Regarding the global financial crisis and the USA’s impending bailout of financial institutions: From Bishop Alan’s blog, we are seeing
a new form of “socialism” that, having privatised the profits is now socialising the losses.
And from Bono:
It’s extraordinary to me that the United States can find $700 billion to save Wall Street and the entire G8 can’t find $25 billion dollars to saved 25,000 children who die every day from preventable diseases.
The voices of the churches seem extraordinarily muted on this.