Vatican slams the world's 'amoral' financial systems, calls for regulations

(Image credit: ANDREAS SOLARO/AFP/Getty Images)

published 17 May 2018

The Vatican just served up a savage statement to a majority of the world: Our financial systems have created a "reckless and amoral culture of waste."

In a 15-page document loaded with economic terminology, the Vatican on Thursday called for financial regulation to restore ethics to the world.

Recent financial crises should've allowed countries to rethink their economies and restore equality, the Vatican said. "On the contrary, the response seems at times like a return to the heights of myopic egoism," the document said, adding that post-crises repairs exclude "the common good" and "the concern to create and spread wealth." It has all left the poor "without possibilities, without any means of escape," per the Church.

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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.

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