"On Economic Issues, the Pope Is to the Left of Obama"

"Benedict, like his predecessor Paul VI, hoped that economic development would produce real and genuinely sustainable growth, of benefit to everyone. Benedict disappointedly acknowledges that 'The world’s wealth is growing in absolute terms, but inequalities are on the increase' [italics in text]. He does not accept the trickle-down theory which says that all boats will rise with the economic tide. Benedict, like Paul VI, decries the 'The scandal of glaring inequalities' and sees a role for government in the redistribution of wealth."

Thomas Reese at the National Post looks at the Catholic Church's recently announced criticism of international finance.