Friday, September 25, 2015

Pope Francis at the UN | National Catholic Reporter

Pope Francis at the UN | National Catholic Reporter by MSW. MGB: The Pope essentially attacked international capitalism and its cousin, imposed austerity.  Indeed, sometimes no aid is probably better than aid that makes corrupt officials rich and imposes austerity on the people.  That is why the new Rwanda will have nothing of foreign aid.  Historically, food aid is even worse, as it is timed to lower prices just as the harvest comes in.  It may be time for another method of development, say conversion of multi-national corporations to employee employee ownership and extending the program to all suppliers and overseas subsidiaries.  That is libertarian without being capitalism, which again, is the real enemy.

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