Vatican City, Sep 30, 2020 / 06:00 am (CNA).- Pope Francis called Wednesday for a new economic model to help rebuild the world after the coronavirus pandemic. 

In his general audience address in the San Damaso Courtyard, within the Vatican’s apostolic palace, Sept. 30, the pope criticized “trickle-down theory,” which proposes that tax breaks for high-earners will ultimately yield economic benefits for the rest of society.

He said: “And certainly we cannot expect the economic model that underlies unfair and unsustainable development to solve our problems. It has not and will not, because it cannot do so, even though some false prophets continue to promise the ‘trickle-down’ that never comes.” 

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