Vatican Joins Transnational Elites in Devising New Forms of Capitalism

Vatican Joins Transnational Elites in Devising New Forms of Capitalism - In response to the present global economic crisis, Pope Benedict XVI and some transnational elites have announced proposed reforms to market capitalism that are designed to more directly respond to the economic and social needs of individuals and society. In most cases, these new capitalist models are in their embryonic stages, lacking specificity and objectivity. Ultimately, these variations on capitalism should be rejected in favor of a constructive capitalism that is rooted in the further democratic development of market capitalism at the national level, with a focus on the consideration and lawful adoption of appropriate human rights legislation and corresponding practices. [Global Governance Watch]