Irish bishops reject 'bonus culture' of capitalism run amok

Archbishop Diarmuid Martin of Dublin, Ireland, is pictured in Rome in this Dec. 11, 2009, file photo. (CNS photo/Paul Haring)

Facing an economic crisis that has produced record unemployment, staggering levels of household debt, and deep political unrest, the Catholic bishops of Ireland have issued a stinging critique of “the excesses of advanced capitalism” and its “bonus culture,” calling for an economy rooted in social solidarity as opposed to “radical individualism.”

Pressing beyond abstractions, the bishops pointedly call upon the Irish public to support higher tax rates in order to fund social services, especially for low-income workers and migrants.

The bishops warn that if the “justifiable anger” over the economic collapse is not addressed, “the specter of social fragmentation and violence cannot be ruled out.”

The Council for Justice and Peace of the Irish bishops’ conference issued its statement, “From Crisis to Hope,” this morning in Dublin, just five days ahead of national elections in Ireland on Friday.

Help fund independent Catholic journalism.
Donate now.

With the collapse of socialism as political force, the Irish bishops write, “we are witnessing for the first time the emergence of a more radical individualism which has little sensitivity to the nature and significance of belonging to a society.”

Read the full story here: Irish bishops reject 'bonus culture' of capitalism run amok

Support independent reporting on important issues.

 One family graphic_2016_250x103.jpg

Show comments

NCR Comment code: (Comments can be found below)

Before you can post a comment, you must verify your email address at
Comments from unverified email addresses will be deleted.

  • Be respectful. Do not attack the writer. Take on the idea, not the messenger.
  • Don't use obscene, profane or vulgar language.
  • Stay on point. Comments that stray from the original idea will be deleted. NCR reserves the right to close comment threads when discussions are no longer productive.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report abuse" button. Once a comment has been flagged, an NCR staff member will investigate.

For more detailed guidelines, visit our User Guidelines page.

For help on how to post a comment, visit our reference page.

Commenting is available during business hours, Central time, USA. Commenting is not available in the evenings, over weekends and on holidays. More details are available here. Comments are open on NCR's Facebook page.