Does the pope hate capitalism?
Observers are noting his increasingly tough language defending workers and lamenting the corporate drive for profit at all costs.
The comments -- his toughest stance yet on workers' rights, according to Reuters -- comes as the total number of those who perished in the collapse hit 411.
Francis' words are in line with previous positions he took as the former Cardinal Jorge Bergoglio of Argentina. He often defended the poor, according to Reuters, and clashed with governments on economic policies. Now, however, his thoughts carry much more weight -- and may impact the way companies balance employee interests against profits.
"Work is fundamental to the dignity of a person," he told tens of thousands of people in a May Day speech. "I think of how many, and not just young people, are unemployed, many times due to a purely economic conception of society, which seeks selfish profit, beyond the parameters of social justice."
So society bears a responsibility for its poor, and selfish profit is immoral. It sounds an awful lot like Francis opposes Western notions of capitalism. He has written as much in the past, saying that capitalism promotes consumerism and hedonism, noted Cincinnati.com.
"People are less important than the things that give profit to those who have political, social, economic power," he said Wednesday. "What point have we come to?"
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Generational indentured servitude dressed up under the guise of Capitalism- Not so Good...
There needs to be a way to make capitalism more fair and more equitable, so people wouldn't hate it so much.
Bring back the middle class...
MSN and NBC, enough. That headline was a complete joke. Cincinnati.com?? Really. And where did they snip the info from? This kind of journalism people are slowly learning about. Somewhere some strange information is plunked out onto the web, then another little higher up media source picks it up, then another picks it up quoting that quote, and so on up to NBC or such. But by then no one can flop back to the original source. That game is getting far too common in the media, and it is not fair to people who simply want accurate information.. or... reporting. This Pope is speaking about worker safety, rights, and equitable pay (non slave labor or indentured servitude) all over the world. That is a big part of his job... you know... helping the poor...
Hate is a big word.
Pope Francis’ objections concerning profits decry profits that are sought or obtained purely for profits’ sake; rather than profits gained by mutually wholesome exchange of goods or labor for salubrious purposes. Pope Francis’ outcry is against the mechanized transformation of cultural designs that promote grotesqueries of greed (e.g. those based on a negative change at an inflection-point on a Bank’s or Manufacturing Corporation’s mathematically theorized S-Curve that charts potential rates of increased profits; without regard to natural cultural norms of human or ecological planetary needs); that instead thereby create or exacerbate poverty, pernicious lusts against innocents, wars of choice (e.g., for preponderant global geopolitical racial or genetic societal hegemony, or for oil from Iraq, rather than for mutually wholesome existence amongst human “persons” and other naturally born living species and their ecosystems in equipoise).
Simply put; Pope Francis is calling out (as would the Christ, Jesus or St. Peter) for everyone to abandon the diabolical path of self-destruction.
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[BRIEFING.COM] Equity indices settled on their lows following a steady, session-long slide. Similar to yesterday, small-caps paced the retreat as the Russell 2000 fell 1.6%, extending its December loss to 3.6%. The S&P 500 settled lower by 1.1%, widening its month-to-date decline to 1.3%.
There was no specific news catalyst behind today's slide, which had the markings of broad-based profit-taking. Seven of ten sectors settled with losses of 1.0% or more while only two groups ... More
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