Magnifica Humanitas §158

¹⁵⁸ With prophetic spirit, Pope Francis warned against an economic freedom proclaimed in words alone, while actual conditions prevent many from benefiting from it. Economic models that exalt efficiency and individual success often view investment in disadvantaged people or in those with slower development paths as useless or inconvenient, as if their futures depended solely on their ability to keep pace with the “winners.” In reality, a just society requires a vigilant State and civil institutions that are capable of overcoming the singular mentality of efficiency, and of ensuring that resources, creative solutions and regulations favor the most vulnerable. Instead of waiting for the benefits of growth to reach the poor “eventually,” decisions need to be taken to ensure that growth becomes inclusive from the outset. The experience of recent decades shows that in economic and financial crises, it is always the poor who pay the highest price, while the theories that promise automatic general prosperity often prove to be illusory.