generating a return on principle
Primary
  • News
  • Daily Mass Readings
  • Faith at Work
    • Catholic Business Profiles
    • Conferences & Events
    • History
    • Obituaries
    • Prayer Requests
    • Saints at Work
    • Travel & Pilgrimages
    • About Faith & Work
  • Life & Liberty
    • CSR: Catholic Social Responsibility
      • Family & Society
      • Life Issues
      • End of Life Issues
      • Stewardship
      • Work, Profit & Property
    • Freedom
      • Religious Freedom
  • Money & Ethics
    • About Money & Ethics
    • Financial Services
      • Accounting & Taxes
      • Banking
      • Debt Solutions
      • Lending
      • Wealth Management
    • Investing
  • Voices
    • Bishops’ Corner
    • Columns
      • David G. Bjornstrom
      • Fr. George Rutler
      • Gregory Weiler, Esq.
      • Ken Lambert
      • Thomas Carroll, CFA
      • Thomas M. Loarie
      • Tim Busch
      • Tim Von Dohlen
  • This Week in History
  • Business Directory
  • Radio Programs & Podcasts
    • The Mentors Radio
  • Guest
    • Your Business Listings
    • My Account
    • Log Out
  • Login
  • Add a Business Listing
  • Advertise
 
  • Facebook
  • LinkedIn
  • Twitter
  • News
  • Daily Mass Readings
  • Faith at Work
    • Catholic Business Profiles
    • Conferences & Events
    • History
    • Obituaries
    • Prayer Requests
    • Saints at Work
    • Travel & Pilgrimages
    • About Faith & Work
  • Life & Liberty
    • CSR: Catholic Social Responsibility
      • Family & Society
      • Life Issues
      • End of Life Issues
      • Stewardship
      • Work, Profit & Property
    • Freedom
      • Religious Freedom
  • Money & Ethics
    • About Money & Ethics
    • Financial Services
      • Accounting & Taxes
      • Banking
      • Debt Solutions
      • Lending
      • Wealth Management
    • Investing
  • Voices
    • Bishops’ Corner
    • Columns
      • David G. Bjornstrom
      • Fr. George Rutler
      • Gregory Weiler, Esq.
      • Ken Lambert
      • Thomas Carroll, CFA
      • Thomas M. Loarie
      • Tim Busch
      • Tim Von Dohlen
  • This Week in History
  • Business Directory
  • Radio Programs & Podcasts
    • The Mentors Radio

Economy needs to recover ethics and the ‘logic of giving,’ Pope explains


Vatican City (CNA)—This morning in Rome, the Pope interrupted his series of teachings on the saints to explain the essential thoughts contained in his new social encyclical, published yesterday. In the face of the world’s “vast and profound” problems, Benedict XVI stated that the world economy must recover ethical principles.

 The encyclical, explained the Holy Father, highlights the fact that “charity in truth is the principal driving force behind the authentic development of every person and of all humanity. … Only with charity, illuminated by reason and by faith, is it possible to pursue development goals that possess a more humane and humanizing value.”

The document, he went on, “intensifies Church analysis and reflection on social themes of vital interest to humankind in our century. In a special way it harks back to what Paul VI wrote more than forty years ago in his ‘Populorum progressio.'”

In a manner similar to all papal teachings, Pope Benedict noted that “‘Caritas in veritate.’ does not seek to offer technical solutions to the enormous social problems of the modern world. …What it does do is recall the fundamental principles that are indispensable for building human development over coming years.”

At the core of the Pope’s message is “concern for the life of man, seen as the center of all true progress; respect for the right to religious freedom; … and the rejection of a Promethean vision of human beings which sees them as the sole architects of their own destiny.” “Upright men and women are needed, both in politics and in the economy, people sincerely concerned for the common good,” he said.

Referring then specifically to “world emergencies,” the Pope spoke of the urgent need to call “public opinion to the drama of hunger and of food security,” which “must be faced decisively, eliminating the structural causes which produce it and promoting agricultural development in the poorest countries.”

Any overhaul of the world’s economy requires ethics in order to “function correctly,” the Holy Father stressed. “It needs to recover the important contribution of the principle of gratuitousness and the ‘logic of giving’ in the economy and in the market, where profit cannot be the only rule. “But this is possible only through commitment on the part of everyone, economists and politicians, producers and consumers, and it presupposes a formation of consciences capable of strengthening moral criteria in the elaboration of political and economic projects.”

