"While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation."
Fordham American Studies and Theology Professor Christiana Z. Peppard, who specializes in ethics, joined Bloomberg TV's Street Smart to discuss the Pope's Evangelii Gaudium and summed up the Pope's position: "He's not Milton Friedman — he's a lot more Karl Marx's economic analysis meets Jesus in the underbelly of 21st century capitalism." Peppard praised the potential of the Pope's exhortation to turn Catholic's toward "the broader swath of Catholic social teaching." See the full interview with Professor Peppard on Bloomberg TV.