Faculty News
Professor Richard Sylla responds to the pope's criticism of capitalism
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Excerpt from PBS NewsHour -- "No, capitalism is not the culprit [for poverty]. Capitalism, when it’s allowed to do its work, some of us would say work its magic, it has a tremendous ability to raise living levels for the people who live under that system. That doesn’t mean it’s perfect, but I think to sort of say that capitalism is the problem, let’s get rid of it, as the pope may be hinting, is to throw the baby out with the bathwater."
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