Catholic Church Wants “Supernational Authority” with “Universal Jurisdiction” Over Global Economic and Policy Decisions
October 24th, 2011
In a blast from the past, the Catholic Church, which at one time held unilateral influence over the day-to-day affairs of the nobles and commoners of many nations across the regions of Europe, is weighing in on the global financial, economic and political crisis with a not so novel historically failed idea – one that would once again put the lives of the world’s population into the hands of a few.
In a statement released Monday by the Pontifical Council for Justice and Peace, the Vatican called for, “reforming the international financial and monetary systems in the context of global public authority.”
Think, for example, of peace and security; disarmament and arms control; promotion and protection of fundamental human rights; management of the economy and development policies; management of the migratory flows and food security, and protection of the environment. In all these areas, the growing interdependence between States and regions of the world becomes more and more obvious as well as the need for answers that are not just sectorial and isolated, but systematic and integrated, rich in solidarity and subsidiarity and geared to the universal common good.
This is a complex and delicate process. A supranational Authority of this kind should have a realistic structure and be set up gradually. It should be favourable to the existence of efficient and effective monetary and financial systems; that is, free and stable markets overseen by a suitable legal framework, well-functioning in support of sustainable development and social progress of all, and inspired by the values of charity and truth. It is a matter of an Authority with a global reach that cannot be imposed by force, coercion or violence, but should be the outcome of a free and shared agreement and a reflection of the permanent and historic needs of the world common good.