocrity’—Here’s how business leaders are getting the best of the technology
C-SuiteBrainstorm Tech
AI can be a ‘secret sauce’ or a way of ‘democratizing mediocrity’—Here’s how business leaders are getting the best of the technology
By Amanda GerutJune 12, 2026
6 hours ago
Sven Gerjets, chief technology officer at Gap, speaks on stage on a panel at Fortune Brainstorm Tech 2026.
Future of WorkBrainstorm Tech
Why companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an ‘AI hangover’
By Sebastian HerreraJune 12, 2026
9 hours ago
Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Future of WorkElon Musk
Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI
By Sasha RogelbergJune 12, 2026
11 hours ago
arms
HealthPsychology
You probably think you’re a really open-minded person, but the real thing raises your death anxiety
By Daryl Van Tongeren and The ConversationJune 12, 2026
11 hours ago
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
AIHealth Care Service
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
By Whizy Kim and Tech BrewJune 12, 2026
11 hours ago
Man in a blue shirt gesturing
AIBrainstorm Tech
AOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs
By Amanda GerutJune 12, 2026
12 hours ago

Most Popular

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
By Jim EdwardsJune 12, 2026
19 hours ago
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
4 days ago
Current price of oil as of June 12, 2026
Personal Finance
Current price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
17 hours ago
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
1 day ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
2 days ago
Current price of oil as of June 11, 2026
Personal Finance
Current price of oil as of June 11, 2026
By Joseph HostetlerJune 11, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.