On certain social issues like abortion, euthanasia, contraception, etc it is well known that the Catholic Church is fairly traditional and conservative on those things. And the Pope has not changed Church doctrine on those things. However on many economic and political issues it would seem Francis would be to the left of most political leaders, including most liberals in an American and Western context. Part of this seems to be his background as a Latin American priest. And part of this is also demonstrated in many of the political leaders he has strong ties with. Some of the Pink Tide leaders in Latin America like Rafael Correa and Evo Morales. Bernie Sanders in America, Naomi Klein, Greta Thunberg and others. Here are some quotes to that lay out some of his views on social, political and economic issues globally:
"The current financial crisis can make us overlook the fact that it originated in a profound human crisis: the denial of the primacy of the human person. We have created new idols. The worship of the ancient golden calf(Ex 32:1-35) has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose"(The Joy of the Gospel, prg 55)
"While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation. Consequently, they reject the right of states, charged with vigilance for the common good, to exercise any form of control. A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its even own laws and rules. Debt and the accumulation of interest also make it difficult for countries to realize the potential of their own economies and keep citizens from enjoying their real purchasing power. To all this we can add widespread corruption and self serving tax evasion, which have taken on worldwide dimensions. The thirst for power and possessions knows no limit. In this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which become the only rule"(The Joy of the Gospel, prg 56)
"The poor and the poorer peoples are accused of violence, yet without equal opportunities, the different forms of aggression
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For all those who don't know, blue chip is considered a financially stable company, in this case we are talking about cryptocurrencies where blue chip is considered to be every coin that has a market capital of over $ 2 billion.
Is that true in practice? I wouldn’t say, and before the coins had over $2 billion in market capital so they did good they are doing good but...
Their prices have dropped and market capital went down. People who invested in ATH waiting for that "forget and earn" burned themselves. Not saying that the projects are dead, but for someone who invested in ATH they could look dead.
So, apart from Bitcoin and Ethereum, what else do you consider a blue chip in cryptocurrencies?
Edit: wrote trillion on second paragraph instead of billion
