Pope Francis and Bernie Sanders wish a 'moral economy.' What's it?

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Source:   —  April 16, 2016, at 0:06 AM

"Man isn't in charge today, money is in charge, money rules. ".

Pope Francis and Bernie Sanders wish a 'moral economy.' What's it?

"Man isn't in charge today, money is in charge, money rules."

Pope Francis said that, but it'south not tough to imagine Bernie Sanders uttering the same words.

Sanders, the Jewish Democratic presidential candidate from Brooklyn, went to the Vatican Friday to connect the thrust for a more "ethical economy."

In his speech Friday, Sanders berated those who tell him that a "truly ethical economy is beyond our reach." He pointed to Pope Francis as "the world'south greatest demonstration against such a surrender to despair and cynicism."

So what precisely is a "moral economy"?

Related: 36.000 Verizon workers go on strike

Pope Francis spells out five key points in his many speeches and letters.

one. Inequality is distant too high

Pope Francis says the world has an "economy of exclusion" that's literally killing people because they don't have shelter or sufficient to eat even though food gets thrown far in many places. He goes as distant as to declare "trickle down" economics isn't working, and he encourages world leaders to not shy far from some re-distribution of wealth.

Related: Americans fear a life of 'dead-end crap jobs with crap wages'

two. We've to finish the "toss away" culture

Pope Francis points out how the well off around the world salivate for new things to buy. "The culture of prosperity deadens us" to what truly matters in life. Instead, we running after material things, many of which will be thrown away. He says this is a cultural and ethical problem.

Related: Meet the Millennial Martha Stewart. She's thirty-one and Japanese

three. Construct an ethical financial system

The Bible warns against the worship of idols such as a golden calf, but Pope Francis says the world has "created new idols" that are even more ruthless such as money. As he wrote in his well-known address ("Evangelii Gadium") at the finish of two thousand thirteen: "How can it be that it's not a news item when an elderly homeless person dies of exposure, but it's news when the stock market loses two points?" He says money should serve, not rule, over people.

four. Stop destroying the environment

In addition to calling out inequality, Pope Francis has increasingly criticized world leaders for allowing environmental destruction. "The Earth, our home, is beginning to see more and more love an huge pile of filth," he said. Pope Francis believes the technology and will is in space to modify our ways.

Related: Why doesn't 4.9 percent unemployment perceive great?

five. Finish corruption and 'self-serving tax evasion'

In late two thousand thirteen -- long before the Panama Papers -- Pope Francis called for an finish to "widespread corruption and self-serving tax evasion, which have taken on worldwide dimensions."

How to fix the problems?

Pope Francis and Sanders have both been called "radical" for what they're saying.

"People declare Bernie Sanders is radical? Uh-uh. Read what the Pope is writing," Sanders said recently on MSNBC Morning Joe.

But both of them have also been criticized for not providing sufficient concrete solutions.

Sanders tried to rebut that in his speech at the Vatican on Friday.

"As a world we're wealthy sufficient to expand our investments in skills, infrastructure, and technological know-how to meet our needs and to defend the planet. Our challenge is mostly a ethical one," he said.

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