Pope's new year address deplores rampant capitalism , page 1


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Topic started on 1-1-2013 @ 04:45 PM by ignorant_ape

Pope's new year address deplores rampant capitalism


www.bbc.co.uk
Pope Benedict XVI has condemned "unregulated capitalism" for contributing to world tension, in a new year address to worshippers.
(visit the link for the full news article)


reply posted on 1-1-2013 @ 05:29 PM by Def Youth
reply to post by Wide-Eyes



Exactly. He's no saint but he ain't wrong on this one.


reply posted on 1-1-2013 @ 05:45 PM by tinhattribunal
reply to post by adjensen





You do realize that the vast majority of the church's wealth are in assets that they can't get rid of, right?


yeah! ... the whole f***'n planet!


reply posted on 1-1-2013 @ 08:43 PM by flexy123
"Unregulated" capitalism is indeed the source of MANY of today's problems.

If you're already going to cite, then do it right...he did not say capitalism but UNREGULATED capitalism.

If you disagree with this then you must be blind, in particular if you look at the US and the problems today.

Examples:

* Unregulated capitalism: If a company, for the sake of cost saving, outsources to cheap countries like India, Pakistan etc. Lots of companies do this. A huge problem. You think this is ok? We have people on welfare and looking for jobs HERE...while Ramesh from India does the callcenter job for, say, Intel or Hewlett Packard because its CHEAPER??? What about this is ok?

* Merchandise for US firms produced in China (on the backs of slave workers)...because its cheaper ---> more profit for them because of less costs...

* and so forth...

Unregulated capitalism means that any employer, corporate etc. can do whatever they deem "ok" FOR THEIR PROFIT as being the main factor. The human is not a priority. The human doing work is just an instrument for profit. Corporates profit, sadly, most of the time is NOT for the benefit of those working/slaving, even if they tell you this is the case. ("Because we create work...."). If you work for less money, and the corporates wont cover your healthcare, cut vacation etc..etc... guess WHO is profiting?

So....in this case, the pope is actually spot on!
edit on 1-1-2013 by flexy123 because: (no reason given)

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