Archive for March 30th, 2014


From Market Watch‘s Paul B Farrell: Pope Francis’ top 10 ‘strategies’ in his war against capitalism. I would call them ‘principles’ rather than strategies, and I would be hesitant to call the president an ally, but this is a nice gathering of quotes:

1. Inequality: root cause of all problems in world

“Inequality is the root of social ills. Help the poor, reject markets and speculation, attack the structural causes of inequality, or you’ll never solve any of the world’s problems.”

2. Trickle-down: total economic disaster

“Free-market trickle-down economics causes injustice. A naïve trust in the culture of prosperity and those wielding economic power deadens society.”

3. Invisible Hand: the hand of the superrich

“Never trust in the so-called ‘invisible hand’ of the markets and economic remedies like cutting workers to increase profits. The world needs a better distribution of income.”

4. New tyranny: capitalism killing democracy

“Ideologies increase the wealth of a minority exponentially, increasing the inequality gap, separating most humans from the prosperity enjoyed by those happy few. A new tyranny is thus born, unilaterally and relentlessly imposing its own laws and rules.”

5. Capitalists: new biblical money worshipers

“Money must serve, not rule, yet we calmly accept its control over us. It originated in a profound human crisis: the denial of the primacy of the human person. The worship of the ancient golden calf has returned in a new and ruthless guise in the idolatry of money.”

6. Capitalism: excess consumption killing our values

“Today’s economics promotes inordinate consumption, increases inequality, damages the social fabric, increases violence and serious conflicts. Blaming the poor and poorer countries for their troubles is misplaced, solve the corruption spreading at the top.”

7. Competition: undermining the public interest

“The laws of capitalist competition, the survival of the fittest rule. The powerful feed upon the powerless, the vast majority are marginalized: No work, No opportunities. No escape. News is a two-point loss in stocks, but not the death of elderly homeless?”

8. Capitalists: humans as economic commodities

“Yes, we are now consumer goods, used, then discarded in a spreading throw-away culture. It is no longer about exploitation, oppression. Today’s excluded are no longer society’s underside, no longer even a part of it, but outcasts, leftovers.”

9. Conservatism: undermining the common good

“In a world where everyone has their own subjective truth, citizens cannot develop common solutions that transcend personal ambitions. We need a new way of living and thinking that’s more humane and noble, that brings dignity to all human on this earth.”

10. Capitalism: no moral compass in world economies

“Behind capitalist economics lurks a rejection of ethics and God, debasing humans. This lack of morality and ethics leads us to a God who calls for solutions outside marketplace economics, to make it possible for a balance and more humane social order.”

Read the whole thing here:


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