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evangelii gaudium

The Great Ecumene of the Churches against Capitalism (tags)

"This economy kills!" The pope and the great ecumene of 350 churches reject the neoliberal economy of exclusion. Persons are reduced to consumers and then thrown away as trash.

Rights instead of Alms (tags)

It is time to champion a basic right to housing and ensure its reality. "An authentic faith that is never comfortable and individualistic always includes the deep desire to change the world," wrote Pope Francis.

Casino Capitalism and Profit Maximization (tags)

In the 1960s the average holding time for stocks was 10 years. Now the holding time is not 9 months but 22 seconds. Like shareholder value, profit maximization leads to exploding inequality and the waste of resources. States are weakened by tax cuts.

Casino Capitalism and Profit Maximization (tags)

“The state is consciously weakened to speed up the redistribution from bottom to top because that corresponds to the dogmas of the neoliberal ideology.” Our state was systematically weakened in the last 15 years by extensive tax cuts. I remember the lowering of the top income tax rate.

Structural Weaknesses of Capitalism (tags)

Ignorance and ideology replaced facts and economic fairness under Reagan. Reagan appealed to the Laffer curve and argued tax cuts bring higher revenues, He confused investment and speculation, SROs and SUVs, militarism and security and decried government as the problem.

Capitalism as a Secularized Religion (tags)

It is never too early or too late to challenge the dominant narrative. Capitalism is a fetish social formation, a demolishing of being not a reform of being. Capitalism may be the first case of an indebted cult, not an atoning cult, possibly the most bloodthirsty cult of humanity's history.

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