Saint Thomas Aquinas

Monday, October 24, 2011

The Vatican and Economics

We have a new statement by the Vatican on world economics. Is this the Pope's idea, or the Vatican pontifical council's idea?

A Vatican document called for the gradual creation of a world political authority with broad powers to regulate financial markets and rein in the "inequalities and distortions of capitalist development."

The document said the current global financial crisis has revealed "selfishness, collective greed and the hoarding of goods on a great scale." A supranational authority, it said, is needed to place the common good at the center of international economic activity.

The 41-page text was titled, "Toward Reforming the International Financial and Monetary Systems in the Context of Global Public Authority." Prepared by the Pontifical Council for Justice and Peace, it was released Oct. 24 in several languages, including a provisional translation in English.
(Full article here)


6 comments:

scotju said...

Whether it was the Pope's idea or the council's idea, one thing is for certain; it was a dumb idea! We do not need a world bank. It would be used as a tool of the stronger nations of the world to prey on the weaker ones. And did the brain-boys at J&P give any thought as to what political ideology would control the bank? I'll bet they didn't! And I find the announcement of this document right at the time all these protests on Wall St., and the riots overseas are taking place to be just a little suspicious. IMHO, the Holy Father needs to do some independant reading and research on economics and get rid of these idiots who are giving him sch bad advice!

Adrienne said...

You need to Google Father Reese.

Matthew Bellisario said...

Oh, I know all about him. He is as far out as they go. The point is, the Vatican doe nothing to make sure that the kind of crap is kept out of the public sphere.

Matthew Bellisario said...

In fact, we all should be asking ourselves why priests like Father Reese are allowed to continue making public statements representing the Church.

scotju said...

I did Adrienne, he just another flamin' liberal who believes in socialistic fantasies. No wonder he was 'asked' to leave America magazine!

Neil Parille said...

Even if one believes in the economics that is reflected in this paper, shouldn't a catholic have pause about giving so much power to a centralized, secular bank?