Tax and robber baron economics

The Pontifical Council of Justice and Peace met in early December at a plenary session in Rome. There, it issued a statement with the modest title: “A Note on Financial Reform.” That modest title masks a dramatic analysis of the global financial system. Elementary goods like food, the statement asserts, are lacking to millions in the developed world and to billions in the developing world. The condition of extreme hunger in the world is not simply the result of Read More …