Pope Francis views on Capitalism debate


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Ken Langone, the billionaire founder of Home Depot, is worried Pope Francis’ recent criticism of the wealthy and capitalism will be a “hurdle” for rich donors.

Langone is heading up an effort to raise $180 million for the restoration of St. Patrick’s Cathedral in New York, and told CNBC that at at least one potential seven-figure donor was “concerned” about the Pope’s remarks. He’s apparently brought the issue up more than once with Cardinal Timothy Dolan, archbishop of New York: “I’ve told the cardinal, ‘Your Eminence, this is one more hurdle I hope we don’t have to deal with. You want to be careful about generalities. Rich people in one country don’t act the same as rich people in another country,’” Langone said, adding that “you get more with honey than with vinegar.”

Neither Langone nor Dolan, who appeared on the network separately, revealed the identity of the donor in question.The statements that have them worried came from Evangelii Gaudium, the first major written statement of Francis’ papacy:

http://thinkprogress.org/economy/2013/12/31/3108901/wealthy-popes-criticism-hurdle/feed/

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