The Financial Times reports on a piece of silliness from the Pope:
Pope Benedict XVI on Tuesday condemned the “grave deviations and failures” of capitalism exposed by the financial crisis and issued a strong call for a “true world political authority” to oversee a return to ethics in the global economy.
One mistake the good Pontiff is making is to confuse capitalism and capitalists. One who cannot see the difference may fallaciously conclude that the greed of some capitalists is rooted in capitalism. Here is a post from a while back that counters the notion: