Posted on 12/12/2008 11:18:40 AM PST by GonzoII
In a stinging analysis of the current turmoil in the word's financial markets, the Pope writes that the international economy is "experiencing the negative repercussions of a system of financial dealings-- both national and global-- based upon very short-term thinking, which aims at increasing the value of financial operations and concentrates on the technical management of various forms of risk." He argues that much of the financial world has been "completely turned in on itself, lacking any long-term consideration of the common good." That approach, he said, "becomes dangerous for everyone, even for those who benefit when the markets perform well."
(Excerpt) Read more at catholicculture.org ...
Where's his condemnation of the government fraud which created this mess?
I’m a lifelong Catholic....but the Holy Father needs to keep his nose out of and his mouth shut about economic matters he has no understanding of.
To quote Gregory Peck in “Twelve O’Clock High”:
“Chaplain Twombley, let me remind you that your business is sin - in the future you will restrict yourself to that theater of operations. Is that understood?”
Ahem. Yes. Perhaps you should read his 1985 paper on the deterministic folly of socialism and the requirement for morality in the free market.
Something tells me you should have dictionary handy when you do.
Ah, another expert. See post # 4.
The Pope has more financial acumen than Pelosi, Frank, and Reid combined.
Having viewed your FR page, and seen the pictures you invested precious time of your life to post there for gawdknows what reason, and having noticed your registration date, it is much clearer to me why you consider yourself fit to dictate what the Pope should and should not talk about.
Once we elected a person with no knowledge or experience in anything of significance, we pretty much gave everyone in the world permission to opine on issues of politics and economy.
Believe me, this man is no fool."
This is from 1985:
Market Economy and Ethics By Joseph Cardinal Ratzinger 2 (Holy Father Prophecy?)
The Pope should stay away from economics and markets. I guess next we can expect him to ban usury again.
You mean the one covered in this thread?
The Pope predicted economic Armageddon back in 1985
This reminds one of Max Weber's thesis about the inner connection between capitalism and Calvinism, between the formation of the economic order and the determining religious idea. Marx's notion seems to be almost inverted: it is not the economy that produces religious notions, but the fundamental religious orientation that decides which economic system can develop. The notion that only Protestantism can bring forth a free economy — whereas Catholicism includes no corresponding education to freedom and to the self-discipline necessary to it, favoring authoritarian systems instead — is doubtless even today still very widespread, and much in recent history seems to speak for it.Related thread: Book review: The Protestant Ethic and the Spirit of Capitalism, by Max Weber
- Joseph Cardinal Ratzinger, Market Economy and Ethics, 1985
The FR fifth column has been pinged, I see.
And a pretty bright bunch, at that.
Bwahhahahahahahahah!
What the Pope understands is that capitalism thrives within a social fabric of strong moral values. Just read the letters by America’s founders and one sees a strong link between a strong Christian moral belief and free markets. The two concepts go hand in hand which is why liberals neither comprehend capitalism nor agree with Christian morality.
Observe the caliber of the responses to this thread. It is less than moronic. It is dimmer than ignorant. It's beyond foolish.
I observe on other threads the absolute dominance of "America is doomed!" commentary on any and every subject whatsoever.
Anti-America, anti-Catholic, and, surely, anti-Israel.
I hope the mods are paying attention -- FR has been infested with the enemy's shills.
That seems to describe the majority of posters on this thread.
The Pope should stick to theology.
“The Pope should stick to theology.”
—
See post #11.
Agreed. Disappointing.
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