Sunday, May 18, 2025

Pope Leo: Poised against Plutocracy?

Poised as the “new Leonine era,” worded as if gilding the proverbial lily as if a golden ring, the installation of Pope Leo XIV reinvigorated Pope Francis’s preachments on the poor and economic inequality because Robert Prevost chose Leo in large part because of Pope Leo XIII of the late nineteenth century, whose “historic encyclical Rerum Novarum, addressed the social question in the context of the first great industrial revolution.”[1] Due to “his choice of pontifical name and his mathematical and legal training, Pope Leo XIV has awakened hope and curiosity among the faithful and the more secular world about the influence the Catholic Church could exert on the economic world during his pontificate.”[2] In the exuberance of a new pontificate, it is easy to get carried away with excitement as to possibilities. Amid Russia’s invasion of Ukraine and Israel’s crime against humanity in Gaza, no one could be blamed for seeking out hope wherever it could be found. Nevertheless, it is important to keep in mind just how marginal the calls of conscience can be, given the onslaught of greed not only in the present day represented by powerful corporate (and related) governmental interests, but also in greed’s institutional accretions built up over time that have a force of their own in protecting the economic (and political) status quo.


The full essay is at "Pope Leo."


1. Sergio Cantone, “How the Pontificate of Pope Leo XIV Could Influence the World Economy,” Euronews.com, May 18, 2025.
2. Ibid.