Roman Catholic

Pope Francis Decries 'Cult of Money'

Says the free market has created tyranny

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Pope Francis has called on world leaders to end the "cult of money" and to do more for the poor, in his first major speech on the financial crisis.

Free market economics had created a tyranny, in which people were valued only by their ability to consume, the pontiff told diplomats in the Vatican.

"Money has to serve, not to rule," he said, urging ethical financial reforms.

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