I fully support peer to peer practices, but I believe the proposal by the Pope is antithetical to that in that he would have us all ruled by a relative minority (who we can assume all have varying degrees of corruption) and that their rules would be forced on us by our superiors and their inferiors. Ultimately, I don’t see such a thing as a peer existing in a world like that.
But we probably don’t need to worry. According to Tariq Ramadan (Oxford Professor of Islamic Studies), “It’s a systemic crisis but the system’s been living for 300 years. And they’ve saved it every time. And the question is: will they save it this time? And I think the bets are that they will. Because this isn’t just a question of finance, but a question of political power. And if the western financial system collapses, the western political body goes with it…” (quoted at http://www.newsy.com/videos/the_ethics_of_economic_survival)
]]>http://www.nytimes.com/2009/07/12/weekinreview/12dougherty.html?ref=weekinreview
key quote: “The message in both is that global capitalism has raced off the moral rails and that Roman Catholic teachings can help set Western economics right by encouraging them to focus more on justice for the weak and closely regulating the market.”
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