Home
/
RELIGION & LIBERTY ONLINE
/
Benedict: Economy Needs People-Centered Ethics
Benedict: Economy Needs People-Centered Ethics
Apr 6, 2025 6:02 PM

In a February 10 wire story by ANSA, it was reported that Benedict XVI has once again exhorted economists and leaders to place “people at the center of [their] economic decision-making” and reminded them that the “global financial crisis has impoverished no small number of people.”

For those who follow Benedict closely in Rome, one might wonder why the Holy Father’s words, delivered during his February 10 general audience, even made national headlines. To be sure, it is not the first time we hear the Holy Father expressing his views on the price the world is still paying for not placing the human person, along with and our God-given freedom, innovation and basic dignity, at the core of economic models and financial choices.

The pope is perhaps sounding like a broken record, criticizing and admonishing the “same-o, same-o” regarding the global financial crisis and the Church’s social teachings. Why so?

No doubt, a wave of recent woes in the European financial news have caused Benedict grave concern.

The robust euro currency has experienced a precipitous fall since January 1, and especially so since emergency meetings were held in Brussels last week to save Greece — one of Europe’s most corrupt nations and lowest-ranking economic performers — from Euro-zone fall out; while earlier this week, in an unprecedented move, Germany and France threw on their red capes to rescue the cradle of Western civilization from the brink of financial disaster. Then there were the corrupt public officials in Spain who finally received severe sentencing for illegally boosting a once-thriving Spanish housing market. And the local financial reports became even more bleak in Italy, when in late January two of the country’s “too-big-too-fail” production plants (at Fiat and Alcoa) announced imminent closure, and thousands of their incensed employees rallied in union-led strikes to save their jobs in early February.

It was these same very worried plant workers who appeared under Benedict’s apartment window during a January 31 Angelus and heard the pope’s anger: “The financial crisis is causing the loss of many jobs and this situation requires a great sense of responsibility on the part of all: entrepreneurs and government leaders [alike].”

Hence the pope’s sermonizing against the continued causes and effects of the financial market’s moral failings certainly still do have concrete realities to draw upon. The aftermath of corporate and political leadership’s deafness to the Church’s basic social teachings seems endless and with no sign of turning around.

So we should rightly ask ourselves whether we have e a little too hard of hearing, rather than thinking the Holy Father is not saying anything new.

The Holy Father, a patient and loving university professor at heart, knows that he should not worry about the needle skipping on his turntable of teaching: After all, he knows all too well that repetition is the best form of learning.

Sooner or later, our human hearts are bound to embrace the repeated Truth that continues to call us home during this dark period. Its final acceptance and application will be our only way out.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
University Of Dallas Receives Injunction Against HHS Mandate
While the University of Notre Dame has decided ply with the HHS mandate requiring employers to cover contraception, abortifacients and abortions in employee health insurance, the University of Dallas continues to fight the mandate. The University of Dallas, a Catholic institution founded in 1910 by the Vincentian Fathers, received a preliminary injunction on January 2, 2014, that would relieve the university of the necessity ply with the mandate. In issuing the injunction, the court exempted the university plying with the...
There’s an App for Government Transparency
If you’re interested in how your tax dollar is being spent at the local level, check out Open The Books, a project of American Transparency. It was founded by Adam Andrzejewski as a “national rallying cry for transparency in public spending.” The mission of this project is to “engage, educate and empower citizens to demandtransparent, accountable and smart government across America. If you are oneof the tens of thousands from all walks of life who believe in the sameprinciples, we...
What is the Most Important Factor in Improving Education?
What is the key to improving education in America? Stuart Buck says that Barker Bausell’s book, Too Simple to Fail: A Case for Educational Change, provides the answer: His main thesis: that the only thing that improves education is spending more time on instruction at a given child’s level. In his words: All school learning is explained in terms of the amount of relevant instructional time provided to a student. That’s it: more time + suitability for a child’s level....
Christmas Does Not Consist in an Abundance of Possessions
Reading this profile of UPS’s “Mr. Peak,” Scott Abell, is an enlightening exercise, particularly after the close of this holiday season. Mr. Peak is the guy in charge of making sure that the thing you ordered the Friday before Christmas gets there by Christmas Eve. Or as Devin Leonard puts it, “It’s e so easy for people to shop puters and smartphones that they frequently delay their purchases until the last minute. Mr. Peak’s job, in effect, is to fulfill...
Colson and Dostoevsky: Ideas Have Consequences
The late, great Chuck Colson had impeccable taste in literature. By that I mean that he liked all of the same books that I like. Or I suppose that I should say, I like all of the same books he liked. I especially loved the mentaries he’d do that focused on a great author. It always inspired me to hear Mr. Colson speak so eloquently and passionately about great novels that didn’t need Kirk Cameron starring in the movie version...
When Bellow Met Chambers
You may have heard that Ayn Rand really disliked C.S. Lewis. But do you know what happened when Saul Bellow met Whittaker Chambers? Bellow’s biographer James Atlas provides the anecdote. The context is that Bellow has very nearly gotten a reporting job at Time magazine via Dana Tasker, an editor there. It a gig that would mean a real windfall for the struggling author: There was just one hurdle–a formality, Tasker assured him. He would have to see Whittaker Chambers,...
‘Out of Darkness:’ U.S. Catholic Bishops Declare National Migration Week
The United States Conference of Catholic Bishops (USCCB) has declared January 5-11, 2014 as National Migration Week, with the theme of “Out of Darkness.” The USCCB states that this “vulnerable” population needs support, protection and prayerful ministry in order to thrive. The USCCB outlines four major groups of immigrants: migrant children, undocumented immigrants, refugees, and victims of human trafficking. Each group has very different needs; the most vulnerable, the bishops say, are migrant children. Dependent on others for food, shelter,...
A Letter on Work and Worth
The following is a letter written in response to a post from my friend Brad Littlejohn on the topic of the minimum wage. Dear Brad, Thank you for your thoughtful and substantive engagement on the question of the minimum wage. I don’t think the conversation we had on Twitter earlier did justice to your work here, so I’m offering this response in hopes of furthering the conversation. I hope you find it fruitful. I certainly have. I should also note...
Now Available: ‘On Righteousness, Oaths, and Usury’ by Wolfgang Musculus
Christian’s Library Press has released a new translation of Wolfgang mentary on Psalm 15, which includes two related appendices on the topics of oaths and usury. Released at the end of 2013, On Righteousness, Oaths, and es on the 450th anniversary of Musculus’ passing. The book is part of CLP’s growing series, Sources in Early Modern Economics, Ethics, and Law. Musculus (1497–1563)was a second-generation reformer in the cities of Strasbourg, Augsburg, and Bern, and produced a variety of works, including...
Virtue At GQ: The Heart of ‘Look Sharp, Live Smart’
One of the most popular blog posts at Gentlemen’s Quarterly Magazine (GQ) in 2013 was mentary giving men 10 reasons to stop viewing pornography. On GQ’s website the piece registered 24,000 thousand “like” on Facebook in just a few weeks. The popularity of the post could be a signal that Americans really are interested in discussing moral issues and perhaps GQ should take advantage of this opportunity to include more posts that offer moral direction even if some might ultimately...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved