Home
/
RELIGION & LIBERTY ONLINE
/
Benedict: Economy Needs People-Centered Ethics
Benedict: Economy Needs People-Centered Ethics
Jan 27, 2026 2:24 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
Verse of the Day
  Commentary on Today's Verse   Commentary on John 14:1-11   (Read John 14:1-11)   Here are three words, upon any of which stress may be laid. Upon the word troubled. Be not cast down and disquieted. The word heart. Let your heart be kept with full trust in God. The word your. However others are overwhelmed with the sorrows of this present time,...
Verse of the Day
  Commentary on Today's Verse   Commentary on Deuteronomy 6:4-5   (Read Deuteronomy 6:4-5)   Here is a brief summary of religion, containing the first principles of faith and obedience. Jehovah our God is the only living and true God; he only is God, and he is but One God. Let us not desire to have any other. The three-fold mention of the Divine...
Verse of the Day
  Commentary on Today's Verse   Commentary on Psalm 119:9-16   (Read Psalm 119:9-16)   To original corruption all have added actual sin. The ruin of the young is either living by no rule at all, or choosing false rules: let them walk by Scripture rules. To doubt of our own wisdom and strength, and to depend upon God, proves the purpose of holiness...
Verse of the Day
  Commentary on Today's Verse   Commentary on Proverbs 16:25   (Read Proverbs 16:25)   This is caution to all, to take heed of deceiving themselves as to their souls.   Proverbs 16:25 In-Context   23 The hearts of the wise make their mouths prudent, and their lips promote instruction.Or prudent / and make their lips persuasive   24 Gracious words are a honeycomb, sweet to the...
Verse of the Day
  Commentary on Today's Verse   Commentary on James 3:1-12   (Read James 3:1-12)   We are taught to dread an unruly tongue, as one of the greatest evils. The affairs of mankind are thrown into confusion by the tongues of men. Every age of the world, and every condition of life, private or public, affords examples of this. Hell has more to do...
Verse of the Day
  Commentary on Today's Verse   Commentary on Isaiah 42:5-12   (Read Isaiah 42:5-12)   The work of redemption brings back man to the obedience he owes to God as his Maker. Christ is the light of the world. And by his grace he opens the understandings Satan has blinded, and sets at liberty from the bondage of sin. The Lord has supported his...
Verse of the Day
  Commentary on Today's Verse   Commentary on Psalm 27:1-6   (Read Psalm 27:1-6)   The Lord, who is the believer's light, is the strength of his life; not only by whom, but in whom he lives and moves. In God let us strengthen ourselves. The gracious presence of God, his power, his promise, his readiness to hear prayer, the witness of his Spirit...
Verse of the Day
  Commentary on Today's Verse   Chapter Contents   The safety of the godly.   We must not rely upon men and means, instruments and second causes. Shall I depend upon the strength of the hills? upon princes and great men? No; my confidence is in God only. Or, we must lift up our eyes above the hills; we must look to God who...
Verse of the Day
  Commentary on Today's Verse   Commentary on John 16:28-33   (Read John 16:28-33)   Here is a plain declaration of Christ's coming from the Father, and his return to him. The Redeemer, in his entrance, was God manifest in the flesh, and in his departure was received up into glory. By this saying the disciples improved in knowledge. Also in faith; Now are...
Verse of the Day
  Commentary on Today's Verse   Commentary on 1 John 4:1-6   (Read 1 John 4:1-6)   Christians who are well acquainted with the Scriptures, may, in humble dependence on Divine teaching, discern those who set forth doctrines according to the apostles, and those who contradict them. The sum of revealed religion is in the doctrine concerning Christ, his person and office. The false...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved