UNITED STATES
skipshea
Posted on July 16, 2015 by skipshea
Scrolling through my various social media sites I see all sorts of positive posts from my lefty friends praising Pope Francis for his harsh words against capitalism. In an article by by Philip Pullella and Daniela Desantis written on July 11th they said Francis called on world leaders “to shun policies that “sacrifice human lives on the altar of money and profit.”
He left out the part about making profits the Vatican way. In a report on the Holy Fiscal Year of 2014 the profits of the Vatican soared to 76 million dollars. More than twenty times to the previous year.
A New York Times article written by Gaia Pianigiani on May 25th states, “Jean-Baptiste de Franssu, the bank’s president, said that its long-term strategic plan prioritized the interests of more than 15,000 clients while trying to provide adequate return during a period of ultralow interest rates in Europe.
“The main focus is on fundamentally improving our overall client service standards and further professionalizing our asset management services,” Mr. de Franssu said in a statement.”
So I guess this isn’t the type of unbridled capitalism Pope Francis is complaining about. That’s a different kind.
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