By Bruce Duncan

Pope Benedict’s new encyclical is not the strident critique of capitalism some were expecting, but it is nonetheless a robust critique of abuses in the global economy, particularly in financial markets. The Pope also highlights the scandalous contrast between the ostentatious wealth and profligacy by richer people and countries, and the acute deprivation of many millions of others.

Click HERE to read the full article in Eureka Street of 10 July 2009.

Photo: United Nations Photo – flickr CC

Print Friendly, PDF & Email