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Capitalism dead: Cardinal Murphy-O'Connor

Published: January 07, 2009

Soon to retire Westminster Cardinal Cormac Murphy-O'Connor has caused a stir by telling a gathering of businessmen that "capitalism is dead" as a result of the current world economic crisis.

The UK Telegraph reports Cardinal Murphy-O'Connor, 76, made the claim at a lavish fundraising dinner at Claridges which secured pledges of hundreds of thousands of pounds for the restoration of Westminster Cathedral.

The Cardinal, dressed in his full clerical regalia, said in a speech at the black tie dinner that he had worried whether the dinner should go ahead because of the troubled economic times.

But he went on to say that in 1989, with the collapse of the Berlin wall, that "communism had died". In 2008, he said, "capitalism had died".

The paper says that Cardinal Murphy-O'Connor's remarks will cause dismay in Downing Street as the Cardinal's remarks will be interpreted as a signal that the entire economic order has collapsed.

The Government has clashed with the Cardinal before over homosexual adoption, abortion and the Embryology Bill. One Whitehall source said: "We would like the Church to work with us, not against us."

The remark caused astonishment in the ballroom, where the dinner was held, to launch an £8 million "Faith in the Future" appeal for money for the work of the bishops in England and Wales.

One guest who was present, who declined to be named, said: "I could hardly believe my ears. The Cardinal announced that, in his view, that Communism had died in 1989 and capitalism had died in 2008 because of the credit crisis.

"His remarks were part of a carefully considered thesis that it was capitalism that had got us into this mess and had died because of it. It was not just remarkable that he thinks that but it was remarkable that he said it in a room packed with some of the richest and most influential Catholics in the land. Those same capitalists pledged a six figure sum to the Church appeal."

The four course dinner, with a champagne reception, had been provided free of charge by Derek Quinlan, the property developer, who owns Claridges who is worth an estimated £60 million.

Last month the Cardinal issued a statement on the economic crisis which said: "Religious leaders are not normally economists, however, they cannot ignore the damaging human consequences of the rise and fall of economic indicators. Behind the gloomy headlines are cities, neighbourhoods, families, individuals deeply affected by the economic breakdown; and the hardest hit will be the poor: those already struggling to survive. Christians have a paramount concern for the poor. This "preferential option for the poor" is a constant theme in Catholic social teaching."

A spokesman for the Cardinal said: "They were private remarks at a private dinner."

SOURCE 

Cardinal says credit crisis has killed capitalism (UK Telegraph, 6/1/09)

UK''s Roman Catholic Cardinal says credit crisis has killed capitalism (ThaiIndian, 6/1/09)

 

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Recent Comments

  1. Yes it is true. I fully agree with the cardinal. It is the realization of MAGNIFICAT.PRIVATIZATION IS A DENIAL OF GOD THE CREATOR. IT ALSO SHOULD COLLAPSE FULLY SO THAT THE ACCEPTABLE YEAR OF THE LORD, MISSION OF CHRIST WILL BE FULLY REALISED.

  2. Capitalism is dead. Alleluia! Hopefully along with it will die all the shallow consumerism which serves only to lie to us about what is important in life as Christmas has once again shown. Now is a divine chance for Catholics and Christians to lead the way to a new form of living. Basic Christian communities, perhaps. Living simply so that others can simply live. Too radical?

    Oh my God! We are in for a bumpy ride. Any change will affect everyone but most of all, the poor and voiceless. It frightens me. Let's just hope and pray constantly that in the transition to whatever may follow on from this current crisis, if indeed capitalism is dead, we will not fall into the folly of violence. It's too much for this little head to cope with. The fall of communism hasn't yet resulted in the happy outcome for many of the people in post-communist countries. We all thought, "now that they ahve seen the folly of communism and embraced the gods of capital, they'll be fine". Huh! Is our secular world so great? All I ever hear of is that corruption and confusion have taken its place. We need to remember that unless the traumas of either regime are dealt with, those who have been traumatised will act out their pain unless they are given opportunities to understand and heal otherwise the endless cycle of trauma screaming to be heard will continue.

