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. Last Updated: 07/27/2016

Pope: Economy Needs to Change

VATICAN CITY -- The global economic system must be radically altered if the world is to start reducing the number of people who live in hunger, Pope Benedict XVI said Sunday.

Citing a recent United Nations report, the Pope condemned "structural" problems in the global economy that diverted riches to a minority of the world's population.

"There is certainly a need to eliminate the structural causes linked to the system of governance of the economic model which allots the majority of resources to a minority of the population," the Pope said in his weekly Sunday address.

The UN's Human Development Index for 2006, released last week, said the combined income of the 500 richest people in the world now exceeds that of the poorest 416 million people.

The UN Food and Agriculture Organization said in a report last month that there were 854 million underfed people in the world and that number was increasing by 4 million per year.