generating a return on principle
Primary
  • Daily
  • Faith at Work
    • Arts & Entertainment
    • Books
    • Building Industry
    • Business Leadership Strategies
    • Career Resources
    • Catholic Book & Gift Stores
    • Catholic Business Profiles
    • Clubs & Associations
    • Conferences & Events
    • Daily Mass Readings
    • Education
    • Engineering
    • Evangelization
    • Food & Beverage
    • Fundraising
    • Health & Wellness
    • History
    • HR: Human Resources
    • Law Enforcement
    • Legal
    • Manufacturing
    • Maritime
    • Media & Marketing
    • Medical
      • Pro-Life Physicians
    • Military
    • Obituaries
    • Prayer Requests
    • Real Estate
    • Repair Services
    • Retail
    • Retreats
    • Risk Management
    • Rosary
    • Saints at Work
    • Science & Discovery
    • Sports
    • Tech
    • Telecommunications
    • Travel & Pilgrimages
    • U.S.
    • Vocations
    • World
    • About Faith & Work
  • Life & Liberty
    • CSR: Catholic Social Responsibility
      • Family & Society
      • Life Issues
      • End of Life Issues
      • Stewardship
      • Work, Profit & Property
    • Freedom
      • Religious Freedom
  • Money & Ethics
    • About Money & Ethics
    • Financial Services
      • Accounting & Taxes
      • Banking
      • Debt Solutions
      • Lending
      • Wealth Management
    • Investing
  • Voices
    • Bishops’ Corner
    • Columns
      • David G. Bjornstrom
      • Kailash Duraiswami
      • Thomas Carroll, CFA
      • Thomas M. Loarie
      • Tim Von Dohlen
    • Contributors
      • Al Donner
      • Andrew Marquardt
      • Deanna Ricke
      • Dick Lyles
      • Fr. Chris Heath
      • Fr. George Rutler
      • Fr. Robert J. Spitzer, S.J.
      • Kathy Sullivan
      • Ken Lambert
      • Gregory Weiler, Esq.
      • Mark McElrath
      • Matthew Kelly
      • Matthia Langone
      • Mike Breen
      • Patrick Lencioni
      • Ricky McRoskey
      • Russell Shaw
      • Tim Busch
  • Radio Programs & Podcasts
    • The Mentors Radio
    • Archives: The Catholic Business Hour
  • Directories
    • Business Directory
  • Daily Mass Readings
  • Guest
    • Your Business Listings
    • My Account
  • Login
  • Add a Business Listing
  • Advertise
 
  • Facebook
  • LinkedIn
  • Twitter
  • Daily
  • Faith at Work
    • Arts & Entertainment
    • Books
    • Building Industry
    • Business Leadership Strategies
    • Career Resources
    • Catholic Book & Gift Stores
    • Catholic Business Profiles
    • Clubs & Associations
    • Conferences & Events
    • Daily Mass Readings
    • Education
    • Engineering
    • Evangelization
    • Food & Beverage
    • Fundraising
    • Health & Wellness
    • History
    • HR: Human Resources
    • Law Enforcement
    • Legal
    • Manufacturing
    • Maritime
    • Media & Marketing
    • Medical
      • Pro-Life Physicians
    • Military
    • Obituaries
    • Prayer Requests
    • Real Estate
    • Repair Services
    • Retail
    • Retreats
    • Risk Management
    • Rosary
    • Saints at Work
    • Science & Discovery
    • Sports
    • Tech
    • Telecommunications
    • Travel & Pilgrimages
    • U.S.
    • Vocations
    • World
    • About Faith & Work
  • Life & Liberty
    • CSR: Catholic Social Responsibility
      • Family & Society
      • Life Issues
      • End of Life Issues
      • Stewardship
      • Work, Profit & Property
    • Freedom
      • Religious Freedom
  • Money & Ethics
    • About Money & Ethics
    • Financial Services
      • Accounting & Taxes
      • Banking
      • Debt Solutions
      • Lending
      • Wealth Management
    • Investing
  • Voices
    • Bishops’ Corner
    • Columns
      • David G. Bjornstrom
      • Kailash Duraiswami
      • Thomas Carroll, CFA
      • Thomas M. Loarie
      • Tim Von Dohlen
    • Contributors
      • Al Donner
      • Andrew Marquardt
      • Deanna Ricke
      • Dick Lyles
      • Fr. Chris Heath
      • Fr. George Rutler
      • Fr. Robert J. Spitzer, S.J.
      • Kathy Sullivan
      • Ken Lambert
      • Gregory Weiler, Esq.
      • Mark McElrath
      • Matthew Kelly
      • Matthia Langone
      • Mike Breen
      • Patrick Lencioni
      • Ricky McRoskey
      • Russell Shaw
      • Tim Busch
  • Radio Programs & Podcasts
    • The Mentors Radio
    • Archives: The Catholic Business Hour
  • Directories
    • Business Directory
  • Daily Mass Readings

