February 28, 2015 10:47 AM EST
P ope Francis has once again spoken out about the global economic climate, decrying an economic system that “seems fatally destined to suffocate hope and increase risks and threats.”
Speaking in Rome, the Pope condemned what he called a “throwaway culture created by the powers that control the economic and financial policies of the globalized world.”
But he proposed a solution of sorts, in the form of economic cooperatives that would help spread wealth equally: “Money at the service of life can be managed in the right way by cooperatives, on condition that it is a real cooperative where capital does not have command over men but men over capital.”
He quoted his namesake, St Francis of Assisi, in calling money the “devil’s dung,” according to Vatican Radio . “When money becomes an idol, it controls man’s choices,” he added. “It makes him a slave.”
This is far from the first time the Pope has addressed the condition of the working class in the globalized world; in a speech at the U.N. last year, the Pope asked world leaders to redistribute wealth.
[Vatican Radio ]
The Most Surprising Photos of Pope Francis The wind lifts Pope Francis' mantle as he delivers his speech in front of Independence Hall in Philadelphia, on Sept. 26, 2015. Tony Gentile—AP Pope Francis looks at the Statue of Liberty from the window of a helicopter on his way to the John F. Kennedy International Airport, in New York City, on Sept. 26, 2015. L'Osservatore Romano/AP A Pope Francis mannequin rides around in a car in Times Square as New York City waits for the arrival of the Pope to the city, on Sept. 24, 2015. Timothy A. Clary—AFP/Getty Images Kaydn Dorsey, 4, and Lionel Perkins, 4, draw on a coloring sheet bearing the image of Pope Francis as they wait for him to arrive on a visit to Catholic Charities of the Archdiocese of Washington in Washington, on Sept. 24, 2015. David Goldman—Reuters Nuns with the Hospitaler Sisters of Mercy in Pleasantville, N.J., pose for a selfie with a cutout of Pope Francis, at the World Meeting of Families conference, in Philadelphia, on Sept. 22, 2015. Matt Rourke—AP Pope Francis blows out the candles of a birthday cake to celebrate his 78th birthday during a general audience at the Vatican on Dec. 17, 2014. Osservatore Romano/AFP/Getty Images Paying the bill at Rome's Domus Internationalis Paulus VI hotel, where Pope Francis stayed as a cardinal before entering the conclave and being elected pope. Osservatore Romano/AP Welcoming Pope emeritus Benedict XVI as he returns to the Vatican from the pontifical summer residence of Castel Gandolfo. Osservatore Romano/AP Holding a disabled child after celebrating Easter Mass. Alessandro di Meo—ANSA/Zuma Press Pope Francis masks in a factory in Brazil, where the Pontiff took his first overseas trip. Christophe Simon—AFP/Getty Images Leading the Worldwide Eucharistic adoration at the Vatican. Alessandra Benedetti—Corbis A gust of wind blows the pope's mantle. Alessandra Tarantino—AP Attending the opening of the Pastoral Convention of the Diocese of Rome. Stefano Rellandini—Reuters Leaving a welcoming ceremony at Guanabara Palace in Rio de Janeiro. Ricardo Moraes—Reuters Greeting the weekly General Audience. Stefano Rellandini—Reuters Pointing to the statue of Our Lady of Aparecida from the balcony of the Aparecida basilica in Brazil. Domenico Stinellis—AP A Catholic faithful in Brazil bears a sticker of Pope Francis on his forehead. Ueslei Marcelino—Reuters Images of Pope Francis projected onto screens at Copacabana beach in Rio de Janeiro. Paulo Whitaker— Reuters Departing Rio de Janeiro. Ricardo Moraes—Reuters A stray dog walks across the stage near the altar where Pope Francis celebrates the World Youth Day's closing Mass on the Copacabana beachfront. Victor R. Caivano—AP Listening to confessions of young people in a park in Rio de Janeiro. L'Osservatore Romano—EPA Posing with youths in Saint Peter's Basilica. L'Osservatore Romano—EPA Greeting the faithful on a rainy day during the General Audience. Fabio Frustaci—Eidon Press/Zuma Press Arriving to lead his General Audience in a firefighter's helmet. Stefano Rellandini—Reuters A quiet moment after meeting with Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo at the Vatican. Max Rossi—Reuters Marking the 110th anniversary UNITALSI, a Catholic organization dedicated to helping the sick. Francesco Zizola—NOOR for TIME A private Audience with Russian President Vladimir Putin. L'Osservatore Romano/AP Keeping warm during a General Audience. Alessandra Tarantino—AP Comforting a disfigured man at the end of his General Audience. Claudio Peri—EPA Blessing a sick man with deformed facial features. Evandro Inetti—Zuma Press Visiting the parish of the Sant'Alfonso Maria de Liguori during the Epiphany day. L'Osservatore Romano—AFP/Getty Images Reacting to devotees at a weekly General Audience. Alessandro Bianchi—Reuters A seagull attacks a dove released during a prayer conducted by Pope Francis.
Alessandro Bianchi—Reuters A scarf is tossed at Pope Francis by a faithful. Tony Gentile—Reuters Italian artist Mauro Pallotta's superhero rendering of Pope Francis in a street near St. Peter's Basilica. Alessandra Benedetti—Corbis Blowing a kiss to pilgrims gathered at Saint Peter's Square. Vincenzo Pinto—AFP/Getty Images Meeting with U.S. President Barack Obama in the private library of the Apostolic Palace in Vatican City. Vatican Pool/Contrasto/Redux With Queen Elizabeth and Prince Philip at the Vatican. Alessandra Benedetti—Vatican Pool/Corbis A wind gust lifts Pope Francis's mantle as he arrives at the traditional Washing of the Feet during Holy Thursday. Alberto Pizzoli—AFP/Getty Images Kissing a man's at the traditional Washing of the Feet. Alberto Pizzoli—AFP/Getty Images Visitors take photos of Pope Francis as he speaks from the central balcony of St. Peter's Basilica at the Vatican. Michael Sohn—AP More Must-Reads from TIME How Donald Trump Won The Best Inventions of 2024 Why Sleep Is the Key to Living Longer Robert Zemeckis Just Wants to Move You How to Break 8 Toxic Communication Habits Nicola Coughlan Bet on Herself—And Won Why Vinegar Is So Good for You Meet TIME's Newest Class of Next Generation Leaders