The stability of the Euro-zone, and even the EU, is threatened. All because of an economic system run out of control.
Yes personal greed played a part, yes Ireland acted like a teenager in a sweet store with a winning lotto ticket, but it seems to me that what is happening is much more systemic. The system of endless hyper-consumerism and limitless capitalism is lies exposed, a fallen emperor with no clothes.
– That all the world’s resources are ours; that the whole world is ours and we can control it and gain it.
– That life consists of consumption and consumption gives meaning to life
– That consumption is the dominant relationship with have with the world rather than stewardship and care
– That as long as consumption appears to work, life with God, others, creation and ourselves can be ignored
And here is where he said such lies would lead:
“The cultural lie, pushed by a well-paid priesthood, is fragmenting the lives of millions and producing shoddy goods …. We will be surprised when the fragmenter idol of consumption itself fragments. Recession, the fall of the dollar, the atrophying of compulsive buying and competitive world consumption will take their toll.”