Elisabetta Povoledo
October 26, 2011 .
"We should not be afraid to propose new ideas, even if they might destabilise pre-existing balances of power that prevail over the weakest" ... The Vatican.
....The Vatican has called for an overhaul of the world's financial systems and once again proposed the establishment of a supranational authority to oversee the global economy, saying it was needed to bring more democratic and ethical principles to a marketplace run amok. In a report issued by the Pontifical Council for Justice and Peace, the Vatican said ''politics - which are responsible for the common good'' must be given primacy over the economy and finance, and existing institutions such as the International Monetary Fund have not been responding adequately to global economic problems. The document highlights the Catholic Church's concerns about economic instability and a worldwide widening inequality of income and wealth. Advertisement: Story continues below ''The time has come to conceive of institutions with universal competence, now that vital goods shared by the entire human family are at stake, goods which the individual states cannot promote and protect by themselves,'' Cardinal Peter Kodwo Appiah Turkson, the president of the pontifical council, said as he presented the report on Monday. ''That is what pushed us.'' The document's language is distinctively strong. ''We should not be afraid to propose new ideas, even if they might destabilise pre-existing balances of power that prevail over the weakest,'' it says in its conclusions. The message prompted comparisons with the rallying cries of protest movements that have been challenging the financial world order, such as the Indignados in Madrid and the Occupy Wall Street protesters in New York City. Still, Vatican officials said the document was not a manifesto for disaffected dissidents.
....
Read more:
http://www.smh.com.au/world/vatican-speaks-out-on-global-economy-20111025-1mi2x.html#ixzz1bpv4tVkr
No comments:
Post a Comment