“The modern state was founded on the monopoly on the use of military force and [printing] money,” he said.
“These two pillars are today challenged by the prospect of a progressive privatisation of public power, by the initiative of private financial powers, capable of challenging State prerogatives, even on those two fronts.
“Owners of immense wealth who now have a de facto monopoly in several key sectors and are building parallel, private monetary circuits.”
Mattarella also commented on the current war-ravaged international scenario.
“We are faced with contradictory feelings in these days approaching the New Year,” he said.
“On the one hand, the need to share the hope of a future of serenity and peace, matched by the prospects that the discoveries of science offer humanity.
“On the other, deep concern at a time characterised by wars and violence that make the world’s horizon uncertain.”
ANSA