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Portfolio > Economy & Markets > Economic Trends

Pope Francis condemns global ‘cult of money’

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In a speech to ambassadors to the Vatican on Thursday, Pope Francis called on political and economic leaders of the world to be mindful of what he called free-market ideologies that create “virtual tyranny.” Although he was urging the rich to help the most destitute, his message will most likely resonate with a middle class around the globe that are fed up with the damaging result of unbridled capitalism.