Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority
Hattip to commenter RL for alerting me to this. Father Z directs us to Chiesa for some information about the confusion surrounding the release of Towards Reforming the International Financial & Monetary Systems in the Context of Global Public Authority:
Over at Chiesa, there is a piece about the new, confused “white paper”, as I prefer to call it, from the Pontifical Council for Justice and Peace.
Too Much Confusion. Bertone Puts the Curia Under Lock and Key
The document of “Iustitia et Pax” on the global financial crisis is blasted with criticism. The secretary of state disowns it. “L’Osservatore Romano” tears it to shreds. From now on, any new Vatican text will have to be authorized in advance by the cardinal [Imagine! The left hand knowing what the left hand is doing!]
by Sandro Magister
ROME, November 10, 2011 – Precisely when the G20 summit in Cannes was coming to its weak and uncertain conclusion, on that same Friday, November 4 at the Vatican, a smaller summit convened in the secretariat of state was doing damage control on the latest of many moments of confusion in the Roman curia. [You would think they’d be getting good at damage control.]
In the hot seat was the document on the global financial crisis released ten days earlier by the pontifical council for justice and peace. A document that had disturbed many, inside and outside of the Vatican.
The secretary of state, Cardinal Tarcisio Bertone, complained that he had not known about it until the last moment. And precisely for this reason he had called that meeting in the secretariat of state. [But… wait. That means he saw it before it was released. Or did I get that wrong?]
The conclusion of the summit was that this binding order would be transmitted to all of the offices of the curia: from that point on, nothing in writing would be released unless it had been inspected and authorized by the secretariat of state. [Interesting in principle, I suppose. But the Secretariat of State is already the über-dicastery of all dicasteries. Perhaps the Suprema, the CDF ought to be involved.] →']);" class="more-link">Continue reading
BOMFOG & Towards Reforming the International Financial & Monetary Systems in the Context of Global Public Authority
Well, I have had an opportunity to review the latest musings of the pontifical counsel for justice and peace. My overall reaction is the same as the famous comment that a Professor once put on a term paper. “This paper is good and original. Unfortunately where it is good it is not original, and where it is original it isn’t good.” On to the fisk!
“The world situation requires the concerted effort of everyone, a thorough examination of every facet of the problem – social, economic, cultural and spiritual. The Church, which has long experience in human affairs and has no desire to be involved in the political activities of any nation, ‘seeks but one goal: to carry forward the work of Christ under the lead of the befriending Spirit. And Christ entered this world to give witness to the truth; to save, not to judge; to serve, not to be served.’”
So far so good.
With these words, in the prophetic and always relevant Encyclical Populorum Progressio of 1967, Paul VI outlined in a clear way “the trajectories” of the Church’s close relation with the world. These trajectories intersect in the profound value of human dignity and the quest for the common good, which make people responsible and free to act according to their highest aspirations.
The last sentence reminds me of a phrase that Nelson Rockefeller used to work into many of his speeches: “The Brotherhood of Man under the Fatherhood of God!” His aides used to refer to it as BOMFOG. The more high-falutin the language, the closer you need to read any concrete proposals embedded within.
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My co-blogger Christopher Blosser has done his usual yeoman work in pulling together reactions from around the Catholic blogosphere to “TOWARDS REFORMING THE INTERNATIONAL FINANCIAL AND MONETARY SYSTEMS IN THE CONTEXT OF GLOBAL PUBLIC AUTHORITY” from the pontifical counsel on justice and peace. One of my favorite blog authors Father Z, who I have designated Master of the Fisk, has some memorable comments on it:
I have a few things to digest yet, and it takes me a while, since this isn’t exactly my bailiwick. However, I can say this: thanks be to God this “white paper” doesn’t form part of the Holy Father’s Ordinary Magisterium.
Every once in a while the Holy See’s smaller offices, Pontifical Councils and so forth, have to put out a paper to justify their budgets and remind everyone that they take up valuable space. These documents, which do not form part of the Holy Father’s Magisterium, can deal with critical issues like how to be a safe driver. The dicasteries keep busy by hosting seminars on how to play sport and so forth.
Some of my favorite points in the new “white paper” include the suggestion that there should be global monetary management and a “central world bank” to regulate it and that the United Nations should be involved. National banks have, after all, done such a good job that we should now make the effort transnational! And is this the same UN that had nations such as Saudi Arabia and, till recently, Libya on the their human rights commission? Wasn’t there a UN financial corruption investigation still going on? Is this the same UN that is pushing contraception pretty much in every poor country on earth? Was that a different UN?
Another high point in the new “white paper”: “These measures ought to be conceived of as some of the first steps in view of a public Authority with universal jurisdiction; as a first stage in a longer effort by the global community to steer its institutions towards achieving the common good.”
Uh huh. →']);" class="more-link">Continue reading