Pope: Market capitalism has failed in pandemic, needs reform

ROME (AP) — Pope Francis says the coronavivrus pandemic had proven that the “magic theories” of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity. Francis laid out his vision for a post-COVID world by uniting the core elements of his social teachings into a new encyclical. The document, “Fratelli Tutti” (Brothers All), was released Sunday on the feast of his namesake, the peace-loving St. Francis of A