Home
/
RELIGION & LIBERTY ONLINE
/
Benedict: Economy Needs People-Centered Ethics
Benedict: Economy Needs People-Centered Ethics
Dec 20, 2025 10:35 AM

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
Acton Commentary: Pope Benedict’s Defense of Authentic Equality
Distributed today on Acton News & Commentary: Pope Benedict’s Defense of Authentic Equality By Michael Miller Once again the mild-mannered but intellectually fierce Pope Benedict XVI has provoked criticism over remarks that challenge the secular establishment’s provincial understanding of the world. In his speech to the bishops of England and Wales in Rome last week, during their ad limina visit, the Pope encouraged them to fight against so-called equality legislation. He argued that such legislation limits “the freedom of munities...
Acton Commentary: Fracasos de la izquierda latinoamericana
My recent mentary, Latin America: After the Left, has been republished in a number of Latin American newspapers. For the benefit of our Spanish speaking friends, Acton is publishing the translation of the article that appeared today in the Paraguayan daily, ABC Color. The translation and distribution to Latin American papers was handled by Carlos Ball at . Commentary in Spanish follows: Fracasos de la izquierda latinoamericana por Samuel Gregg La izquierda confronta grandes problemas en América Latina. La reciente...
There is No Perfect Fuel
When es to energy policy, there is no perfect fuel. But in these debates, as elsewhere, the imaginary perfect fuel cannot e the enemy of the good. And for the first time in recent memory, this means that nuclear energy, by all accounts a good alternative for the scale of demand we face, might be getting a seat at the table. Coal, which still provides more than half of the energy for the American grid, is cheap and plentiful, but...
Got a feelin’ for Eco-Justice?
It’s not easy being a global warming alarmist these days, what with the cascading daily disclosures of Climategate. But if you are a global warming alarmist operating within the progressive/liberal precincts of churches and their activist organizations, you have a potent option, one that the climatologists and policy wonks can only dream about when they get cornered by the facts. You can play the theology card! Over at the National Council of Churches Eco-Justice Program blog, writer “jblevins” is troubled...
Pope Benedict and True Corporate Social Responsibility
In a private audience held this past weekend with Rome’s water and pany, ACEA, Benedict XVI expressed to local business leaders his priorities for improving true corporate social responsibility within business enterprises. Prior to the pope’s speech, there was the usual protocol, fanfare, and flattery. First was the thematic gift-giving. Benedict received a copy of the book “Entrepreneurs for the Common Good ” (published by the Christian Union of Entrepreneurs and Managers as part its series of short monographs “Christian...
Join us for the launch of Acton on Tap
Those of you within striking distance of West Michigan won’t want to miss the inaugural Acton on Tap, a casual and fun night out on Feb. 25 to discuss important and timely ideas with friends. And then there’s the beer! The topic for the evening will be “The End of Liberty” and will draw on Lord Acton’s claims about the relationship between politics and liberty. Discussion leader Jordan Ballor, associate editor of the Journal of Markets & Morality, will start...
Benedict: Economy Needs People-Centered Ethics
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...
Acton Commentary: Human Dignity, Dark Skin and Negro Dialect
Distributed today on Acton News & Commentary: Human Dignity, Dark Skin and Negro Dialect by Anthony B. Bradley Ph.D. Black History Month is a time not only to honor our past but also to survey the progress yet to be made. Why does the black underclass continue to struggle so many years after the civil-rights movement? Martin Luther King dreamt about an America where women and men are evaluated on the basis of character rather than skin color. The fight...
Acton Lecture Series: Does Capitalism Destroy Culture?
Topic: Does Capitalism Destroy Culture? A talk by Michael Miller. When: Thursday, February 18, 2010. 11:45 a.m. Registration; 12:00 p.m. — 1:30 p.m. Lunch & Lecture Cost: $15 Admission $5 Students (including lunch) Where: Water’s Building — 161 Ottawa Ave, Grand Rapids, MI 49503 Map it. Register online today! ...
Review: An Orthodox Christian Natural Law Witness
Like many, my first encounter with Orthodox theology was intoxicating. Here, finally, in the works of thinkers such as Vladimir Lossky, John Meyendorf and Alexander Schmemann and others I found an intellectually rigorous approach to theology that was biblical and patristic in its sources, mystical in its orientation and beautiful in its language. But over the years I have found a curious lacunae in Orthodox theology. For all that it is firmly grounded in the historical sources of the Christian...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved