The Pope on “the idolatry of money”

BY News Desk  December 1, 2013 at 1:00 PM EST

This year, the Christmas shopping season is already off to a fast start.

The National Retail Federation estimates that Americans will spend about 600 billion dollars during the last two months of 2013, up nearly four percent from last year.

While that’s considered good news for the economy, this past week, Pope Francis issued a wide-ranging document raising new concerns about the excesses of capitalism, consumerism and income inequality.

Father Patrick Ryan, the McGinley Professor of Religion and Society at Fordham University, offers perspective on the change in the Church under new leadership.