Pope Francis’ heart is in right place, but he’s wrong about capitalism

Company Man

What he should do is read a book by a fellow South American, Hernando de Soto, a Peruvian who came back from a long stay in Europe, saw how poor Peru is, and wondered why.

He might have knit his brow, come up with a theory, and set about to prove it. Instead, he “made an honest search for the truth with an experiment,” writes publicist and former White House speechwriter Mark W. Davis for U.S. News.

His experiment was to open a business in Lima without bribing anyone. It would be a small garment factory — two sewing machines — which he would register with a government agency as required.

Sure he would, after standing in line and filling out forms for 289 days. It’s how small businesses get started all over the have-not (developing) world — everywhere “a paper jungle.” Which makes it impossible, so they…

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