Yesterday, a department within the Vatican released a "note" urging the establishment of a "global public authority" and a "central world bank" to rule over institutions responsible for "inequalities and distortions of capitalist development."
While I question their motives, I do like the idea. At the moment, companies can setup shop in a nation with shoddy regulations and use it to practice unethical behavior. That said, the only way I would ever accept a global bank is if it were heavily regulated by the people.
Sources: Dylan Ratigan, Daily Caller, Chron
Tuesday, October 25, 2011
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