Home
/
RELIGION & LIBERTY ONLINE
/
Benedict: Economy Needs People-Centered Ethics
Benedict: Economy Needs People-Centered Ethics
Jan 31, 2026 1:40 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
Business and Askesis
Today at Ethika Politika, I look at the busyness of the Advent season through the lens of Orthodox Christian asceticism in my essay, “Busyness and Askesis: An Advent Reflection.” The Advent season in the United States is typically ransacked by shopping, parties, visits with family, and the like. Perhaps worst of all, it can seem impossible to avoid the bombardment of holiday and Christmas-themed advertisement. People work overtime in order to earn a little extra to buy gifts for friends...
In Praise of Slow Justice
Although the Slow Movement—a cultural shift toward slowing down life’s pace—began in the late 1980s, it has recently undergone a surge in popularity. Today there are numerous offshoots, including slow money, slow parenting, and slow journalism. While I’m not quite ready to give up fast food or fast media, I’m eager to align myself with what Robert Joustra calls “slow justice”: I’m trained to do slow justice. I do what Mike Gerson calls the banality of goodness. Slow, methodical, plodding,...
5 minute explainer: Subsidiarity
Concepts you should know about, explained in five minutes (or less). Leo Linbeck III, President and CEO of Aquinas Companies, provides a description of subsidiarity and its importance in American governance. ...
Obamacare: ‘Eat The Young’
On some snowy winter afternoon, bored with everything in the house, you probably tried to build a house of cards. From this experience, you know you have to build a large base, and work your way up to a smaller and smaller peak. That’s the only sensible way to do it. Obamacare, on the other hand, is a house of cards inverted. It is structured in a way that the young must hold up the aging population. And the young...
Video: Sirico Reflects on Colorado Shooting on Fox News Channel
Acton President Rev. Robert A. Sirico had intended to join host Neil Cavuto in his New York studio to discuss questions of economics and religion, but Friday’s events in Centennial, Colorado prompted a different discussion altogether. ...
Video: Is the Tea Party Catholic?
Acton Institute Director of Research Samuel Gregg sat down with Daniel McInerny, the Editor of the English edition of Aleteia, to discuss his latest book,Tea Party Catholic.McInerny and Gregg explore what Catholics should believe regarding limited government, free markets and capitalism. Check out Sam’s book here, and view the interview below. ...
Audio: Sirico Joins Arthur C. Brooks on the Hugh Hewitt Show
Acton’s busy week of media appearances continued last night with Acton President Rev. Robert A. Sirico joining guest host Arthur C. Brooks – president of the American Enterprise Institute – onThe Hugh Hewitt Showto discuss Pope Francis,Evangelii Gaudium, and patibility of Catholic social teaching with free market capitalism. We’ve embedded the interview for you below, and added the video of Arthur Brooks’ 2012 Acton University plenary address after the jump. Arthur Brooks speaks at Acton University 2012 in Grand Rapids,...
TCC: Lessons in Liberty & Restraint
Dan Clements, an American student studying at the University of Leuven, and I help greet conference attendees Last week, an exciting new organization called the Transatlantic Christian Council(TCC) hosted its inaugural conference. The theme of the conference was “Sustaining Freedom”, which aligns well with the Council’s mission “todevelop a transatlantic public policy network of European and North American Christians and conservatives in order to promote the civic good, as understood within the Judeo-Christian tradition on which our societies are largely...
A Recommendation of Waughian Conservatism
While working on a recording together, Johnny Cash asked Bob Dylan if he knew “Ring of Fire.” Dylan said he did and began to play it on the piano, croaking it out in typical Dylanesque fashion. When he was done he turned to his friend and said, “It goes something like that, right?” “No,” said Cash shaking his head. “It doesn’t go like that at all.” I can understand how Cash felt; I often get the same feeling when people...
Is Religious Liberty Being Rebranded as ‘Christian Privilege?’
Yesterday, there was a panel discussion on religious liberty sponsored by the Center for American Progress in Washington. Joel Gehrke has an excellent summation of the event in the Washington Examiner that highlighted some remarks by C. Welton Gaddy. Later in the talk, Gaddy agreed with an interlocutor who asked if liberals “need to start educating, and calling out, Christians for trying to exercise ‘Christian privilege.'” “As a Christian” — a big part of Gaddy’s rhetorical power seemed to derive...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved