Anglican and Roman Catholic leaders say the market is lacking morals

July 12, 2009
Larry B. Stammer
LA Times

In the midst of a global recession, religious leaders are looking beyond the recent regulatory fixes and bailouts aimed at repairing an ailing financial system.

They are questioning the underlying assumptions of a market economy that they say has lost its moral bearings.

Last week, Pope Benedict XVI issued an encyclical, a papal pronouncement, that decries the divide between rich and poor.