Another necessity, the Holy Father proceeded, “is for all humankind to practice a different lifestyle, one in which each individual’s duties towards the environment are linked to his or her duties towards human beings, considered both in themselves and in relation to others.” Finally, Pope Benedict turned to the world’s “vast and profound problems,” and underscored the “need for a world political authority regulated by law, one that observes the principles of subsidiarity and solidarity and is firmly directed towards attaining the common good, while respecting the great moral and religious traditions of humanity.”

The Pope finished his address by asking the faithful to pray that “this Encyclical may help humankind to feel itself to be a single family, committed to creating a world of justice and peace.” He also called upon them to pray for “the heads of State and government of the G8 who are currently meeting in L’Aquila, Italy. May this important world summit generate decisions and directives that serve the true progress of all peoples, especially the poorest.”

 

This form is currently undergoing maintenance. Please try again later.

2nd Sidebar

Daily Mass Readings

Memorial of St. Peter Claver, Priest
Daily Mass Readings »

Recent Columns

When Courage Comes Full Circle: The Reinstatement of FBI Whistleblower and Notre Dame Graduate Steve Friend

By admin

The Book That Will Change How You See Yourself (and Everyone Else)

By admin

There Is No Greater Gift Than to Be Known: Finding and Creating Joy in the Dementia Journey

By admin

Bishop’s Corner

SAINTS AT WORK: Pope Leo XIV recalls the ‘life and witness’ of St. Augustine on his feast day

CNA—Pope Leo XIV recalled what the “life and witness” of...

Archbishop Cordileone: Focus on Liturgy–Special Message and Request for Prayers for Conclave, election of new pope

As reported by the Benedict XVI Institute, contrary to the...

Exhortation to Prayer for the Eternal Rest of Pope Francis and for the Sacred College of Cardinals

Let us join the universal Church in prayer for the...

Latest Faith at Work News

The Maybe Dangerous Seduction of AI Writing Tools

When Courage Comes Full Circle: The Reinstatement of FBI Whistleblower and Notre Dame Graduate Steve Friend

Minnesota school shooting came after bishops’ pleas for security went unanswered

They were praying when they were struck by gunfire. These are the victims of the Minneapolis church shooting

Heartfelt MN Annunciation Catholic parish school Letter after school shooting gives more insights to tragic event

Latest Money & Ethics News

Obit: Remembering Dr. James Hitchcock

Catholic Business Profile: Filipino millionaire devotes his life to works of mercy, Marian consecration

THREE POPES—Benedict XVI, Francis, and Leo XIV—recommend this book, which warns of a world without God

Who is Robert Hugh Benson, author of “Lord of the World”?

30 Pieces of Silver

Featured Business Listing

Anchor Point Capital

Download Free Reports

  • Free Report – “Money & Ethics”

Browse Topics

  • Faith at Work
  • Money & Ethics
  • Radio Programs & Podcasts

More Great Articles

Joe Biden signs Executive Order to Force you and I to pay for travel expenses to Kill the Most Vulnerable: Unborn infants

Even More Great Articles

THREE POPES—Benedict XVI, Francis, and Leo XIV—recommend this book, which warns of a world without God

Who is Robert Hugh Benson, author of “Lord of the World”?

BOOK REVIEW: The Church Needs Wounded Healers

A Jubilee of Hope spiritual reading list on Christian hope

BOOK and Saint: Saint Claude de la Colombiere and His Little, Life-Changing Book

CATHOLIC BUSINESS PROFILE: Dan McClory—International Banker, Boustead Securities

BOOK: The Cross as a Universal Symbol: A Fascinating Blend of History and Inspiration

FOR MORE ARTICLES ON "FAITH AT WORK" CLICK HERE


FOR MORE ARTICLES ON "MONEY AND ETHICS" CLICK HERE

Visit our sponsor:

Your ad here!
  • Manage Account
  • News
  • Contact Us
  • My Listings
  • New Post
  • Author Index
  • Keyword Index
  • Advertise
  • Free Reports
  • Press Releases
  • Disclaimer
  • Facebook
  • Twitter
  • LinkedIn



Copyright 2020 © Catholic Business Journal

Login

Register |  Lost your password?