There are those who think that Europe’s appalling unemployment problem can be explained by overly rigid labor markets, the spiraling energy costs that greenery has brought in its wake and, of course, the ill-judged introduction of the euro.
Pope Francis has a different explanation:
“What can we say, when faced with the very serious problem of unemployment that affects various European countries?”, he asked. “It is the consequence of an economic system that is no longer able to create work, because it has placed at its centre the idol of money…”
It’s hard to work out what’s worst about that comment, its frivolity, its ignorance or its demagoguery.