Readers will remember that, in Evangelii Gaudium, Pope Francis developed a scathing critique of trickle-down economics and of the existing economy of inequality and exclusion.
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? This is a case of exclusion. Can we continue to stand by when food is thrown away while people are starving? This is a case of inequality. Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless. As a consequence, masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape.
But, in that exhortation, the pope didn’t really address the issue of alternatives to contemporary capitalism. Now, he has—in the form of cooperatives.
In a recent audience [ht: db] with members of the Confederazione Cooperative Italiane,* Francis offered a practical alternative to the “throw-away culture created by the powers that control the economic and financial policies of the globalized world”: to establish new cooperatives and to strengthen existing cooperatives.
he spoke of the economy and its relationship with social justice and human dignity. Speaking of the need to “globalize solidarity,” he urged the confederation to bring co-operatives to the “existential peripheries” and to continue to be “prophetic” by “inventing new forms of co-operation.”
The Pope spoke of “a certain liberalism,” which “believes it is first necessary to produce wealth—and it does not matter how—to then promote some state redistribution policy.”
Others think it is up to a company to “bestow the crumbs of accumulated wealth” to those in need to then, in turn, “absolve themselves” of “their so-called ‘social responsibility’,” the Pope said.
“You run the risk of deluding yourself that you are doing good while, unfortunately, you continue only to do marketing,” without ever escaping the “fatal loop” of egoism, “which has the god of money at the centre,” he said.
Instead, the co-operative creates a “new type of economy” that allows “people to grow in all their potential,” socially and professionally, as well as in responsibility, hope and co-operation, he said. The Pope clarified that while he was not saying income growth is not important, it certainly “is not enough.”
*The Confederation of Italian Cooperatives is one of three cooperative organizations in Italy (the other two being the Associazione Generale Cooperative Italiane and the Federazione Nazionale delle Cooperative). Catholic-inspired cooperatives were originally part of the Federazione, which was founded in 1886, but then then they left to form a separate organization in 1919. In the 1920s, the fascist government opposed all cooperatives and cooperative unions and the various cooperative organizations at the time were disbanded. After World War II, the cooperative organizations were formed once again.