Pope Francis has urged the people of Latin America to stand up to the world's capitalist system and change the world economic order by creating a “truly communitarian economy” based on distribution of goods among all.
Starting his speech with the need to instigate change, he called on the faithful to fight to protect human dignity in a “system” where farm workers end up without land or home and laborers without rights.
“Do we realize that that system has imposed the mentality of profit at any price, with no concern for social exclusion or the destruction of nature?” he asked at a powerful speech before a gathering of social movements in Bolivia.
Once “capital” becomes an “idol” and guides individuals and once “greed for money presides over the entire socioeconomic system,” it ruins society, Francis said. It enslaves individuals and destroys “ fraternity,” a system which “excludes, debases and kills.”
“This system is by now intolerable. So let’s not be afraid to say it: we need change; we want change,” Pope Francis said.
The Pope called on his followers to create a “truly communitarian economy,” a system that would guarantee the three “L’s” of land, lodging and labor.
“It is no utopia or chimera. It is an extremely realistic prospect. We can achieve it. Working for a just distribution of the fruits of the earth and human labor is not mere philanthropy. It is a moral obligation,” the Pope said in the city of Santa Cruz to participants of the second world meeting of popular movements, an international body that brings together organizations of people on the margins of society.
The Argentinian-native Pope urged the crowd to tackle “three great tasks”.
The first task is to create an economy at the ”service of peoples” not at the “service of money” Such an approach, the Pope believes, will focus on service rather than profits which in return will protect “Mother Earth.”
The second task is to unite our peoples on the “path of peace and justice” to defend their sovereignty against “colonialism.”
“The new colonialism takes on different faces. At times it appears as the anonymous influence of mammon: corporations, loan agencies, certain free trade treaties, and the imposition of measures of austerity which always tighten the belt of workers and the poor.”
“Monopolizing communications” is yet another example of consumerism and “new colonialism” for the Pope that ultimately denies countries the right to development.
Pope Francis called on social movements to protect their culture, their language, their social processes and their religious traditions.
The third task is environmental: to “defend Mother Earth,” by breaking down the current “system” which ravishes the planet's ecology.
It turns out the crucifix was designed by Jesuit activist Luis Espinal, who was assassinated in 1980 by suspected paramilitaries during the months that preceded a military coup. Francis is a fellow Jesuit and he stopped to pray at the site where Espinal's body was dumped.
Pope Francis on Thursday urged the downtrodden to change the world economic order, denouncing a "new colonialism" by agencies that impose austerity programs and calling for the poor to have the "sacred rights" of labor, lodging and land.
In one of the longest, most passionate and sweeping speeches of his pontificate, the Argentine-born pope also asked forgiveness for the sins committed by the Roman Catholic Church in its treatment of native Americans during what he called the "so-called conquest of America."
Quoting a fourth century bishop, he called the unfettered pursuit of money "the dung of the devil," and said poor countries should not be reduced to being providers of raw material and cheap labor for developed countries.
Repeating some of the themes of his landmark encyclical "Laudato Si" on the environment last month, Francis said time was running out to save the planet from perhaps irreversible harm to the ecosystem.
Francis made the address to participants of the second world meeting of popular movements, an international body that brings together organizations of people on the margins of society, including the poor, the unemployed and peasants who have lost their land. The Vatican hosted the first meeting last year.
"Let us not be afraid to say it: we want change, real change, structural change," the pope said, decrying a system that "has imposed the mentality of profit at any price, with no concern for social exclusion or the destruction of nature."
"This system is by now intolerable: farm workers find it intolerable, laborers find it intolerable, communities find it intolerable, peoples find it intolerable … The earth itself – our sister, Mother Earth, as Saint Francis would say – also finds it intolerable," he said in an hour-long speech that was interrupted by applause and cheering dozens of times.
China’s stock market had what traders call a “Dead Kitty” bounce on Thursday as the communist authorities dispatched police and security personnel to “encourage” insider-buying and to arrest short sellers. With the Chinese market still highly inflated even after falling $3 trillion in value, China took action last night to “nationalize” about $6 trillion in losses.
But with the Chinese people suffering $3 trillion of losses since June 12, over half of all shares suspended from trading for up to six months, and banks stretched to finance the entire economy and bail out the stock markets, China is about to suffer the worst negative “wealth effect” of any nation since the US Great Depression.
As Breitbart News reported in “China Debt-Bomb Fuse is Burning,” China is buried under “crippling local government and corporate debt”. The country’s debt restructuring plan has consisted of banks rolling over all their non-performing state-owned-enterprise loans and relying on individual investors to bail out the banks by having unsophisticated retail investors buy new public offerings of insolvent state-owned companies.
And now, with their creative financial-engineering scheme to inflate the stock markets having steered the nation into a 1929-style stock crash, the Chinese Communist Party was just forced to have state-owned banks nationalize another $8 trillion loss, or about 100 percent of GDP.