Vatican Calls For An End to Capitalism

Discussion in 'Economy' started by expat_panama, Oct 31, 2011.

  1. expat_panama
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    expat_panama Silver Member

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    Adding a spiritual dimension to the incoherent war on capitalism rapidly spreading across Europe and America, the Pontifical Council for Justice and Peace, an official Vatican body, last week published a sweeping scholarly tome calling for the end of capitalism, individualism, free markets, and national sovereignty. Sound far-fetched? Consider what the proposal would entail.

    Under the Council's proposal, the fiscal and monetary authorities of all nations of the world, as well as that of all financial institutions both public and private, are to be gradually subjugated under a supranational public authority with universal jurisdiction. This is to be financed by a global central bank empowered to collect a tax on all financial transactions. This bank would regulate all monetary exchange while also having the authority to promote global development and sustainability according to the principles of social justice and solidarity. It could also contribute to the creation of a world reserve fund to support the economies of countries hit by crisis.

    [snip]

    But perhaps it is unfair to criticize the messenger and, instead, analysts should focus on a careful deconstruction of the message itself. Stripping out the intellectual semantic packaging, the essential concept of the Vatican's proposal is that the means of production are to remain in private hands but the objectives to which that production is put, the capital allocated to enable it, and the wealth that is created from it are to be directed by a central authority.

    In truth, this is not communism. It is fascism.

    [snip]

    While it is certainly not my intention to embarrass my many Catholic friends, they may want to use whatever means the laity has at its disposal to communicate with the ecclesiastical authorities, suggesting that they reexamine this piece of work. Either that or let it quietly disappear into the obscurity it so richly deserves.

    Excerpt. Read more at RealClearMarkets
     
  2. editec
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    editec Mr. Forgot-it-All

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    Basically they are calling for a new and world wide imposed SOCIAL CONTRACT.


    WEll, that is going to happen in this century assuming we don't destroy civilization and the planet getting to that point.

    But that change in social contract is inevitable.

    Why?
    Not for any moral reasons, or political reasons either.

    The social contract is going to change because it is going to have to change.

    AS our technology is radically changing everything about the way the world works, the sopcial systems we have depended on to give us the world we have today, will cease working in any kind of efficient way.


    I don't predict any kind of UTOPIPA, from those changes, but assuming that our technology doesn't turn around and bite us on the ass?

    Something approaching a UTOPIA or DIStopia are certainly possible.

    We might EVER be on approaching that event horizon where human beings change the human genome in ways that we can bearly even imagine.

    If we take charge of the human genome (and I suspect we will) then attempting to predict how THAT will play out is pure folly.

    Brave New World?

    Yeah it could be like that for a while, but I doubt it.

    That book imposed the value system of the mid 20th century on the story line where mankind controlled the genome.

    But the value system of the past is not going to be the value system of the brave new world our children are going to live in.

    Interesting, terrifying, amazingly hopeful times are ahead, folks.
     
  3. Dragon
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    Dragon Senior Member

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    The title of this thread is absurd hyperbole. The Pope was calling for a reining-in of capitalist excess and a tempering of greed so that the economy becomes humane. To call this "the end of capitalism" is ridiculous.
     
  4. Toro
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    Toro Diamond Member

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    That's so stupid, I find it hard to believe it's true.

    I hate when churches start talking about economics.
     
  5. expat_panama
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    expat_panama Silver Member

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    Politics, religion, and making money --three things polite people don't talk about at family gatherings. They're also the three most important fields of human endeavor. Each group thinks it's the most important and is always trying to control the other two.

    Government, church, and business. It's up to us to listen to all three while keeping them all on a short leash.
     
  6. Dragon
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    Dragon Senior Member

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    You do realize that except for government, there is nothing that can keep business "on a short leash"? And if you believe government should do that, how is your view any different from that of the Pope?
     
  7. Skull Pilot
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    Skull Pilot Platinum Member

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    So basically the church is literally calling for all people to be sheep.

    Line up in the pen and let your shepherds provide for all your needs that is until they slaughter you for Easter dinner.
     
  8. expat_panama
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    expat_panama Silver Member

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    Imagine that business leaders called for an end of religious excesses and a tempering of pompous self-righteousness so that religion becomes more realistic.

    The headline would be "CEOs call for an end of God".
     
  9. expat_panama
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    expat_panama Silver Member

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    Most people are good. They obey laws and they try their best to do right. These are the people I work with in the business community and it's a characteristic confirmed by research. I can accept you have a view that's based on your experiences where you and yours handle money like cut-throats, but a broader look tells us that fortunately your attitude is the exception.
     
  10. Dragon
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    Dragon Senior Member

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    And that would also be absurd hyperbole. And I would say as much.

    EDIT: I would also agree with the business leaders, just as in this case I agree with the Pope.
     
    Last edited: Oct 31, 2011

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