Respected English financial magazine The Economist has accused Pope Francis of following Soviet Communism founder Vladimir Lenin. In a blog titled “Francis, capitalism and war: The pope’s divisions”, the British weekly accused the Pope of following Lenin in adopting an “ultra radical line” on capitalism. This followed the wide-ranging interview the Pope gave to Spanish Read more
Posts Tagged ‘capitalism’
Catholic religious challenged to critique market capitalism
Friday, March 14th, 2014
Nearly one million Catholic religious priests, brothers and sisters have been challenged to issue critiques of the global market economy based on capitalism. At a recent conference in Rome for treasurers for religious orders, a constant theme was criticism of capitalism. Several speakers denounced it as a “structure of sin” that purposefully does not attend Read more
Pope condemns idolatry of cash in capitalism
Tuesday, September 24th, 2013
Pope Francis called for a global economic system that puts people and not “an idol called money” at its heart during a speech on Sunday in the Sardinian capital of Cagliari. Addressing about 20,000 people, the pontiff said that his parents had “lost everything” after they emigrated from Italy and that he understood the suffering Read more
US survey: are capitalism and government working?
Tuesday, July 23rd, 2013
he top four most important economic issues cited by Americans today are the lack of jobs (26%), the budget deficit (17%), the rising cost of health care (18%), and the increasing gap between the rich and poor (15%). About 1-in-10 say that social security (9%) or the rising costs of education (9%) is the country’s Read more
Workplace deaths not just a side issue says Bishop Cullinane
Friday, May 3rd, 2013
Bishop Peter Cullinane was among speakers remembering those who have died at work, at a commemoration service for Workers Memorial Day in Palmerston North on Sunday 28 April. Bishop Peter said that each one of the “terrible statistics” of workplace deaths, injuries and illnesses represented the suffering of individuals and families. He said human wellbeing Read more
New Zealand born Columban priest working with marginalised in Korea
Friday, September 14th, 2012
New Zealand born Columban priest Father Robert Brennan has been in Korea since 1966. He has been working with credit unions, which lend money to those in need at low borrowing costs, as he continues to devote himself to helping families marginalised by the ruthlessness of capitalism. He studied Korean for two years before being Read more
When capitalists cared
Friday, September 7th, 2012
In the rancorous debate over how to get the sluggish economy moving, we have forgotten the wisdom of Henry Ford. In 1914, not long after the Ford Motor Company came out with the Model T, Ford made the startling announcement that he would pay his workers the unheard-of wage of $5 a day. Not only Read more