---------- Forwarded message ----------
Date: Tue, 22 Dec 1998 10:11:41 +1100 (EST)
From: Matthew Townsend <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED]
Subject: Pope lashes capitalists

>Pope fires a salvo against consumerism
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>John Hooper in Rome 
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>THE Pope lashed out at capitalism last week in his strongest renunciation
to date of the global economy. He linked the financial crisis in the East
Asia with the activities of market speculators, and put the impact of
consumerism on a par with those of some of the most odious doctrines of
history, including Nazism.
>The strictures were contained in a special message issued before World
Peace Day, on January 1. His 22-page homily, presented at the Vatican,
focused on human rights.
>"When human rights are ignored or scorned, and when the pursuit of
individual interests unjustly prevails over the common good, then the seeds
of instability, rebellion and violence are inevitably sown," he said.
>While inveighing against a range of targets, from abortion to small arms
proliferation, he left no doubt that he regarded the global economic order
as one of the main sources of human rights violations.
>"The history of our time has shown in a tragic way the danger which results
from forgetting the truth about the human person. Before our eyes we have
the results of ideologies such as Marxism, Nazism and fascism, and also of
myths like racial superiority, nationalism and ethnic exclusivism.
>"No less pernicious, though not always as obvious, are the effects of
materialistic consumerism, in which the exultation of the individual and the
selfish satisfaction of personal aspirations become the ultimate goal of life."
>Since the fall of communism the Pope has increasingly concentrated his fire
on the shortcomings of capitalism and the free market. But he has never gone
so far in deploring its consequences.
>He writes: "The rapid advance towards the globalisation of economic and
financial systems also illustrates the urgent need to establish who is
responsible for guaranteeing the global common good and the exercise of
economic and social rights. The free market by itself cannot do this,
because in fact there are many human needs which have no place in the market."
>He adds: "The effects of the recent economic and financial crises have had
heavy consequences for countless people, reduced to conditions of extreme
poverty.
>"Many of them had only just reached a position which allowed them to look
to the future with optimism. Through no fault of their own, they have seen
these hopes cruelly dashed, with tragic results for themselves and their
children.
>"And how can we ignore the effects of fluctuations in the financial
markets? We urgently need a new vision of global progress in solidarity,
which will . . . enable all people to realise their potential."
>The Guardian Weekly Volume 159 Issue 26 for week ending December 27, 1998,
Page 6
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Matthew Townsend                            
Barrister & Accredited Mediator
Lecturer in Environmental Law, Victoria University of Technology
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