New financial system needed to curb greed, say theologians and economists

Theologians, anti-poverty advocates and economists meeting in Brazil to develop principles for a new global economic system have issued a declaration naming over-consumption and greed as key factors to be addressed in seeking a more just distribution of the world’s resources.

The statement was issued Friday at the conclusion of the “Global Ecumenical Conference on a New Economic and Financial Architecture” in Guarulhos, a suburb of São Paulo. Sixty delegates met from 29 September to 5 October at the conference organized by the World Communion of Reformed Churches (WCRC) in partnership with the World Council of Churches (WCC) and the Council for World Mission (CWM).

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