If my bank starts issuing theological pronouncements, I’m going to ignore them. I’ll probably even change banks. It seems to me that the Roman Catholic Church’s pronouncements about control of the world economy deserve just as little respect and consideration.
On Monday, the Catholic Church’s “Justice and Peace” department issued a policy paper about the world economy that is stunningly ignorant and calls for coercive measures to control the entire world’s financial business. The paper calls for a worldwide “supranational authority” that would have “universal jurisdiction” to shape the entire world’s economic policies.
The paper is couched in high-sounding language about the evils of greed and the “idolatry of the market,” which presumably means the church doesn’t understand that giving dictatorial power to human beings produces far worse results. It’s also clear that whoever wrote and approved this nonsense doesn’t understand that it was governments who created the mess in the first place.
Just Monday, a friend shared with me a video clip of Milton Friedman defending so-called greed in 1979 when he was interviewed on television by Phil Donahue. His critique of Donahue’s assumption is a perfect rejoinder to the ignorance coming from the church this week. I highly recommend you watch it.
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