Home | About Us | Subscriptions | Advertising | El Centinela
Catholic Sentinel | Portland, OR Thursday, May 5, 2016
CYO Football 2015 2015 Priest Reassignments, Archdiocese of Portland Cardinal Francis George dies Mothering with faith Sisters of the Holy Names, 2015 Live Nativity at St. John the Baptist 2014 Fall CYO results Catholic Charities Donor Lunch 2014 Year of Consecrated Life opening Mass Holy Spirit Sisters Jubilee 2014 Seaside youth conference Mount Angel 125th Northwest Hub Furlow at papal Mass 2014 Rosary Bowl NW Brother André 2014 Fall 40 Days for Life 2014 Inauguration of Fr. Mark Poorman Coffee shop at abbey First day of school, 2014 Regis High School 50th anniversary 2014 Crooked Finger Pilgrimage Mass with migrant farm workers Maronite Ordination Consecration to "Immaculate Heart of Our Lady of Fatima" CYO track Southern Oregon Evangelization 2014 Priest Ordination Christ the King youth 2014 priest reassignments Our Lady of Lavang Confirmation, 2014 Memorial Day 2014 2014 Transitional deacon ordination Padre Foster Granados visits Albany Bishop Smith ordination Canonization of Pope John Paul II, Pope John XXIII Bishop Peter Smith 2014 Easter Vigil 2014 Walk of Cross 2014 Chrism Mass CYO basketball 2014 St. Patrick of the Forest 150th Catholic Charities Celebration of Hope, 2014 Boys2Men Archbishop visits Oregon State Penitentiary 40 Day Vigil for Life, 2014 Pope Francis creates new cardinals St. Henry shelter 2014 CYO swimming Funeral of Fr. George Wolf Travel on a budget Lunar New Year, 2014 Tech in Catholic schools 2014 Right to Life Rally Archbishop visits Santiam Prison First Mass in Oregon Milwaukie Posada St. Francis, Sherwood, Toy Drive Central Catholic football Typhoon Haiyan Deacon Ordination/ Kresbach, Schmitt A Catholic fisherman St. Cecilia Centennial Southern Oregon Welcome Mass Shepherd of the Valley, Central Point, dedication Grotto Anniversary 2013 Champions of Faith Dinner Gardenripe farms Coleman hop farm Corvallis Year of Faith Archbishop Howard at St. Rose Hitchhiking priests Franciscan Spiritual Center Sacred Heart, Medford Migrant Mass Tanzanians' jubilee World Youth Day 2013 2013 Blessing of the Animals 2013 Freedom Mass Albany school closure Fabric art Megan graduates from Catholic school St. Vincent de Paul Hillsboro 2013 Deacon ordination Sister Theresa Lamkin St. Helen Mission, Brownsville Marist Brainiacs St. Mary, Eugene St. Francis eighth graders Ascension confirmation 2013 Pastoral Ministry Conference St. Joseph Salem — Year of Faith Archbishop Sample's Installation Mass 2013 Archbishop Sample Chrism Mass 2013 2013 Young Catholics Pope Francis inauguration Celebration of Hope Vlazny Farewell Mass Archbishop Vlazny Farewell St. Paul Church in St. Paul Valley Catholic Green Building Rite of Election 2013 Water summit 2013 Lunar New Year Alveda King in Eugene New Monsignors, 2013 2013 Right to Life Rally MLK Mass, 2013 St. Henry, Gresham, Centennial Jesuit High drama School uniforms Friar in the mall Holy Trinity food ministry January Book Covers St. Andre Bessette food Year of Faith Mass Nestucca Sanctuary Hillsboro Choirs Father Betschart installation Salem Religious Freedom Rally Year of Faith Vespers, Awards Roy's Catholic School Adelante Mujeres 10th anniversary New Blanchet House Missionaries of Holy Spirit Priest, religious photos Providence Nursing Schools Pioneros Fortnight for Freedom Mark Bentz Deacon Ordination OLL School Walk Through Gaga over science St. Philip Neri Centennial Ordination of Bishop Cary SVDP, Grants Pass Holy Cross School centennial Confirmation - Mount Angel Holy Land Pilgrimage Blanchet Watershed Chrism Mass, 2012 Bishop-designate Cary Pope in Cuba, 2012 SSMO 125th Jubilee Mass Pope Benedict in Mexico 2012 Catholic Charities Celebration 2012 Madeleine Mardi Gras Centennial Rally for Life, 2012 Martin Luther King Jr. Mass 2012 Day Laborers-Guadalupe Guadalupe 2011 Christ the King, Milwaukie, 50th Sesame Doughnuts Central Catholic Volleyball St. Peter Centennial Deacon Ordination, October 2011 St. Agatha Centennial Rosary Bowl 2011 St. Wenceslaus, Scappoose, Centennial Filipino celebration Polish Festival 2011 Holy War Football 2011 World Youth Day 2011 Sun Gold Farm Our Lady of Victory's New Church Freedom Mass 2011 St. Mary Church Steeple Removal Priest reassignments, 2011 Old Catholic Buildings Paige Rice, St. Mary's runner Graduation 2011 Easter vigils 2011 Pastoral Ministry Conference Basketball Holy War 2011 Search for Peace 2011

