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The Pope's attack on capitalism shows he knows nothing about how the world really works
telegraph.co.uk ^ | 6/22/2014 | Allister Heath

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 ...


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To: RoosterRedux

Actually, there is a strange absence of that lately. I suspect the Irish septic tank scandal has the usual suspects lying low.


41 posted on 06/22/2014 8:55:35 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: RoosterRedux

To which a good reply would be “not any more”.


42 posted on 06/22/2014 8:56:48 AM PDT by The Toll
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To: DManA

I’m not wrong, you are. There. We can both play your silly game.


43 posted on 06/22/2014 8:57:05 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: goodwithagun

Let me qualify that. You are wrong about this thread.

You are right that there is way too many posts about

“All [Catholics/Protestants] are going to hell. I also wish FreeRepublic would do something about that.

One suggestion I’ve made for years is to allow readers to UNVIEW the religious threads. Especially the “caucus” threads. Which are insane. They shove it into your face and you are not allowed to comment.


44 posted on 06/22/2014 8:59:32 AM PDT by DManA
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To: goodwithagun

?


45 posted on 06/22/2014 9:01:04 AM PDT by stanne
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To: goodwithagun
I occasionally attend Mass with a family member who is Catholic...so I am not a Catholic basher (though I do like a lively discussion of the doctrinal differences from time to time between the Catholic Church and Protestants...but nothing too serious).

If any bashing occurs on this thread, let's politely ask them if they would please stay on topic.

46 posted on 06/22/2014 9:01:07 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: DManA

With that I can completely agree. When I first saw this post, my mind went immediately to what usually happens with these posts. As it is, that has not happened this time. I’m glad of this.


47 posted on 06/22/2014 9:01:20 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: goodwithagun

And the proselytizing has just out of control. Dozens of posts every day about “10,000 reasons why I [left/came home to] the Catholic Church”


48 posted on 06/22/2014 9:03:29 AM PDT by DManA
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To: RoosterRedux

I’m not Catholic either, and as I previously posted there are the usual suspects that take an article like thus and turn it into a holy war. That has not happened on this thread, but it is the type of article that typically generates those comments.


49 posted on 06/22/2014 9:03:48 AM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: ROCKLOBSTER

I have other sources of news about my faith.


50 posted on 06/22/2014 9:05:29 AM PDT by Mercat
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To: goodwithagun

So far, so good.;-)


51 posted on 06/22/2014 9:05:45 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: RoosterRedux

“Science is the record of dead religions.” — Oscar Wilde


52 posted on 06/22/2014 9:07:27 AM PDT by OldNavyVet
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To: Le Chien Rouge

“To non-Catholics, trust me, their is a cold war simmering in the Catholic Church between the Conservatives and lefties.”

Amen to that. Ive been to 2 different Catholic churches in my area and the services were as different as day and night. The one on the left was like Woodstock with a crucifix and a lot of politics in the so called sermon. The other was like church I remember as a kid. Lots of God, Jesus, The Apostles and no politics. I like the humble side of this Pope but that’s about it.


53 posted on 06/22/2014 9:09:36 AM PDT by Wilderness Conservative
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To: OldNavyVet
That would be this guy...


54 posted on 06/22/2014 9:10:28 AM PDT by RoosterRedux (Obama: Race is his cover...jihad is his game.)
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To: goodwithagun

Do you mean that since the AP came out and said that there were 30 or so remains in a burial cylinder of babies, many of whom had baptismal certificates buried during a time when the infant mortality rate was less in these catholic run institutions than in the general Irish population, that the catholic badgers are not jumping on this article

Is that what you mean?


55 posted on 06/22/2014 9:12:36 AM PDT by stanne
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To: allendale

Poverty and political ignorance are a socialist politician best friend as either one is essential to keep them in perpetual power.

Why?

Political ignorant people, perhaps smart in many other ways, always have and will continue to be under the misconception that one of the many versions of socialism or liberalism will provide an escape or solution from whatever problem including poverty, live throws at humanity. Apparently the Pope believes in the same crap.

Unfortunately this never has or will ever be the case, at least not in the long run and history has proven the point ad nauseam. Never the less as the old adage goes; hope springs eternal, so they keep on voting for the same misconception over and over and each and every time expecting different results, while at the same time things are going from bad to worse.

If anyone had the power of correct reasoning it certainly was Einstein who some time ago defined insanity as doing the same thing over and over expecting different results.

It seems that society has not taken any clue or lesson from history, and the failures of their decisions as a result of their misguided thinking, are too numerous to mention and can be seen all around us.

Will society ever learn, or the Pope?


56 posted on 06/22/2014 10:44:18 AM PDT by saintgermaine
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To: stanne
None of this is about renegade nuns who are not in keeping with the church teaching on abortion

The whole point is that it should be.

There is no such thing as "trickle down economics", that is a construction by people who are against free markets. and by extension, free will. Are you against free will?

I am a charitable man and do much to help people even though I don't have much to give but my time.
However, I am against government organizations providing charitable services.
First off, they do it by taking from those who earn resources and they give to whomever "they" favor.
Secondly, they invariably consume most of the resources themselves while they are providing the redistribution, leaving only a fraction for the intended recipients.
I have worked at various levels of government and have first hand experience.

As I have said in a number of posts, charitable services should be provided by churches and local civic organizations.

57 posted on 06/22/2014 10:49:42 AM PDT by oldbrowser (We have a rogue government in Washington)
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To: oldbrowser

But it is not. Whether you think it should be or not

Also just to give yourself a little credibility, you might want to find out what trickle down economics is, you can google reaganomics or look here:

http://www.investopedia.com/terms/t/trickledowntheory.asp


58 posted on 06/22/2014 11:01:04 AM PDT by stanne
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To: oldbrowser

But it is not. Whether you think it should be or not

Also just to give yourself a little credibility, you might want to find out what trickle down economics is, you can google reaganomics or look here:

http://www.investopedia.com/terms/t/trickledowntheory.asp


59 posted on 06/22/2014 11:01:14 AM PDT by stanne
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To: stanne
Also just to give yourself a little credibility

I stand by what I said about so called trickle down economics. It's political hackery just like "voodoo economics" or all the other buzz phrases. I don't believe that sort of thing is considered serious economic theory, even if it is on the internet.

60 posted on 06/22/2014 11:11:56 AM PDT by oldbrowser (We have a rogue government in Washington)
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