Pope Francis’s New World Order
The Vatican is using a Rothschild initiative to reform capitalism.
BY ANDREW MIILLER • DECEMBER 14
Big business may have finally found religion. On December 8, an alliance of finance chiefs announced the launch of the Council for Inclusive Capitalism With the Vatican. This organization is a coalition of Fortune 500 companies affiliated with the Roman Catholic Church and operating under the guidance of Pope Francis and Cardinal Peter Turkson.
The stated goal of the Council for Inclusive Capitalism With the Vatican is “to build a fairer, more inclusive, and sustainable economic foundation for the world” via environmental, social, and corporate governance. Yet the pope’s latest encyclical, Fratelli Tutti, is a scathing rebuke of free-market capitalism. So, the true purpose of the organization is to push for a centrally planned economy—with the Vatican doing the central planning.
The council is led by a core group of 27 leaders known as the Guardians for Inclusive Capitalism. The guardians include the ceos of Mastercard, Visa and Bank of America; the presidents of the Ford Foundation and the Rockefeller Foundation; and many others. Together, the council represents 200 million employees in 163 countries and has $2.1 trillion in market capitalization. If the Council for Inclusive Capitalism With the Vatican were a nation, its market value would be more than the market value of the United Kingdom, but not quite as much as the market value of France.
The guardians will meet annually with Francis and Turkson to receive guidance on how to reform capitalism. “An economic system that is fair, trustworthy, and capable of addressing the most profound challenges facing humanity and our planet is urgently needed,” the pope said at their inaugural meeting. “You have taken up the challenge by seeking ways to make capitalism become a more inclusive instrument for integral human well-being.”
Lady Lynn Forester de Rothschild is one of the Guardians for Inclusive Capitalism. She is the founder and managing partner for the Council for Inclusive Capitalism With the Vatican. Lady Rothschild is a member of the United States Democratic Party. She married Sir Evelyn Robert de Rothschild, a British financier, shortly after being introduced to him by Henry Kissinger at a 1998 Bilderberg Group conference in Scotland. The couple is friends with Bill and Hillary Clinton, who invited the Rothschilds to honeymoon at the White House.
Like the Clintons and Rothschilds, Pope Francis espouses an economic philosophy often called state capitalism, but which used to be called corporatism. While pure socialism is direct government control with no intermediaries, corporatism allows private enterprise but manages it via connected swathes of the economy called corporations.
Grieved by what he saw as the twin evils of capitalism and communism, Pope Leo xiii penned an encyclical, Revum Novarum, in 1891 describing Catholic corporatism. Its premise was that equality is a cruel illusion; people are happiest when placed in a hierarchy guided by the Roman Catholic Church. Competition is spiritually demeaning. Therefore business, labor and the state must work together in corporations. These corporations control the economy by setting quotas, prices and wages. They regulate individual behavior to protect the social order and supposedly provide a just standard of living for all. Abuses of power would allegedly be prevented by the moral guidance and advice of a Roman Catholic elite.
Randall Morck and Bernard Yeung summarize corporatism in a Capitalism and Society article titled “Corporatism and the Ghost of the Third Way.” “The church safeguards souls, and must retain power over all matters it judges necessary to this end, but should leave other matters to the prince,” they wrote. “The prince retains power he deems necessary for governing his realm, but other matters subside to the corporations. These retain powers they deem necessary to setting their just wages, prices and quotas, but other matters subside to the industrialists. Industrialists retain such powers as they need to govern their businesses, but details subside to shop foremen. These charge master tradesmen with task, but leave them to get on with it, and so on down to the lowest worker—who is still master in his house, and due unquestioning obedience from his wife and children.”
This system is basically Industrial Age feudalism, but it is the system the Council for Inclusive Capitalism With the Vatican is trying to set up. The guardians regulate “just wages, prices and quotas,” but under the overall guidance of the pope and the Prefect of the Dicastery for the Promotion of Integral Human Development. To understand how this system will ultimately work, look no further than Communist China.
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