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Has the Vatican Really Become the Chaplain for the Occupy Wall Street Movement?

28 Oct

Last week, the Vatican’s Pontifical Council for Justice and Peace (PCJP) issued what it called a “reflection” on the current state of world economic affairs. This reflection has stirred up some controversy, because the PCJP suggests that part of the solution might be to establish a global financial authority.  There has been some confusion among the faithful because the media has framed the story as a spiritual endorsement of the “Occupy” protests that have been taking place throughout the Western world.

So as the archdiocesan “social justice guy,” I thought I would take the time to actually read the 18-page document and give an overview of what the Vatican has said.

The document is entitled “Toward Reforming the International Financial and Monetary Systems in the Context of Global Public Authority.” While I think this document bears careful reading as an application of Catholic social teaching to the current world economic crisis, Catholics need to know it is not a doctrinal statement that binds the conscience of the faithful.   Continue reading