In paragraph 62 the bishops continue their strong critique of globalization in its economic aspects.
Pope Francis, who was responsible for chairing the committee that wrote the final version of the Aparecida document, has been criticized for his critique of capitalism. But his statements often reflect the experience of the Latin American church and the reflections of the documents of the Latin American Bishops Conference (CELAM).
Pope Francis, and the bishops at Aparecida, maintain that the emphasis on profit and competition often ends up in the economic and social inequalities prevalent in Latin America and the Caribbean, with a concentration of power and wealth in the hands of a few.
Led by a tendency that prizes profit and stimulates competition, globalization entails a process of concentration of power and wealth in the hands of a few, not only of physical and monetary resources, but especially of information and human resources.
Note that the concentration in not only in terms of resources but also in the control of information and human resources. How often the news media are controlled by those with economic and political power and so skew the news to support this concentration of power.
Looking at the economy from the perspective of profit and competition often results in further inequality, especially as such an economy often demands highly trained workers:
The upshot is the exclusion of all those not sufficiently trained and informed, thereby augmenting the inequalities that sadly characterizes our continent and that keep large numbers of people in poverty.
Today poverty means poverty of knowledge and of use of, and access to, new technologies. Hence, business people must take on their responsibility of creating more sources of employment and investing in overcoming this new poverty.