Pope urges 'world authority' to govern economy

Pope urges 'world authority' to govern economy, finance | Money & Company | Los Angeles Times: "In the face of the unrelenting growth of global interdependence, there is a strongly felt need, even in the midst of a global recession, for a reform of the United Nations Organization, and likewise of economic institutions and international finance, so that the concept of the family of nations can acquire real teeth.
To manage the global economy; to revive economies hit by the crisis; to avoid any deterioration of the present crisis and the greater imbalances that would result; to bring about integral and timely disarmament, food security and peace; to guarantee the protection of the environment and to regulate migration: for all this, there is urgent need of a true world political authority"

This proposals was in his long-awaited encyclical encyclical Caritas in Veritate (Love in Truth) released before the G8 leaders gathered in Italy to discuss the global crisis.