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meow2u3

(24,922 posts)
Mon Nov 19, 2018, 09:54 AM Nov 2018

Pope Francis Laments On Day Of The Poor: The Rich Are Winning

Pope Francis warned Sunday in his weekly sermon that calls for help from the poor are growing stronger — yet they continue to be ignored as the wealthy grab more resources that belong to everyone.

“The cry of the poor daily becomes stronger, but heard less, drowned out by the din of the rich few, who grow ever fewer and more rich,” he said, the Vatican reported.

“It is the cry of all those forced to flee their homes and native land for an uncertain future. It is the cry of entire peoples, deprived even of the great natural resources at their disposal ... while the wealthy few feast on what, in justice, belongs to all.”

https://www.huffingtonpost.com/entry/pope-francis-laments-that-the-rich-are-winning_us_5bf23693e4b0f32bd58ac948

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Pope Francis Laments On Day Of The Poor: The Rich Are Winning (Original Post) meow2u3 Nov 2018 OP
And to demonstrate their commitment, they ... did nothing. NT mahatmakanejeeves Nov 2018 #1
They wring their hands and pray. Nitram Nov 2018 #3
...thoughts and prayers... Raster Nov 2018 #6
The Catholic Church is Worth 140 Billion violetpastille Nov 2018 #2
And as an Argentine, he's seen what happens when the rich decide they've tired of democracy sandensea Nov 2018 #4
Seems a bit hypocritical to me. nt Ferrets are Cool Nov 2018 #5

sandensea

(22,850 posts)
4. And as an Argentine, he's seen what happens when the rich decide they've tired of democracy
Mon Nov 19, 2018, 10:17 AM
Nov 2018

and of having to share with others.

Until the 1980s Argentine living standards were far above the rest of the region, and even above some European countries.

But a coup in 1976 ushered in a far-right dictatorship that, besides killing at least 22,000 dissidents (by their own admission), effected a massive trasnfer of income and wealth from the middle and working classes (most Argentines belonged to one or the other), to the proverbial 1%.

They and their friends in big business and banking took on colossal debts that they then offshored - leaving everyone else the tab and an economy stumbling under the weight of the debt.

Fast-forward 35 years, and it just happened again - by way of a right-wing carnival barker not unlike Trump (in fact they've been friends since the '80s).

It's the same thing Wall Street did with derivatives in the Dubya years - except that in our case, the Fed simply printed $20 trillion to paper over the losses. Argentina, of course, couldn't do that.

Thanks for posting this. Francis may be wrong on some issues (like abortion); but he has tremendous insights into socioeconomics.

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