According to Matthew Kent, regulatory policy associate at advocacy group Public Citizen’s Congress Watch division, the document released by the Vatican “reflects the growing consensus that strong regulatory measures are the only way to ensure our financial system is guided by ethical principles aimed at advancing the common good.”

He continues: “Pope Francis is aware that rampant, unregulated greed in the markets lies at the heart of global economic inequity. His message is incredibly important and should resonate with all Americans, especially considering the abysmally low ethical standards in the current administration and the climate of hostility to strong public protections,” Kent added.

House Speaker Paul Ryan “dismissed Pope Francis’ understanding of capitalism because – in his words – “the guy is from Argentina”.

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