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Pope Blasts Global Financial System As ‘Cult of Money’

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Pope Francis has denounced the global financial system, blasting the "cult of money" that he says is tyrannizing the poor and turning humans into expendable consumer goods. (Photo by Dan Kitwood/Getty Images)

Pope Francis has denounced the global financial system, blasting the “cult of money” that he says is tyrannizing the poor and turning humans into expendable consumer goods. (Photo by Dan Kitwood/Getty Images)

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VATICAN CITY (CBSDC/AP) — Pope Francis has denounced the global financial system, blasting the “cult of money” that he says is tyrannizing the poor and turning humans into expendable consumer goods.

In his first major speech on the subject, Francis demanded Wednesday that financial and political leaders reform the global financial system to make it more ethical and concerned for the common good. He said: “Money has to serve, not to rule!”

It’s a message Francis delivered on many occasions when he was archbishop of Buenos Aires, and it’s one that was frequently stressed by retired Pope Benedict XVI.

Francis, who has made clear the poor are his priority, made the comments as he greeted his first group of new ambassadors accredited to the Holy See.

According to an April Pew Research Center study,  Pope Francis is viewed favorably by an overwhelming majority of U.S. Catholics. More than eight-in-ten (84 percent) say they have a favorable impression of the new pontiff, including 43 percent who express a very favorable view.

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

 

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