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Pope Signs Encyclical for 'One World' Economy

Abominations:
Pope Benedict XVI signed his latest encyclical Monday, a text on ways to make globalization more attentive to meeting the needs of the poor amid the worldwide financial crisis. Benedict has frequently spoken out on the financial crisis, urging leaders to ensure the world's poor don't end up bearing the brunt of the downturn even though they are not responsible for it. He has said the downturn shows the need to rethink the whole global financial system.
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Related:
Italian Newspaper Reveals Key Paragraphs
from Pope's Upcoming Social Encyclical
Rome, Italy -- “In the midst of the new international economic, commercial and financial context,” the Pope will suggest an international agreement to lead the process of globalization: “an authority that should be regulated by law, should stick coherently to the principles of subsidiarity and solidarity, should be aimed at achieving the common good and committed to fostering an authentic integral human development, inspired in the values of charity and truth.”

Posted by Editor at July 1, 2009 04:00 AM