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Pope calls for global renewal in business

Published: March 19, 2010

Pope Benedict XVI

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The current economic situation is a moment of "opportunity" and could be a time for a "revision of development models and of a new organization in the world of finance", the Pope has told a gathering of businessmen.

Pope Benedict repeated the importance of one of the lessons in his most recent encyclical, Caritas in veritate, emphasising that putting the person at the centre of the economy is crucial, the Catholic News Agency reports.

Ethical and spiritual concerns should be favoured over those of strictly material and technical nature, he told the group that met him at the Vatican on Thursday.

The Pope restated his call for a reform of the United Nations: "while recommending that politics not be subordinate to financial mechanisms, I encouraged the reform and creation of an international juridical and political order (adapted to global structures of economy and finance) in order more effectively to achieve the common good of the human family."

Businesses can be "vital and produce 'social wealth' if the businessmen and managers are guided by a far-sighted view, that prefers investment in the long term to speculative profit and that promotes innovation instead of thinking of accumulating riches only for itself", he added.

FULL STORY

Pope Benedict calls for renewal of business world with human principles (Catholic News Agency)

 

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Recent Comments

  1. In a sense I feel sorry for the Pope because, as head of the Catholic Church, he feels he has a duty to speak about morality and ethics.
    But the Church is kidding itself if it believes anyone is going to listen to us with all our own problems with abuse and governance. These issues are major, major moral failures.
    I think the Church should stop issuing these statements until it looks at itself and reform itself first and foremost.
    We need a Third Vatican Council where everything is on the agenda.

  2. Elias: The Church is composed of human beings. There will always be moral failures, no matter how many Vatican Councils there are.
    In another century or two, there will probably be a Vatican III. But for now, the Church is still assimilating Vatican II.

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Daily Prayer

Gospel Verse for 31 July 2010
...though [Herod] wanted to put [John] to death, he feared the people, because they held him to be a prophet. [Matthew 14:5]

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