Benedict said "there is an urgent need of a true world political authority" whose task would be "to manage the global economy; to revive economies hit by the crisis; to avoid any deterioration of the present crisis and the greater imbalances that would result."
Such an authority would have to be "regulated by law" and "would need to be universally recognized and to be vested with the effective power to ensure security for all, regard for justice, and respect for rights."
"Universally recognized?" lol. Obama is "universally recognized." So is Michael Jackson. It hasn't given either of them much credence.
"Obviously it would have to have the authority to ensure compliance with its decisions from all parties, and also with the coordinated measures adopted in various international forums," he said.
"Authority?" What kind of world-wide authority? A world court? A global stock market? Maybe he wants to change the petro-dollar to Euros. Think that's a good idea?
This country is being sold down the river Nile at lightening speed.
The UN section is tough to understand outside of the context of the rest of the encyclical.
Not so tough. About as tough as understanding "encroaching fascism." Bureaucracies do not diminish. Like all parasites, they just multiply until they kill the host.
Wealth springs from individuals-not from governments. You would have thought the Vatican learned this lesson with charging people for indulgences.