Edward M. Welch, in “The Church Was Right about Capitalism,” noted the problem in a short article in the Jesuit weekly America. He concluded: “One does not get rich by taking money
from the poor. They do not have much money to take. You get wealthy by taking from the middle class. Perhaps taking from the poor is more of a sin, but the problem will never be dealt with until the majority in the middle realize that they too are being victimized.” (Crosby, Finding Francis, Following Christ, Orbis Books, 2008)
i.e., by urging us to spend, spend, spend. And get in debt, debt, debt. And never save one red cent.
ReplyDeletehttp://www.dailyreckoning.com/
rpt/USConsumerSpending.html
I call it the Greenspanning of America.