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Scunnered

Unbridled Capitalism Is The 'dung Of The Devil'

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From the Guardian

Pope Francis has urged the downtrodden to change the world economic order, denouncing a new colonialism by agencies that impose austerity programs and calling for the poor to have the sacred rights of labor, lodging and land.

In one of the longest, most passionate and sweeping speeches of his pontificate, the Argentine-born pope used his visit to Bolivia to ask forgiveness for the sins committed by the Roman Catholic church in its treatment of native Americans during what he called the so-called conquest of America.

...

Quoting a fourth century bishop, he called the unfettered pursuit of money the dung of the devil, and said poor countries should not be reduced to being providers of raw material and cheap labour for developed countries.

...

http://www.theguardian.com/world/2015/jul/10/poor-must-change-new-colonialism-of-economic-order-says-pope-francis

I wonder how he feels about BTL?

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Agencies? Capitalism?

Theres a conflict for starters. Why would capitalism have government agencies?

Poor countries are the providers of cheap labour because of minimum wages, environmental, health and safety and other regulations in rich countries...hardly the fault of capitalism.

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Hypocritical nonsense coming from an institution that hoards wealth like some venal Tolkienesque dragon, all in the name of helping the poor of course:

http://www.ibtimes.co.uk/how-rich-vatican-so-wealthy-it-can-stumble-across-millions-euros-just-tucked-away-1478219

"What we do know is that Vatican Bank, officially titled the Institute for the Works of Religion, manages €5.9bn ($7.3bn, £4.64bn) of assets on behalf of its 17,400 customers. And it manages €700m of equity which it owns. Another titbit to emerge is that it keeps gold reserves worth over $20m with the US Federal Reserve."

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he has a lot more foregiveness to beg for ,for stealing/defrauding from those up here he considered heretic and dishing out freebies to his mates from the proceeds.

the mad mullahs may yet be poetic justice,because they follow the same doctrine on steroids,and have no particular interest in filthy lucre.

he is going to regret getting on the wrong side of the reformers.(symbolism says so...the incident with the doves completely nails who he is)..it ain't a mystery anymore.

now WHO are we??

US and UK already know.....the yanks leadership response to 9/11 is one sign

the message on the number 30 bus from 7/7 is the UK's.

Edited by oracle

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..I wonder if he ever learned the facts of life and speaking from such a shady perch and an institution which embraced it's own Banking and power, he needs to be more aware of his green house.... :rolleyes:

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Well, he's from South America, what do you expect. And from a country which 100 years ago was the richest country on earth, since turned into a repeated basket case due to it's citizens addiction to banananomics.

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Of course if only we had unfettered capitalism we would all be rich. Lets have some more de-regulation, more debt, lower wages, more speculation on house prices, the top 80 wealthiest individuals owning all of the planet instead of just a paltry half of it - then we can see how well it works...

Part of the problem is that we don't really exist in a pure capitalist market. What we have now is even worse. Austerity for the masses and socialism for the rich. Bank bailouts have no place in capitalism. The banks should have gone bust through moral hazard. Instead the bailouts have distorted the market with asset price inflation. Banks have been allowed to create far too much debt and instead of writing that debt off where it was created againt worthless assets, we have allowed the creditors to print money to cover their losses. We are now destroying the productive economy to pay back debt that should never have been created.

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Of course if only we had unfettered capitalism we would all be rich. Lets have some more de-regulation, more debt, lower wages, more speculation on house prices, the top 80 wealthiest individuals owning all of the planet instead of just a paltry half of it - then we can see how well it works...

Part of the problem is that we don't really exist in a pure capitalist market. What we have now is even worse. Austerity for the masses and socialism for the rich. Bank bailouts have no place in capitalism. The banks should have gone bust through moral hazard. Instead the bailouts have distorted the market with asset price inflation. Banks have been allowed to create far too much debt and instead of writing that debt off where it was created againt worthless assets, we have allowed the creditors to print money to cover their losses. We are now destroying the productive economy to pay back debt that should never have been created.

Sounds about right. ;)

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I went to the Catholic communion of my nephew a few weeks ago. I thought I would actually read what was written in the paperwork that everyone was happily reading/singing.

I was pretty shocked when I read the paragraphs about "believe what we say, we will kill anyone that disagrees with us".

Sounded like ISIS but with better clothes.

I assume this stuff propogates since people that believe it seem to breed faster than those who don't.

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I went to the Catholic communion of my nephew a few weeks ago. I thought I would actually read what was written in the paperwork that everyone was happily reading/singing.

I was pretty shocked when I read the paragraphs about "believe what we say, we will kill anyone that disagrees with us".

Sounded like ISIS but with better clothes.

I assume this stuff propagates since people that believe it seem to breed faster than those who don't.

That scary, it needs reporting to some anti hate speech / anti terrorist / anti fundamentalist religious org.

Its a fundamental right in a civilised society to disagree with someone, without fear of reprisal

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