...another continuing series in addition to the "by cloth or gavel" posts on this blog.
Readers here will note that power, like nature, abhors a vacuum. The Catholic church has given opinion on world governance previously, and now feels free to opine on the optimal way to reform the global financial system.
the emphasized phrase below is quite troubling to anyone who understands how power mutates with time...and the myriad problems with defining what constitutes a "public authority with universal competence".
VATICAN CITY—The Vatican on Wednesday said it was preparing a series of proposals for reforming the global financial system that would include the creation of a “public authority with universal competence.”
A document entitled “For a reform of the financial system through the perspective of a public authority with universal competence” will be presented on Monday by the Vatican’s Pontifical Council for Justice and Peace.