In Defence of Capitalism: Consumption is good for you and me

In his 2015 encyclical “Laudato si”, a blazing indictment of capitalism, Pope Francis proclaimed: “Since the market tends to promote extreme consumerism in an effort to sell its products, people can easily get caught up in a whirlwind of needless buying and spending. Compulsive consumerism is one example of how the techno-economic paradigm affects individuals”. [...]