"Over a century ago, Pope Leo XIII highlighted economic issues and challenges in Rerum Novarum that continue to haunt us today, such as what he called 'the enormous wealth of a few as opposed to the poverty of the many.'
"And let us be clear. That situation is worse today. In the year 2016, the top one percent of the people on this planet own more wealth than the bottom 99 percent, while the wealthiest 60 people–60 people–own more than the bottom half–3 1/2 billion people. At a time when so few have so much, and so many have so little, we must reject the foundations of this contemporary economy as immoral and unsustainable."
Time publishes a transcript of Bernie Sanders's speech at the Vatican.