Capitalism and its core institutions—private-property rights and economic freedom—are enablers of philanthropy, not its enemies. In contrast, the government-coerced redistribution often favored by Pope Francis slows economic growth and undermines effective charitable giving.
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Lawrence J. McQuillan is Senior Fellow at the Independent Institute, Director of Independent’s Center on Entrepreneurial Innovation, and author of the Independent book, California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis.
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Hayeon Carol Park is a senior policy analyst at the Maryland Public Policy Institute in Rockville, Maryland.
