Monday, August 19, 2013

USCCB blog criticizes income inequality, Austrian School of economics



CWN - August 19, 2013




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Writing for the blog of the United States Conference of Catholic Bishops, a priest who serves as a labor union official linked “rampant” income inequality to the Austrian School of economics.

After citing Popes Benedict’s criticism of “unregulated capitalism” and Pope Francis’s criticism of “ideologies which uphold the absolute autonomy of the markets and financial speculation,” Father Clete Kiley said that this economic philosophy, borne [sic] of the Austrian School of Economics, is at the heart of this income gap. Pius XI called this philosophy “the poisoned spring.” In this philosophy, no one cares about income gaps; after all, it’s all about me. Implementing unregulated free market capitalism necessarily means rolling back safety regulations, outsourcing jobs, cutting back hours, bringing in immigrant guest workers without labor protections, eliminating entitlements and mounting a coordinated effort to break labor unions.

Father Kiley serves as director for immigration policy at UNITE HERE, a labor union formed in 2004 that has 265,000 members.


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Labor Day Reflection: Income Inequality, Labor Unions and a Call to Vigilance (USCCB Blog)
UNITE HERE (Wikipedia)


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