Pope Urges New World Economic Order

July 7th, 2009 in Breaking News, New World Disorder

NY TIMES

VATICAN CITY — Pope Benedict XVI on Tuesday called for a radical rethinking of the global economy, criticizing a growing divide between rich and poor and urging the establishment of a “world political authority” to oversee the economy and work for the “common good.”

He criticized the current economic system, “where the pernicious effects of sin are evident,” and urged financiers in particular to “rediscover the genuinely ethical foundation of their activity.”

He also called for “greater social responsibility” on the part of business. “Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty,” Benedict wrote in his new encyclica, which the Vatican released on Tuesday.

More than two years in the making, “Caritas et Veritate,” or “Charity in Truth,” is Benedict’s third encyclical since he became pope in 2005. Filled with terms like “globalization,” “market economy,” “outsourcing,” “labor unions” and “alternative energy,” it is not surprising that the Italian media reported that the Vatican was having difficulty translating the 144-page document into Latin.

Reportedly delayed to take into consideration the financial crisis, it was released by the Vatican on the eve of the Group of Eight Summit of industrialized nations, which opens in Italy on Wednesday, and before Benedict is expected to receive President Obama at the Vatican on Friday.