Pope Francis warns that the global economy is near collapse as the behaviors of this money worship economy is growing to a new height where it cannot go on much longer. The 77-year-old Pope did not sugar coat what he was attempting to convey to the world.
He basically said the world cannot take much more and the economic system is in grave danger of a collapse, according to the Huffington Post on June 14. The economy which is "built on money worshiping, scarred by yawning inequality and youth unemployment cannot survive," said the Pope.
One of the biggest worries conveyed by the pontiff is youth unemployment, which according to the International Labor Organization hit 13.1 percent in 2013. The pope said he is very worried about the unemployment rate for all people, which is 50 percent in some countries.
The pope was told that 75 million young Europeans are unemployed and he called this an "atrocity." According to the International Labor Organization the 75 million unemployed the Pope spoke about is actually the stats for the entire world.
According to Economic Times, this is still too much unemployment on the globe and the pontiff warns that the world cannot support much more of this, which the Pope believes will end in a system collapse. Pope Francis believes that an entire generation is being discarded to maintain an economic system that "no longer endures."
"Inequality is the root of social evil" this is what Pope Francis had to say about the wealth gap that is widening in the world. While people in the U.S. are very in tune with the economy problems in this country, just a trip through a local supermarket to look at the prices will tell you something is very wrong, the rest of the world is experiencing the same thing.
In many countries it is much worse than it is in this nation. Pope Francis is becoming a frequent voice in the problems with the global economy and if there is a collapse, as he suggests the world is teetering on today, the world will be one scary place to live in, even more so than it already is today.