Pope Francis issues blistering rebuke of capitalism — and says the coronavirus pandemic proves 'not everything can be resolved by market freedom'
leaders in acknowledging economic frameworks that helped achieve massive financial growth in past centuries are leaving wide swaths of the world's population behind in their wake — many of whom are not reaping the same benefits.
The COVID-19 pandemic, which upended the global economy and brought large swaths of society to a standstill, exposed "a fragmentation that made it more difficult to resolve problems that affect us all," Francis said. It also laid bare various countries' "inability to work together." "Anyone who thinks that the only lesson to be learned was the need to improve what we were already doing, or to refine existing systems and regulations, is denying reality," he wrote.
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