Alan K. Henderson's Weblog

The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican’s Justice and Peace department should please the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn.

“Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” was at times very specific, calling, for example, for taxation measures on financial transactions. “The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence,” it said.

It condemned what it called “the idolatry of the market” as well as a “neo-liberal thinking” that it said looked exclusively at technical solutions to economic problems. “In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,” it said, adding that world economics needed an “ethic of solidarity” among rich and poor nations.

You know, Adbusters is also very much involved in the Occupy Wall Street Now movement. And David Brooks, you know, a clock is right twice a day. David Brooks has a column in the New York Times today with an interesting implication. He writes that the impetus for Occupy Wall Street was sparked by Adbusters magazine.

Now, Adbusters magazine, you may not have heard of them, but within certain circles Adbusters magazine is known for quite a lot and one of the things that they did that stands out was an essay in 2004 entitled "Why Won't They Say They Are Jewish?" David Brooks says that that 2004 essay in Adbusters outed influential Jews as a tiny elite with a nefarious grip on America. The old Jewish power brokers, the movies, the bankers, that stereotype, that conspiracy theory.

The Jew-hatred among protesters and sympathizers is diverse and unapologetic. It is, in fact, atmospheric. Tune in randomly to live television coverage of the spectacle and you’ll see—as I did—placards scapegoating Israel, Zionism, or “Hitler’s bankers.” Check out the continuous flurry of protest-supporting tweets and blog posts, and you’ll get more of the same.

You know I am not a Christian but it would be priceless if aliens showed up and started talking about saving our souls for Jesus just to see the look on Dawkin’s face.