POPE: UNFETTERED CAPITALISM "NEW TYRANNY"

Home    Sign up for our FREE Daily Email Newsletter Pope Francis Calls Unfettered Capitalism 'Tyranny'  Pontiff's first major publication calls on global leaders to guarantee work, education and healthcare By Reuters November 26, 2013 "Information Clearing House - "The Guardian" -  Pope Francis has attacked unfettered capitalism as "a new tyranny", urging global leaders to fight poverty and growing inequality in the first major work he has authored alone as pontiff. The 84-page document, known as an apostolic exhortation, amounted to an official platform for his papacy, building on views he has aired in sermons and remarks since he became the first non-European pontiff in 1,300 years in March. In it, Francis went further than previous comments criticising the global economic system, attacking the "idolatry of money" and beseeching politicians to guarantee all citizens "dignified work, education and healthcare". He also called on rich people to share their wealth. "Just as the commandment 'Thou shalt not kill' sets a clear limit in order to safeguard the value of human life, today we also have to say 'thou shalt not' to an economy of exclusion and inequality. Such an economy kills," Francis wrote in the document issued on Tuesday. "How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?" The pope said renewal of the church could not be put off and the Vatican and its entrenched hierarchy "also need to hear the call to pastoral conversion". "I prefer a church which is bruised, hurting and dirty because it has been out on the streets, rather than a church which is unhealthy from being confined and from clinging to its own security," he wrote. In July, Francis finished an encyclical begun by Pope Benedict but he made clear that it was largely the work of his predecessor, who resigned in February. Called Evangelii Gaudium (The Joy of the Gospel), the exhortation is presented in Francis's simple and warm preaching style, distinct from the more academic writings of former popes, and stresses the church's central mission of preaching "the beauty of the saving love of God made manifest in Jesus Christ". In it, he reiterated earlier statements that the church cannot ordain women or accept abortion. The male-only priesthood, he said, "is not a question open to discussion" but women must have more influence in church leadership. A meditation on how to revitalise a church suffering from encroaching secularisation in western countries, the exhortation echoed the missionary zeal more often heard from the evangelical Protestants who have won over many disaffected Catholics in the pope's native Latin America. In it, economic inequality features as one of the issues Francis is most concerned about. The 76-year-old pontiff calls for an overhaul of the financial system and warns that unequal distribution of wealth inevitably leads to violence. "As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems," he wrote. Denying this was simple populism, he called for action "beyond a simple welfare mentality" and added: "I beg the Lord to grant us more politicians who are genuinely disturbed by the state of society, the people, the lives of the poor." Since his election, Francis has set an example for austerity in the church, living in a Vatican guest house rather than the ornate Apostolic Palace, travelling in a Ford Focus, and last month suspending a bishop who spent millions of euros on his luxurious residence. He chose to be called Francis after the medieval Italian saint of the same name famed for choosing a life of poverty. Stressing co-operation among religions, Francis quoted the late Pope John Paul II's idea that the papacy might be reshaped to promote closer ties with other Christian churches and noted lessons Rome could learn from the Orthodox church such as "synodality" or decentralised leadership. He praised co-operation with Jews and Muslims and urged Islamic countries to guarantee their Christian minorities the same religious freedom as Muslims enjoy in the west. 'Not to share wealth with poor is to steal': Pope slams capitalism as 'new tyranny' By RT Pope Francis has taken aim at capitalism as "a new tyranny" and is urging world leaders to step up their efforts against poverty and inequality, saying "thou shall not kill" the economy. Francis calls on rich people to share their wealth. The existing financial system that fuels the unequal distribution of wealth and violence must be changed, the Pope warned.  "How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?" Pope Francis asked an audience at the Vatican. The global economic crisis, which has gripped much of Europe and America, has the Pope asking how countries can function, or realize their full economic potential, if they are weighed down by the debts of capitalism. “A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules,” the 84-page document, known as an apostolic exhortation, said. "To all this we can add widespread corruption and self-serving tax evasion, which has taken on worldwide dimensions. The thirst for power and possessions knows no limits", the pope’s document says. He goes on to explain that in this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which has become the only rule we live by. Shameful wealth Inequality between the rich and the poor has reached a new threshold, and in his apostolic exhortation to mark the end of the “Year of Faith”, Pope Francis asks for better politicians to heal the scars capitalism made on society. "Just as the commandment 'Thou shalt not kill' sets a clear limit in order to safeguard the value of human life, today we also have to say 'thou shalt not' to an economy of exclusion and inequality. Such an economy kills," Francis wrote in the document issued Tuesday. His calls to service go beyond general good Samaritan deeds, as he asks his followers for action “beyond a simple welfare mentality". "I beg the Lord to grant us more politicians who are genuinely disturbed by the state of society, the people, the lives of the poor,” Francis wrote.   A recent IRS report shows that the wealth of the US’s richest 1 percent has grown by 31 percent, while the rest of the population experienced an income rise of only 1 percent. The most recent Oxfam data shows that up to 146 million Europeans are at risk of falling into poverty by 2025 and 50 million Americans are currently suffering from severe financial hardship. "As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation, and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems," he wrote. Named after the medieval saint who chose a life of poverty, Pope Francis has gone beyond general calls for fair work, education, and healthcare. Newly-elected Pope Francis has stepped up the fight against corrupt capitalism that has hit close to home - he was the first Pope to go after the Vatican bank and openly accused it of fraud and shady offshore tax haven deals. In October, Pope Francis removed Vatican bank head Cardinal Tarcisio Bertone, after revelations of alleged mafia money laundering and financial impropriety.