Home
/
RELIGION & LIBERTY ONLINE
/
Benedict: Economy Needs People-Centered Ethics
Benedict: Economy Needs People-Centered Ethics
Jan 29, 2026 11:45 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
Is American Innovation Fading?
In a fascinating essay in Mosaic, Charles Murray examines the spirit of innovation in America. He asks, As against pivotal moments in the story of human plishment, does today’s America, for instance, look more like Britain blooming at the end of the 18th century or like France fading at the end of the 19th century? If the latter, are there idiosyncratic features of the American situation that can override what seem to be longer-run tendencies? The author of Human plishment:...
Todd Huizinga to Discuss Ukraine on WGVU
Acton’s Director of International Outreach, Todd Huizinga, recently discussed the situation in Ukraine with WGVU’s Patrick Center and Calvin College’s assistant professors of political science, Becca McBride. For West Michigan residents, the interview will be airing tonight at 8:30 PM on the WGVU Life Channel and then again Sunday morning at 10:30 AM on WGVU-HD. For some background on what’s been going on Ukraine, see the panel discussion, ‘Ukraine – The Last Frontier of the Cold War’. ...
The Hegemonic Misandry Continues: ADHD
Cultural progressives often talk about something called “hegemonic masculinity.” By this progressives and feminists mean the standards we use to determine what an ideal man is in a particular culture. Michael Kimmel and Amy Aronson, in The Gendered Society Reader, describe American hegemonic masculinity this way: In an important sense there is only plete unblushing male in America: a young, married, white, urban, northern, heterosexual, Protestant, father, of college education, fully employed, of plexion, weight, and height, and a recent...
Christ’s Preferential Option for Tax Collectors
During the 20th century, the option for the poor or the preferential option for the poor was articulated as one of the basic principles of Catholic social teaching. For example, in Octogesima Adveniens (1971), Pope Paul VI writes: In teaching us charity, the Gospel instructs us in the preferential respect due to the poor and the special situation they have in society: the most fortunate should renounce some of their rights so as to place their goods generously at the...
Bridging Income Inequality: The Subsidiarity Of Friendship
There is a lot of talk about “closing the gap” and ing e inequality.” Some of it is pure socialism: Redistribute! Redistribute! Others look for ways to create jobs and help people create new financial opportunities for themselves. But what about the simple gift of friendship? At The American Conservative, Gracy Olmstead suggests that friendship can bridge e gaps, and creates safety nets for people in ways government and even private agencies cannot. We all have close friends and family...
Mozilla’s Statement of Faith and the Altars of Conformity
Brendan Eich, Mozilla co-founder and creator of the JavaScript programming language, was recently appointed as Mozilla’s chief executive. Just one week later, however, he was pressured to resign. His iniquity? Donating $1,000 in support of Proposition 8, a measure whose basic aim was entirely consistent with the beliefs of Barack Obama at the time. To announce Eich’s departure, Mozilla quickly movedto clarify, offering a statement of faithof sorts, filled with all the right Orwellian flourishes: Mozilla believes both in equality...
Mozilla: Mounting The Heads Of Conservatives On Their Walls
Mitchell Baker, executive chair of Mozilla, announced on pany’s blog that Brendan Eich, former Mozilla CEO has stepped down “for Mozilla and munity.” His sin: contributing $1000 in 2008 in support of California’s Prop 8, which upheld traditional marriage. Now, Mozilla is pany that takes great pride in their – ahem – tolerance and open-mindedness. Really. Mozilla believes both in equality and freedom of speech. Equality is necessary for meaningful speech. And you need free speech to fight for equality....
Mozilla’s Brendan Eich and Progressive Bullies
Last week was one of mixed blessings for those engaged in the U.S. political process. On the positive side, the U.S. Supreme Court – by a 5-4 margin – struck down overall limits on campaign contributions. Unfortunately, the pendulum swung in the opposite direction for Brendan Eich, co-founder and chief executive officer of Mozilla, who resigned after the Los Angeles Times disclosed his $1,000 contribution in support of California’s 2012 Proposition 8. Eich’s unfortunate circumstances bring to mind the many...
7 Figures: Wages and Employment in America
[Note: This is the first post in ‘7 Figures’, a new, occasional series highlighting data and information from a variety of surveys and reports.] The U.S. Department of Labor recently released data from the Occupational Employment Statistics program, which provides employment and wage estimates by area and by industry for wage and salary workers in hundreds of occupation groups in America. Here are seven figures based on the report: 1. Retail salespersons and cashiers were the occupations with the largest...
No, the Pope doesn’t need distributism (because nobody does)
Pope Francis needs distributism, argues Arthur W. Hunt III in the latest issue of The American Conservative. Hunt says that Americans and popes alike can embrace a humane alternative to modern capitalism: In the midst of their scramble to claim the new Pope, many on the left missed what the Pontiff said was a nonsolution. The problems of the poor, he said, could not be solved by a “simple welfare mentality.” Well, by what then? The document is clear: “a...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved