Investor’s Business Daily: Benedict ‘2nd pro-capitalist Pope in a row’

November 26, 2008

Echoing earlier criticisms of recent claims that Pope Benedict predicted the meltdown of world financial markets, Investor’s Business Daily in an editorial yesterday called Pope Benedict the ‘second pro-capitalist Pope in a row.’ The pontiff, however, might take issue with that label. In his May 2007 address to Latin American bishops in Aparecida, Brazil, he said:

Are only material goods, social, economic and political problems ‘reality’? This was precisely the great error of the dominant tendencies of the last century, a most destructive error, as we can see from the results of both Marxist and capitalist systems. They falsify the notion of reality by detaching it from the foundational and decisive reality which is God … Both capitalism and Marxism promised to point out the path for the creation of just structures, and they declared that these, once established, would function by themselves; they declared that not only would they have no need of any prior individual morality, but that they would promote a communal morality. And this ideological promise has been proved false. The facts have clearly demonstrated it.

 

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Further information:

• Editorial: Papal bullishness (Investor’s Business Daily)
• Did the Pope predict the meltdown of world financial markets? (CWN, Nov. 21)
• Pope Benedict: Address at Inaugural Session of the Fifth General Conference of the Bishops of Latin America and the Caribbean (May 13, 2007)