You have fallen prey, my freeper friend, for msm spin.
Benedict XVI explains gifts and limitations of free market economy
I would suggest you actually read the encyclical, at the link provided in the article.
So, is there no discussion of a global economic authority? I didn’t see any in the link provided (which I read).
That's a shocking new turn. It's headline news no matter how you spin it, how you interpret it, or how much you deny it. And it's a sharp departure from the Encyclicals of John Paul II.
George Weigel is trying to blame the whole thing on some shady group call "The Pontifical Council for Justice and Peace." That's nuts. Since when don't Popes have ultimate authority and ultimate responsibility for each and every word in an Encyclical?