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by toyg
3133 days ago
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Go to Italy; visit the new shrines to Padre Pio, or go to Rome and look and the industry flourishing around John Paul II merchandise, then let’s talk again about monetisation. They have a law where anyone can choose where to assign the 0.1% of their taxes, and every few years it’s tweaked to assign more and more to the Catholic Church by default - the Church already runs massive TV ad campaigns in tax season and is, of course, the major beneficiary of the money. They own massive amounts of real estate, and a lot of their properties are tax-exempt even when they host businesses and activities completely unrelated to the Church (this is source of continuous political debate and tweaking, year after year). And then, of course, there is all the stuff about their shady bank, who had to be dragged kicking and screaming into compliance with transparency laws (still not there), and all the stuff about their activities in the ‘70s (Roberto Calvi etc etc). The Church monetises quite a lot in my book. One of the reasons for current internal unrest is precisely the fact that this new pope doesn’t look as interested in the monetisation efforts as his predecessors, and that donations from the US (which had become, it is estimated, the pre-eminent source of cash over the last century) are drying up. |
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