14 June 2014

Pope Warns Global Economic System Near Collapse

Forget the easy mark for comedy in His Holiness' prior quote about youth unemployment being the Church's biggest problem.  It isn't of course.

But as for the existence of high youth unemployment, and its deleterious effects on the global economy, that is true.  And more importantly, the global economy does rely on war-making to ensure its short-term stability.

So, friends, please get past the youth unemployment comment and get to what he points out regarding the throw-away culture of death.  And remember:  if you are concerned that the Vatican has become far too cozy with one-world globalists (and maybe you should be), that coziness would put Francis in possession of some knowledge of the precariousness of the system that he says is near collapse.  

Collapse.  That term, if used accurately, is not a pleasant term.

Now, in the article, His Holiness says that the center of any economy must be man.  Not money.  That is true, in a purely relative way, between the concept of man vs. money. However, the real center of any economy, as in any government or society, is Christ.  Christ the King.  

And here we have the central problem of Vatican II.  Is man the center?  Or is the Man, the real Man, Christ, the God-Man, the Center?  It depends on what you mean by man.  And hence, all the problems of the ambiguity purposely bred in the last fifty years.  

Truth mixed with enough ambiguity to prevent the Church from necessary action, clarity and effectiveness.

We all need a return to Christ.  You, me.  Governments. The Church and Her leaders. Read the Pope's remarks.  There is much to ponder here.

From the UK Daily Mail:

Pope Francis claims global economy is close to collapse and describes youth unemployment rates as an ‘atrocity’ in damning message

Pope Francis has launched a scathing attack on the global economic system, warning it is near collapse because of a 'throwaway culture' of greed and the 'atrocity' of youth unemployment.

The Roman Catholic leader openly blasted the 'idolatrous' economy for disregarding the young, which he says has led to shocking levels of youth unemployment and will lead to a lost generation.

The 77-year-old also criticised the economy - which he said had 'fallen into a sin of idolatry, the idolatry of money' - for surviving on the profits of war.

The Pope's damning message came amid comments he made about the break-up of countries such as Scotland and Catalonia, which came as a huge blow to the Scottish Yes campaign. 

In an interview with Spanish newspaper La Vanguardia, he said: 'Our world cannot take it anymore. Our global economic system can’t take any more.

'We discard a whole generation to maintain an economic system that no longer endures - a system that to survive has to make war, as the big empires have always done. 

'The economy is moved by the ambition of having more and, paradoxically, it feeds a throwaway culture.'

The pontiff expressed particular concern over the 'worrisome' statistics of youth unemployment.

He said: 'The rate of unemployment is very worrisome to me, which in some countries is over 50 percent. That is an atrocity.

'Young people are thrown away when their natality is limited. The elderly are also discarded because they don’t serve any use anymore.

'In throwing away the kids and elderly, the future of a people is thrown away because the young people are going to push forcefully forward and because the elderly give us wisdom.'

During the interview, Pope Francis - who has not shied away from speaking out since he took over as the head of the church - denounced the influence of war and the military on the global economy.

He said: 'Since we cannot wage the Third World War, we make regional wars. And what does that mean? That we make and sell arms.

'And with that the balance sheets of the idolatrous economies -- the big world economies that sacrifice man at the feet of the idol of money -- are obviously sorted.


He said: 'At the centre of all economic systems must be man, man and woman, and everything else must be in service of this man.

'But we have put money at the centre, the god of money. We have fallen into a sin of idolatry, the idolatry of money.'

1 comment:

Anonymous said...

As an employee of an "arms dealer", I will not argue the industry is any more virtuous than any other, but I also think the economy is far from solely (or even significantly) sustained by munitions sales. I would argue there are a few macro-trends that contribute to the youth unemployment problem:

1) It is an oft-cited statistic that a full 70% of our economy is dependent on consumer spending; even if that includes food and other necessities, it still means our economy is hooked on people buying stuff they do not need, often with money they do not have (to paraphrase Dave Ramsey). Thus, when a shock to the system - such as an oil spike, 9/11, or other - causes wallets to snap shut, nearly three-quarters of our economy is primed to freeze up.
Furthermore, regarding income inequality, almost anyone who makes a tad more than their basic needs has an opportunity to make money the same way the rich do - buying stock, even if only one share. But the American middle class tends to buy stuff instead, stuff that is more, bigger, and better than we need, which means (a) we willingly hand over our money to wealthy corporations and (b) we have less money competing for stock shares, leaving the rich more shares to buy at a cheaper price.
I am probably worse than average when it comes to materialism, so I'm hardly in a position to lecture anyone on buying habits. I'm simply saying we have to recognize that the problem isn't always due to some other group or entity.

2) Our aging population will profoundly impact the economy. First, to sound somewhat crass, babies create economic demand, while retirees tend to use less of everything as they age, save healthcare. Second, families spur a housing market because they need the room, whereas older populations see a larger percentage of people putting their houses in the market in an attempt to downsize. Finally, most entrepreneurs, creators of future jobs, come from the younger ranks of society. An aging populace poses serious questions regarding all of the above.

Bryan Kirchoff
St. Louis