“The new capitalism, through the idea of ‘meritocracy,’ gives moral cover to inequality,” Pope Francis said. “It sees the talents of people not as a gift but a ‘merit,’ determining a system of advantages and disadvantages.”
He argued that the ideology of a ‘meritocracy’ also colors the way we see the poor.
“A second consequences [of a ‘meritocracy’] is a change in the culture of poverty,” he said. “The poor person is considered to not have merit, and therefore to be guilty. They’re dishonored."
Francis said. “A speculator is a figure similar to what Jesus in the gospels called “money-changers” as opposed to pastors. He doesn’t love his company or his workers, but they’re solely a means for making profits. He fires people, relocates the company, because it’s instrumentalized and eats up people and products.”
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