Since the Pope's death last week, I have been reading quite a bit in the press about his life and accomplishments. I just saw this article about President Bush recently praising the Pope's stance against communism throughout his lifetime. He did play a somewhat significant role in the dismantling of communism in Eastern Europe and Russia. It is interesting to note that while the Pope was dedicated to preaching about the evils of communism, he was equally vocal about the corruption of capitalism-- stating that communism and capitalism are "flipsides of the same coin". He often would make the plea to the United States to lower our standard of living and give our surplus to needier nations.
I respect the Pope's works, beliefs, and opinions; however, on this matter, I really couldn't disagree more. With communism, the people are oppressed, forced, and constrained (at least the way we've seen it established), but with capitalism, there is prosperity, progression, and competition in a free market. Naturally, as a business student, I would take this position, but I just wanted to raise the issue to see what others thought about the Pope's view on the relationship of these two very different economic systems.