    Will we be a light to the world? Will we be salt for the earth or will we just sit around arguing about whether we should be receiving communion on the tongue or in the hands or that "I" am right and "you" are wrong.

    Come Holy Spirit and renew the face of the earth".

  3. Maybe Cardinal Cormac Murphy-O'Connor should heed the words of the Lord "Render unto Caesar that which is Caesar, and unto God, that which is God's".
    Capitalism is not dead but there will need to be a review and rebuild of the world's economic and financial structure as launched at Bretton Woods just after WW2 as well as providing better regulatory frameworks that will allow capitalism to work better.

  4. Communism is almost dead except for the few remaining nations who hold their people in its evil grip. Capitalism- the other evil- in its unregulated and unbridled permutation, is a little more alive and kicking ,even though the system would have fallen had not the governments fo the world bailed out this system to the tune of trillions of dollars.

    Capitalism can ONLY be good when it is regulated according to objective moral standards, social and cultural and religious and family considerations being enshrined into our legal system.
    The wholesale selling of government assets and businesses to the private sector since the 1980s has been a huge mistake.
    Sadly, the 'mainstream' media and our main political parties and the talking heads of the corporate sector, particularly in the finance industry continue to of course speak within the limiting parameters of their bosses to futilely prop up a respectability for the system that is simply not deserved.
    In Australia, only the Democratic Labor Party ( DLP) stands for a capitalism modified according to the moral and cultural standards of subsidiarity and solidarity from a Labor perspective and of the kind of trade unionism that promotes bread and butter worker issues as well as a genune promotion of the common good.

  5. Michael Webb: The DLP is dead, if it isn't, it bloody should be. A facist lot of religious fundamentalists they are.

  6. In order to block the privatisations, lack of union rights of entry-yes even under the ALP ! not just the Libs; also to reduce excesses and the corruption of private corporations in Australia in the organised way in whcih they and 'mainstream' political parties in government have given the green light for increased profit share via reduction of wages and entitlements to workers- all of these things and more- vote for the DLP in the Senate federally and vote DLP in NSW on the Upper House ( Legislative Council) ballot paper.
    This is the best and most effective way to restrain the greed of big business people who think they have a right to have unfairly exhorbitant profits at the expense of and by impoverishing workers through lower wages and conditions since the 1980s and continuing. The politically correct focus agendas of the ALP and the Coalition need to be smashed through your vote. The DLP are here; please consider joining us as a member today.

  7. Dear T J lawson

    So I take it you would like to see a continuation of the now entrenched support for the corporate overdogs and the continued reduction of wages for workers and the continued ill-health of small and medium sized businesses? This is the legacy of privatisations and of commercial legislation that helps the overdogs. I would think that the current situation is the real fascism T J.
    Once again, I ivite you to read the rules of the DLP ( it is basically the pre split ALP rules). We are the old ALP minus the anti-Christian social engineering and we are stronger than Rudd on industrial relations and unions as we support MORE worker and union rights of entry for 35 hr working week, pro worker enterprise agreements and award strengthening. The DLP leaves the ALP and the Coalition for dead when it comes to pro Aussie worker protections. We also believe in divestiture legislation to break up the big corporations market share so as to give back to small and medium businesses.

  8. Communism and capitalism are only 'isms' and essentially not of the true God. Surely both these 'isms' are more connected to the false god of mammon rather than to Jesus. Obviously, like other ideologies and 'isms' that are not based on Truth (ie Jesus), collapse is inevitable.

  9. "The Cardinal, dressed in his full clerical regalia"
    What a typical baseless anti-Catholic jibe by the media. Amid all the designer evening gowns and black-tie dinner-suits, probably the Cardinal was the most cheaply-dressed person in the room.

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