Posted on 06/22/2014 7:45:13 AM PDT by RoosterRedux
The Pope’s latest critique this week was equally unfounded, blaming speculators for high food prices. “The few derive immense wealth from financial speculation while the many are deeply burdened by the consequences,” he said, claiming that “speculation on food prices is a scandal which seriously compromises access to food on the part of the poorest members of our human family”.
*snip*
Those who buy and sell and seek to predict the future perform a crucial and legitimate social function; without them, the economy would lurch from over-supply to under-supply. Markets would be horrendously opaque and illiquid, with some consumers paying far more than others for identical products. When the price of food goes up, it means experts collectively feel demand will rise or supply will fall; thanks to such speculation, market prices are the best possible early warning signal. They allow farmers to plant more of the right kinds of crops, and futures markets allow them to insure themselves against price changes. Speculators who keep getting it wrong go bust.
(Excerpt) Read more at telegraph.co.uk ...
Not this crap again. “Oil speculators don’t affect oil prices” has been debunked quite thoroughly here and elsewhere, so it can’t be ruled out for food prices.
“someone must set the example on the more important things.”
What are you more important things?
Mamon or Spiritual
The Church does not have more importation things on its mind. It has not seen fit to excommunicate the Pelosi.
I'll offer you two examples that immediately come to mind: the late Fr. Stanley Jaki, a theologian and physicist who spent much of his career debunking so many of the myths surrounding the "settled science" of evolution; and Fr. Tadeusz Pacholczyk, one of the top advocates for human life in the Catholic Church (he did his graduate work at Harvard and Yale, and has a PhD. in neuroscience.
And now when I disagree with the Pope's desire to spread the wealth via Marxism, I am called a "Catholic basher."
WTH?
The new pope:
capitalism sucks
islamics aren’t that bad
everyone goes to heaven
Did I miss anything?
So anti capitalism is religion...who would of thunk it
The Pope is a public figure. Millions listen to him. When he makes political speeches it is perfectly reasonable to discuss it on a political chat site.
Sources for your statements, please.
Presbyterians just jumped the shark also, makes one wonder what is going on, with Catholics and Protestants.
There is nothing moral/immoral about prices. They are simply information reflecting the balance between supply and demand. The surest way to guarantee want and deprivation is to mess with prices. That is immoral.
I am a regular practicing Roman Catholic and I am amazed at how many fellow Catholics are completely ignorant on basic business as well as economic laws.
These folks are as unfamiliar with Henry Hazlitt, Milton Friedman or FA Hayek as they are with the Democrat Party (in which they cast their vote) that supports Abortion as well as homosexuality marriage.
To non-Catholics, trust me, their is a cold war simmering in the Catholic Church between the Conservatives and lefties.
Unfortunately the purpose of these posts is to create another thread of Protestant vs. Catholicism. Read my original post to see that is what I meant.
If the regular Catholic bashers and Protestant bashers want to hash it out, they can do so on their own site. However, they are incapable of rational discussion regarding the actual article topic.
That’s not what I posted.
I have an old friend who is a minister and a big Obama supporter.
When I ask him why he wants to raise taxes, he says, "it's charitable."
I respond by asking "what is charitable about taking money that doesn't belong to you and giving it away?"
He just looks at me with that weird look on his face. "Don't you care about the poor, he says?"
Do you see any Catholic bashing on this thread?
I agree Pelosi should be excommunicated for promulgating abortion. That shows the Vatican’s weakness in the face of politics. Jesus didn’t preach economic theory, however, nor advocated any kind of socialism, like liberals often claim. Spreading The Word and doing works of charity should be foremost on the minds of church leaders.
This article is about what this pope stated in his apostolic letter last year. In which he criticizes ‘trickle down economics’, which he stood by, after given a chance to blame translators
I have read the document and I think the author here is correct. And I have to trust that this pep is right for our times, and I disagree with his criticism which is an opinion piece and not subject to infallibility if I am correct
None of this is about renegade nuns who are not in keeping with the church teaching on abortion
But you will be in company here with those who enjoy a good anticatholic pile on
I read your post. You are wrong.
Sure it is.
This tread is about the popes view on capitalism and you go on about religion
If you are bothered ask the admins to move the thread to the religion forum, oh wait it’s not about religion - never mind
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