Tuesday, October 25, 2011

Bringing Out Our Inner Sedevacantists?

The Editors at Taki's Magazine take apart this call "that a 'central world bank' and a 'global public authority' be established to right the world’s wrongs using the winged iron hammer of 'a supranational authority' mercilessly wielding 'universal jurisdiction'" — The Pope Goes Global.

Tom Woods, author of How The Catholic Church Built Western Civilization, clarifies, "It’s been idolatry not of the market but of central banks, institutionalized sources of moral hazard and financial instability around the world, that has yielded us the boom-bust cycle" — 'Idolatry of the Market'?

I have no doubt that Pope Ratzinger and his cohorts at the Pontifical Council for Justice and Peace mean well and are half right, but it is height of naïveté to expect secular governments, controlled from time immemorial by the rich and powerful, to police the rich and powerful.

The only viable "supranational authority" with "universal jurisdiction" is Holy Mother Church herself, and her tools are not those this world. In the meantime, corps intermédiaires, those intermediary bodies ranging from labor unions to manufacturers' associations, should be supported and promoted, so as to protect families and individuals from the State and supranational bankers.

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Blogger Mark in Spokane said...

The Pontifical Council for Justice and Peace got the diagnosis right, but the treatment wrong. They are spot on in their criticisms of the current economic system, but completely wrong in their proposal for its remedy.

October 26, 2011 at 11:46 AM  

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