Economy needs to recover ethics and the ‘logic of giving,’ Pope explains


Vatican City (CNA)—This morning in Rome, the Pope interrupted his series of teachings on the saints to explain the essential thoughts contained in his new social encyclical, published yesterday. In the face of the world’s “vast and profound” problems, Benedict XVI stated that the world economy must recover ethical principles.

 The encyclical, explained the Holy Father, highlights the fact that “charity in truth is the principal driving force behind the authentic development of every person and of all humanity. … Only with charity, illuminated by reason and by faith, is it possible to pursue development goals that possess a more humane and humanizing value.”

The document, he went on, “intensifies Church analysis and reflection on social themes of vital interest to humankind in our century. In a special way it harks back to what Paul VI wrote more than forty years ago in his ‘Populorum progressio.'”

In a manner similar to all papal teachings, Pope Benedict noted that “‘Caritas in veritate.’ does not seek to offer technical solutions to the enormous social problems of the modern world. …What it does do is recall the fundamental principles that are indispensable for building human development over coming years.”

At the core of the Pope’s message is “concern for the life of man, seen as the center of all true progress; respect for the right to religious freedom; … and the rejection of a Promethean vision of human beings which sees them as the sole architects of their own destiny.” “Upright men and women are needed, both in politics and in the economy, people sincerely concerned for the common good,” he said.

Referring then specifically to “world emergencies,” the Pope spoke of the urgent need to call “public opinion to the drama of hunger and of food security,” which “must be faced decisively, eliminating the structural causes which produce it and promoting agricultural development in the poorest countries.”

Any overhaul of the world’s economy requires ethics in order to “function correctly,” the Holy Father stressed. “It needs to recover the important contribution of the principle of gratuitousness and the ‘logic of giving’ in the economy and in the market, where profit cannot be the only rule. “But this is possible only through commitment on the part of everyone, economists and politicians, producers and consumers, and it presupposes a formation of consciences capable of strengthening moral criteria in the elaboration of political and economic projects.”

Another necessity, the Holy Father proceeded, “is for all humankind to practice a different lifestyle, one in which each individual’s duties towards the environment are linked to his or her duties towards human beings, considered both in themselves and in relation to others.” Finally, Pope Benedict turned to the world’s “vast and profound problems,” and underscored the “need for a world political authority regulated by law, one that observes the principles of subsidiarity and solidarity and is firmly directed towards attaining the common good, while respecting the great moral and religious traditions of humanity.”

The Pope finished his address by asking the faithful to pray that “this Encyclical may help humankind to feel itself to be a single family, committed to creating a world of justice and peace.” He also called upon them to pray for “the heads of State and government of the G8 who are currently meeting in L’Aquila, Italy. May this important world summit generate decisions and directives that serve the true progress of all peoples, especially the poorest.”

