From Forbes
By Tim Worstall
Pope Francis
has told us all that we’re really very naughty indeed to allow food to
become a product like any other, a product in which people can speculate
and profit. Which leads to a rather sad observation about Il Papa‘s
understanding of basic economics: he doesn’t, essentially, he doesn’t
understand basic economics. It is indeed an outrage that there are still
800 million or more of our fellow human beings who are malnourished.
Appalling that while the world grows the calories to feed all not all
get fed. But once we’ve noted those points, decided (as we damn well
should) to do something about them, the interesting question becomes,
well, what? At which point we might note that it’s the places with well
functioning markets, subject to all that horrible speculation and profit
making, that have the people who are not malnourished and not starving.
Something Pope Francis might have considered before he said this: 
