They put the bad part at the very bottom. More ESG fuckery.
The Catholic Church isn't some hedge fund whose primary duty to its stakeholders is to return a profit; the Catholic Church's duty is to uphold Catholic ideals and perpetuate the Catholic faith. It should make moral judgements about the companies it invests in, because it is investing money donated to the church to advance a moral cause.
“Nationalize” means place under state control. This, a private business, say, managing “rent” of Vatican properties, or conducting business there (tours, perhaps?), might suddenly find its assets seized by the state…
Now, given the Vatican probably doesn’t have that many private businesses operating within its bounds specifically, that matters less, but the trouble is that the Vatican owns many, many assets external to the “country” itself, including, for example, an observatory in the US these days…
So… It’s not quite as simple as you’re making out, because maybe you didn’t quite understand the meaning of “nationalize” here. Or maybe you’re underestimating just how much property they own externally. Idk…
“Nationalize” means place under state control. This, a private business, say, managing “rent” of Vatican properties, or conducting business there (tours, perhaps?), might suddenly find its assets seized by the state…
You're taking the word "nationalize" that the article's author made up as if it was fact. The Catholic Church doesn't violate the principle of private property.
The Catholic Church isn't some hedge fund whose primary duty to its stakeholders is to return a profit; the Catholic Church's duty is to uphold Catholic ideals and perpetuate the Catholic faith. It should make moral judgements about the companies it invests in, because it is investing money donated to the church to advance a moral cause.
Correct, however the current pope is Jewish satanist communist so his idea of good "morals" are pure evil.
That's not true.
Then you're not paying attention.
I'd argue you're seeing what you want to see.
This isn’t quite as simple as that…
“Nationalize” means place under state control. This, a private business, say, managing “rent” of Vatican properties, or conducting business there (tours, perhaps?), might suddenly find its assets seized by the state…
Now, given the Vatican probably doesn’t have that many private businesses operating within its bounds specifically, that matters less, but the trouble is that the Vatican owns many, many assets external to the “country” itself, including, for example, an observatory in the US these days…
So… It’s not quite as simple as you’re making out, because maybe you didn’t quite understand the meaning of “nationalize” here. Or maybe you’re underestimating just how much property they own externally. Idk…
You're taking the word "nationalize" that the article's author made up as if it was fact. The Catholic Church doesn't violate the principle of private property.
Article is much too vague and contains no details or links to:
-a new law published Thursday
-The London property profiteering
-clarification of 'essentially' nationalized all assets and property owned by Vatican departments and affiliated institutions
Sorry but this article is crap. Will keep an eye out for better reporting.
The previous pope was overthrown so that they could install a globalist communist NWO pope