Home
/
RELIGION & LIBERTY ONLINE
/
Benedict: Economy Needs People-Centered Ethics
Benedict: Economy Needs People-Centered Ethics
Jan 26, 2026 7:09 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
How Would St. Francis Vote?
Denver Bishop Charles Chaput, whom I had the personal joy of meeting and hearing speak a few years ago, gave an address at a mass for Catholic public officials in Harrisburg, Pennsylvania, just before the November elections. Chaput, who is one of my favorite bishops, makes profound and clear moral sense of chaotic sub-Christian thinking on a regular basis. “The world does need to change, and in your vocation as public leaders, God is calling you to pursue that task...
Government Works to Protect Tithing
Following up on the story from a couple months back about restrictions to bankruptcy filings prohibiting filers from budgeting for tithing, and in the midst of the controversy surrounding Rick Warren’s invitation to Sen. Barack Obama to appear at a Saddleback Church event, es both houses of Congress have passed the “Obama-Hatch Tithing Bill.” The bill would “protect an individual’s right to continue reasonable charitable contributions, including religious tithing, during the course of consumer bankruptcy. The measure passed the United...
Check out this Energy Debate
A debate about the future of energy policy is being held over at sp!ked, sponsored by Research Councils UK. From their notice: THE FUTURE OF ENERGY Expanding supply or managing demand? In the opening articles, mentators address the question from different viewpoints. ADAM VAUGHAN, online editor, New Consumer magazine argues that saving energy is the way forward: ‘By taking a number of simple steps, consumers can save energy and money – and help save the planet.’ JOE KAPLINSKY, science writer,...
‘Pimpin’ Ain’t Easy,’ and Neither is Parenting
During a recent family trip to visit relatives, we settled down for a night of wholesome family entertainment to watch “Inside Man” (well, maybe not all that wholesome; it is a film about a bank robbery, after all). This post has almost nothing to do with the plot of the movie, so if you haven’t seen it, don’t fret. It is a film worth queuing on your Netflix, however, and I mend it despite the fact that I don’t much...
Trimming the Fat
As I’ve noted previously, it is probably best for the cause of limited government that political power be divided rather than in the hands of a single party, no matter which party. This AP story offers evidence in support of that claim from early action by the newly Democratic Congress. At the same time, a close reading of the article indicates that congressional Democrats’ cutting of Republican pork may not result in any meaningful or lasting scaling back of needless...
Passing on the Pork
As noted at WorldMagBlog (among many other places), the ing Democratic majority in Congress is suspending the process of earmarking, at least temporarily. Rep. David Obey, D-Wis., and Sen. Robert Byrd, D-W.Va., the ing chairmen of the House and Senate mittees, have pledged that “there will be no congressional earmarks” in the ing budget. Earmarks will be available again in the 2008 budget cycle, after “reforms of the earmarking process are put in place.” There’s a lot of smoke right...
Costly Coal Clean-up
Coal has long been a target of environmentalist anger. Soot, strip-mining, smokestacks—so many ugly features. Much of that opposition is overblown, of course (we’ve got to get energy from somewhere), but some of it has merit. This story from Ohio exhibits one of the genuine problems. The state’s taxpayers have to foot a $300 million bill for cleaning up the environmental messes panies have left. Some, but only a small part, of that is being paid for by corporate fees...
Objective and Subjective Well-Being
Gary Becker and Richard Posner examine the increasing gap between the rich and poor in terms of wealth and e. This gap was most recently highlighted in a report that “the richest 2% of adults in the world own more than half of global household wealth,” and the richest 1% hold 40% of wealth. The report was issued by the World Institute for Development Economics Research of the United Nations University (PDF). Becker seems to accept that wealth inequality is...
Bozell’s Odd Understanding of Coercion
According to the Church Report’s Jennifer Morehouse, Parents Television Council President L. Brent Bozell is renewing an argument for the FCC to require a la carte cable programming. “It’s time to let the market decide what it wants on cable programming,” says Bozell. I’m sympathetic to this view. I would prefer the option to be able to pick and choose which cable channels I pay for and get access to, instead of having to decide on subscription levels which include...
Two Career Marriages
A genuinely thorny pastoral issue that often arose in the course of my counseling was the question of two-career marriages. What should a couple do if the wife wanted/needed to work outside the home when children were present, especially when the children were young? Because I served suburban churches (from 1972-1992) some of my congregants needed to be e families just to survive. Others did not but made a choice to pursue two careers anyway. The scenario always varies from...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved