expat_panama
Gold Member
- Apr 12, 2011
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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
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