Pope's new year address deplores rampant capitalism

[No Elephants]

Pope's new year address deplores rampant capitalism


Pope Benedict XVI has condemned "unregulated capitalism" for contributing to world tension, in a new year address to worshippers.

The Pope also thanked the world's peacemakers and said humanity had "an innate vocation for peace".

The Roman Catholic Church leader spoke at a Mass in the Vatican, then greeted a crowd outside St Peter's Basilica.

He deplored "hotbeds of tension and conflict caused by growing instances of inequality between rich and poor".

http://www.bbc.co.uk/news/world-europe-20882894



Wasn't there a story this year about Vatican money laundering?


I don't think the issues are capitalism and wealth. I think the issues are greed and callousness.

[Enthusiast]

1. I think the pope finally got something right.

"Unregulated capitalism" is the problem. For much of the 20th Century capitalism worked. Only after constraints were removed did we fall victim to unbridled capitalistic greed.

I do see the concentration of wealth as a problem. Especially if the wealthy are allowed to spend unlimited money to influence the election and legislative process. Apparently the wealthy have too much money to spend. I would tax the fuck out of the rich and enact a "maximum wage".

It is no coincidence that these "constraints" were removed after the fall of Soviet Communism.