The pope is at it again

[lemon_sky88]

(Newser Summary) – All of Pope Benedict XVI's gaffes and controversies have obscured his principal appeal, writes Brian Griffiths in the Times of London: he's a scholar, with an uncommon command of theology and philosophy. For Griffiths, a vice-chairman of Goldman Sachs, the pope's recent encyclical on the economy is "without doubt the most articulate, comprehensive and thoughtful response to the financial crisis that has yet appeared." Unlike John Paul II, who praised free markets after the fall of the Berlin Wall, Benedict says capitalism has forgotten the individual.

Benedict lays out six ways to humanize global capitalism:

1. Reform of global institutions, including the UN, for "the management of globalization."
2. More widespread sources of wealth: not just banks but mutual societies, credit unions, and other new forms.
3. Strengthened trade unions to protect workers in the global market.
4. Greater aid to developing nations to combat the "scandal of inequality."
5. Action on climate change, for economic and religious reasons.
6. Much more attention to the moral consequences of finance. For Benedict, "development is impossible without upright men and women."


—Jason Farago

The change has been present but is now quickly progressing. The time to prepare is now!

2. More widespread sources of wealth: not just banks but mutual societies, credit unions, and other new forms.

Why does this worry me? Maybe we're talking about Vatican owned credit unions and mutual societies?

[lemon_sky88]

1. Reform of global institutions, including the UN, for "the management of globalization."

Globalization = New World Order

[orthodoxymoron]

Base the United Nations, Vatican City, Washington DC, and the City of London on the U.S. Constitution, the Teachings of Jesus, and Sound Money. Do it for the children.

[Humble Janitor]

Darth Sidious...errr..Popeltine runs his mouth and the PTW bow their heads.

[Lorien]

I have never been a big fan of any Pope, and like most feel the Vatican has always been up to no good and is hiding things from the world to continue to keep the cash flowing into the church. However, I must agree that these statements are some of the most intelligent things I have ever heard come from a Pope's mouth.

None if these statements in themselves are insidious or evil when approached from the proper perspective.

Globalization in and of itself is something that we as a planet should be working towards. Having monetary systems and markets that are standard around the world would in fact help economy and equality of wealth, when utilized properly. The problem lies in the fact that the current PTB behind these plans is utilizing it for their own benefit at the expense of everyone else.

More widespread sources of wealth could be any number of things. Personally I think that all resources owned by a certain country, and then sold to another country, should benefit all that live in that country. More accessible profit sharing in companies and bonuses for work done and for work put towards your community would be great as well.

Trade unions utilized properly are a great idea as well. The issue with unions today is that they don't reward those who work hard and motivate people to work harder. Currently they assume that every worker has the right to the same pay and benefits no matter how hard you work, and this has killed the progress and productivity of our society.

Greater aid to nations is also an excellent idea. If we helped raise the standard of living for poorer countries, it would help the planet as a whole raise it's level of consciousness and awareness.

AS far as the action on climate change, again this point can be debated in either direction. Do schemes such as Cap and Trade help? No. However we as a planet to need to stop killing our planet and raping it of its resources, before it's too late. However I'm not too sure how climate has anything to do with religion and that statement confuses me a tad.

And for the last comment, I give that a H*** YES! If everyone working in the finance industry had a proper attitude and looked at how decisions would affect everyone and not just them, the world economy would not be in the place it is.

Originally Posted by lemon_sky88

Benedict lays out six ways to humanize global capitalism:

1. Reform of global institutions, including the UN, for "the management of globalization."
2. More widespread sources of wealth: not just banks but mutual societies, credit unions, and other new forms.
3. Strengthened trade unions to protect workers in the global market.
4. Greater aid to developing nations to combat the "scandal of inequality."
5. Action on climate change, for economic and religious reasons.
6. Much more attention to the moral consequences of finance. For Benedict, "development is impossible without upright men and women."