Playing in Wall Street
The latest from america
The 12 women whose feet were washed by Pope Francis included women from Italy, Bulgaria, Nigeria, Ukraine, Russia, Peru, Venezuela and Bosnia-Herzegovina.
"We, the members of the Society of Jesus, continue to be lifted up in prayer, in lament, in protest at the death and destruction that continue to reign in Gaza and other territories in Israel/Palestine, spilling over into the surrounding countries of the Middle East."
While some children have been evacuated from conflict, more than 1.1 million children in Gaza and 3.7 million in Haiti have been left behind to face the rampaging adult world around them.
Easter will not be postponed this year. It will not wait until the war is over. It is precisely now, in our darkest hour, that resurrection finds us.
Democratic capitalism is an experiment that has resulted in the greatest wealth for the greatest number. Railing against Wall St or other big entities in the economy is to beg for poverty back. Remember poverty? Outhouses, but no refrigerators?
It might help if our citizens, including churchmen, learned about democratic capitalism and how it works, do you think? How many of our ‘educated’ fellow citizens don’t know who Adam Smith is, don’t know a stock from a bond or how to value either, and have no savings. When the huckster cons the rube, whose fault is it?
The name you need to remember in the current malaise is Barney Frank. Barney and his friends, with the help of their liberal fellow-travelers, put a shotgun to the face of the mortgage industry and forced it to make unsound loans at the very heart of the system—the secured home loan. Then Barney offered to buy the loans with your money. You see, Barney knows how to help. He’s smart.
Government has a role to play by enforcing the rules. But when it enters the arena and becomes a player, we no longer have democratic capitalism. Call it socialism. Call it central planning. Call it anything. But it’s not democratic capitalism any more and it won’t work.