eh, it is based upon what you are going for. it was a very mixed encyclical, like you would have some good sections that could make a free marketer happy, then there were some sections that a socialist could root for. Then there is the whole "world government with teeth" which many people around here cynically say proof of the New World Order, Roswell, aliens, (insert conspiracy theory here). I cannot fathom how the pope thinks, but I think when he says something like that, it shouldn't be necessary a political world government per se. If you think what is the biggest problem in developing countries, it is largely two things you have rampant corruption and an unfree economy (due to the corruption and also from lack of infrastructure). In some ways, I think the Pope is trying to say that instead of pouring money into holes, go out there and help build the roads that will bring products to various markets, fight back against corruption (even though the UN itself is largely the root of it, something hinted at in the Encyclical).
I am just curious to see who was the team that wrote it and where they were from, like my spider senses tell me that a least one Jesuit had his hand on it. The document itself was supposed to be released last year but was delayed, which tells me it underwent many drafts and discussions and debates. I think the best parts of the encyclical was about integral human development, and while some of the material slants a little leftward, I think because you have a lot of ancients in there, that are so closed to the ideas of free markets, trade liberalization, etc. I think BXVI is a bit more open to free markets, I remember he wrote something back in the 80's to that effect, much more so than his precedessor. BXVI often talks about excessive consumerism, and I agree that it is a problem, as it is just an idol. you can have capitalism and free markets without being excessive consumers, I think that culture plays an important role in preventing consumerism, however our youths are losing culture quickly due to multiculturalism and also just voluntary migrations (where it is just a single person living in a city away from their hometown and roots). that is just my 1.4 cents
A fishy to you for your economic analysis.