Trade Policy

The Pope and Godless Capitalism

»Posted by on May 19, 2013 in ~Purple50 Blog, Trade Policy | 0 comments

The Pope and Godless Capitalism

Source: Pat Buchanan Town Hall A very important article, I highly recommend it “This is called slave labor,” said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. “Not paying a just wage … focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!” The pope is describing the dark side of globalism. Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago, had almost none? Because the Asian subcontinent is where...

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