 

2nd Sidebar

Daily Mass Readings

2020-10-07
Optional Memorial of St. John Paul II, Pope
Daily Mass Readings »

Recent Columns

Thomas M. Loarie

BOOK REVIEW: Combat Fighter Pilot Shares His Brush with Death and His New Mission in Life

By Thomas M. Loarie
Gregory N. Weiler

St. Thomas More and California Proposition 1

By Gregory Weiler
David G. Bjornstrom

Texas Law declares “No More Censorship”: Update on State Laws Against Big Tech Censorship

By David G. Bjornstrom

Bishop’s Corner

Benedict XVI writes about ‘inner drama of being a Christian’ in new letter

Benedict XVI writes about ‘inner drama of being a Christian’ in new letter

In a new letter, Benedict XVI praised the story of...
Bishop Barron: New York, Abortion, and a Short Route to Chaos

Our Catholic President and the Most Pressing Moral Issue of Our Time

On numerous occasions throughout his public career, President Biden asserted...
Archbishop Lori

Archbishop Lori Does Not Mince Words in Urging Biden Admin to Help Moms in Need, Not Kill “defenseless, voiceless human beings”

Archbishop William Lori of Baltimore, the U.S. bishops’ pro-life chair,...

Latest Faith at Work News

Voter Guides and Resources: Family Values, Pro-Life

The Battle of Lepanto: The Battle that Saved Christian West and A Lesson for Our Times

Supreme Court to hear case of designer who won’t create websites for same-sex weddings

Practical Resource for Dead Car Battery in the Middle of Nowhere…

ALL EYES ON TEXAS: Find Out Why at the ‘Life is Beautiful Gala’ on October 30

Latest Money & Ethics News

9th Circuit Asked to Hear Case of Christian Counselor Muzzled by WA State

FBI Raids Home of Pro-Life Christian With Guns Drawn as Family Watches in Horror

Catholic Business and Faith Innovation in Brazil: For 30 Years, Gas Stations with Blessed Sacrament Chapels!

Ortega regime in Nicaragua violently shuts down Catholic radio stations

Joe Biden signs Executive Order to Force you and I to pay for travel expenses to Kill the Most Vulnerable: Unborn infants

Featured Business Listing

Fidei Technology LLC

Download Free Reports

  • Free Report – “Money & Ethics”

Browse Topics

  • Faith at Work
  • Money & Ethics
  • Radio Programs & Podcasts

More Great Articles

Joe Biden signs Executive Order to Force you and I to pay for travel expenses to Kill the Most Vulnerable: Unborn infants

Even More Great Articles

Practical Resource for Dead Car Battery in the Middle of Nowhere…

Joe Biden signs Executive Order to Force you and I to pay for travel expenses to Kill the Most Vulnerable: Unborn infants

How and How Not to be HAPPY

BOOK REVIEW: “Angels All Around Us” by Anthony DeStefano

BOOK REVIEW and Author Matthew Kelly: The Messiness of Life Can Prevent Us from Focusing on Those Things That Lead to A Good Life

One YES….made all the difference

The French geneticist Who Renounced a Nobel Prize to defend the unborn is on his way to sainthood

FOR MORE ARTICLES ON "FAITH AT WORK" CLICK HERE


FOR MORE ARTICLES ON "MONEY AND ETHICS" CLICK HERE

Visit our sponsor:

Your ad here!
  • Manage Account
  • News
  • Contact Us
  • My Listings
  • New Post
  • Author Index
  • Keyword Index
  • Advertise
  • Free Reports
  • Press Releases
  • Disclaimer
  • Pricing Package (Business Directory)
  • United States
  • Facebook
  • Twitter
  • LinkedIn



Copyright 2020 © Catholic Business Journal

Login

Lost your password?

Sign up for Catholic Business Journal

A password will be sent to your email address.

Your personal data will be used to support your experience throughout this website, to manage access to your account, and for other purposes described in our Private Policy (https://www.catholicbusinessjournal.com/private-policy/).