Mt Angel Towers 8.13

Home : News : Nation and World
World financial system built as 'new idolatry,' cardinal says
Catholic News Service photo
Honduran Cardinal Oscar Rodriguez Maradiaga, president of Caritas Internationalis, gives his keynote address during a conference at the Bread for the World headquarters in Washington June 3. During the conference, Catholic experts looked at libertarianis m and why it is incompatible with Catholic social teaching.
Catholic News Service photo
Honduran Cardinal Oscar Rodriguez Maradiaga, president of Caritas Internationalis, gives his keynote address during a conference at the Bread for the World headquarters in Washington June 3. During the conference, Catholic experts looked at libertarianis m and why it is incompatible with Catholic social teaching.
Catholic News Service

WASHINGTON — The world financial system "has been built as a new idolatry," charged Cardinal Oscar Rodriguez Maradiaga of Tegucigalpa, Honduras, at a June 3 forum in Washington sponsored by Catholic University.

During his keynote address, Cardinal Rodriguez issued a ringing endorsement of the church's competency to critique economic systems.

Some of the church's critics ask, "What is the hierarchy of the church doing in the economy? They know nothing about the economy," Cardinal Rodriguez said in his remarks at the forum, "Erroneous Autonomy: The Catholic Case Against Libertarianism."

The church knows about the economy because "we know about the human being," the cardinal said. "The human being was not made for the economy, but the economy was made for the human being." Pastors "smell like the sheep," he added, borrowing a phrase from Pope Francis, and said libertarians and economists could benefit by being closer to the  people.

Cardinal Rodriguez was introduced by Richard Trumka, president of the AFL-CIO.

Trumka, a Catholic, described during the introduction his father and grandfather's life in a coal mining company town. Workers were paid in scrip redeemable only at the "company store," he said. His dad and granddad were clubbed by the "coal and iron police" as they were chased up the steps of the Catholic church in town -- the only parcel of land not owned by the company -- for trying to start a union, until the parish pastor, crucifix in his hands, stepped between his parishioners and the police, declaring, "This is sanctuary."

Upon hearing these travails, Cardinal Rodriguez said to Trumka, "I thought you were describing the mining situation in my country in the 1900s."

Libertarian philosophy over federal budget discussions is "really distorting the debate," said the Rev. David Beckmann, president of Bread for the World, the Christian citizens' anti-hunger lobby whose headquarters, a few blocks from the Capitol, hosted the forum.

Bread for the World is a member of the Circle of Protection, as is the U.S. Conference of Catholic Bishops. The "circle" is an alliance of faith-based organizations that has been pushing Congress this decade to spare the poor from the brunt of budget cuts.

However, in the fiscal year 2015 budget proposed by the House Budget Committee chairman, Rep. Paul Ryan, R-Wis., programs benefiting low-income Americans would be on the receiving end of 69 percent of the budget cuts, according to an analysis by the Center for Budget and Policy Priorities. Ryan, a Catholic, had once been an ardent follower of libertarian philosopher and author Ayn Rand, although in 2012 he rejected Rand's philosophy as atheistic. But Ryan has since come under criticism from some Catholic academics for misstating Catholic social teaching when issuing federal budget proposals.

Libertarians argue for maximum individual autonomy and freedom of choice, emphasizing political freedom, voluntary association and the primacy of individual judgment.

While dialogue between Catholics and libertarians should not be ruled out, it can be "difficult," said Meghan Clark, an assistant professor of theology and religious studies at St. John's University in New York, "because you don't share the same vocabulary."

While libertarians may say they embrace the Catholic principle of subsidiarity, which holds that decisions are best made by the smallest or least centralized competent authority, they are silent on the subject, Cardinal Rodriguez said, "when it comes to banks and corporations."

"Many of the libertarians do not read the social doctrine of the church," he added, "but now they are trembling before the Book of Piketty," a reference to French economist Thomas Piketty," whose 700-page book, "Capital in the Twenty-First Century," examining wealth inequality around the world, has become a surprise best-seller.

"Adam Smith (the colonial-era U.S. essayist) never thought of this" when he came up with his "invisible hand" theory of the economy, Cardinal Rodriguez said. "The invisible hand has become (a) thief. That is the problem. The hand has become so invisible it started stealing everything, corruption."

Despite the ills of the current system, Cardinal Rodriguez said political action may help change it. "Politics is often regarded as a dirty game," he said. "Who else but committed Christians can clean it up?"

Article Comment Submissions
Submit your comments, please. 
Comments are reviewed before being posted to the site. Comments must use respectful language and address the story. Comments are not posted immediately to the site. The site editor may edit content for appropriateness. There may be a delay of 24-48 hours. Comments may also be considered to appear as letters in our print edition, unless the writer specifices no.
Note: All information on this form is required. Your telephone number is for our use only, and will not be attached to your comment.
Submit an Article Comment
First Name:
Last Name:
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.

Advanced Search

Mary Jo Tully ~ The Path to Resurrection

News | Viewpoints | Faith & Spirituality | Parish and School Life | Entertainment | Obituaries | Find Churches and Schools | About Us | Subscriptions | Advertising
E-Newsletter | RSS Feeds

© 2016 Catholic Sentinel, a service of Oregon Catholic Press

Software © 1998-2016 1up! Software, All Rights Reserved