Pope Benedict today pinned responsibility for the worldwide recession squarely on greed and an amoral fascination with technological progress for its own sake.
This must be tackled, he said, by the creation of a global political authority and financial order based not just on the search for ever greater profits, but on ethics and a sense of the common good.
The pontiff made the appeal in a 144-page encyclical – a reflection on doctrine that is the highest form of papal writing – three days before he was due to discuss the global downturn with Barack Obama.
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