The Vatican has released a new encyclical that specifically endorses the anti-capitalist rhetoric of the OWS protesters and calls for a "global public authority" and a “central world bank” to rule over financial institutions:
“Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” was at times very specific, calling, for example, for taxation measures on financial transactions. “The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence,” it said.
It condemned what it called “the idolatry of the market” as well as a “neo-liberal thinking” that it said looked exclusively at technical solutions to economic problems. “In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,” it said, adding that world economics needed an “ethic of solidarity” among rich and poor nations.
The Vatican called for the establishment of "a supranational authority" with worldwide scope and "universal jurisdiction" to guide economic policies and decisions.
Such an authority should start with the United Nations as its reference point but later become independent and be endowed with the power to see to it that developed countries were not allowed to wield "excessive power over the weaker countries".
"Of course, this transformation will be made at the cost of a gradual, balanced transfer of a part of each nation's powers to a world authority and to regional authorities, but this is necessary at a time when the dynamism of human society and the economy and the progress of technology are transcending borders, which are in fact already very eroded in a globalised world."
One would have expected something more intelligent from a pope who saw first hand what such central control did to half of Germany, and from a Church who has seen exactly how Marxist societies treat religion and the Church. And this is not the first time Pope Benedict has indulged in this folly.
Pope Benedict is simply too weak to take a moral stand here, just as he was in his positions on Islam and the relationships with Israel and the Jews. Far easier to react with cringing appeasement instead of moral leadership.
Perhaps this Pope will next appear in a 'kill the banksters' OWS tee shirt, just as he was once happy to done a keffiyah, today's equivalent of a Nazi armband.