"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.
* 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
* 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)