Even the Pope is saying current economic policies around the globe are nutso. From the New York Times, Pope Urges New World Economic Order:

Pope Benedict XVI on Tuesday called for a radical rethinking of the global economy, criticizing a growing divide between rich and poor and urging the establishment of a “world political authority” to oversee the economy and work for the “common good.”

He criticized the current economic system, “where the pernicious effects of sin are evident,” and urged financiers in particular to “rediscover the genuinely ethical foundation of their activity.”

Here is the Pope's Caritas in Veritate.

on outsourcing