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FUMARE

Law, culture, and Catholicism...up in smoke!

Tuesday, March 20, 2007

It's Just Fiction and Fiction and Fiction . . .

Regular FUMARE readers will know of the on-going discussion among members as to whether Catholicism is compatible with the Spirit of Capitalism. Our last foray into this topic led to some interesting discussion that was appreciated by some of our readers.

Well today, there is this very revealing video of Mad Money's Cramer pulling back the veil on the reality of Wall Street and our sophisticated market system.

Without trying to sound like a sandal wearing Jesuit, are these attenuated markets "structures of sin"? How secure is our national interest when our markets are kept afloat by "fiction and fiction and fiction"? What happens to a nation in the long term that has an economic public policy skewed towards this kind of financial market, rather than the more mundane tasks of growing food and making useful things?

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