Wanted to share an article from U.S. Catholic with you. Let me know what you think. The Rev. Martin Schlag is a trained economist as well as a Catholic moral theologian, and when he first read some of Pope Francis’ powerful critiques of the current free market system he had the same thought a lot of Americans did: “Just horrible.”
But at a meeting in May, Schlag, an Austrian-born priest who teaches economics at an Opus Dei-run university in Rome, reassured a group of Catholics, many from the world of business and finance, that Francis’ views on capitalism aren’t actually as bad as he feared.
“You can get the impression that the pope is against capitalism,” said Schlag, who heads the Markets, Culture and Ethics Research Centre at the Pontifical University of the Holy Cross, located near the Vatican.
But he explained that what Francis—the first Latin American pope—understands as capitalism is in fact the “crony capitalism” that is found in the pontiff’s native Argentina and much of Latin America. Schlag defined “crony capitalism” as “a form of capitalism where people get rich not because of their work but because of their friendships and political connections and the privileges they have.”
That is quite different from the American system, he said. “Does the pope understand the United States? I think he doesn’t know the United States,” said Schlag, who is also an adviser to the Vatican department that deals with social and economic issues.
Schlag said he believes that the pontiff’s Sept. 22–27 visit to the U.S., his first to the country, will be an opportunity for Francis to learn more about America and to appreciate the positive aspects of what Schlag said is the most successful economy in history.
The release of the Dicastery for the Doctrine of the Faith’s note, Mater Populi Fidelis , on November 4, 2025, seems to have sparked some immediate and widespread confusion, driven largely by sensationalist headlines from secular sources. In response to requests, particularly surrounding a potential Fifth Marian Dogma of Spiritual Maternity , the DDF addressed the usage of titles like Co-redemptrix and Mediatrix. Unfortunately, this has led to a large contingent online and in the media claiming that the Church has "tossed out" centuries of doctrine, with some outside the Church even proclaiming a "victory" over Catholic teaching (This may be the saddest part of it all, that we as Christians, are "competing" with each other). It is essential to understand that this doctrinal note is fundamentally about titles and clarity, not doctrine and change according to the Vatican News. The true teachings regarding Mary's unique role in salvation remain inviolabl...