As leaders of the world’s industrialized nations gather in Italy, the Pope is calling on them to reject the mantra of deregulation that has guided economic policy and bring in new rules to temper the excesses of the past.
“The economy needs ethics in order to function correctly,” the Pope wrote in his encyclical Charity in Truth released this week.
It’s a point Benedict XVI is expected to stress in meetings with Prime Minister Stephen Harper and U.S. President Barack Obama after the G8 summit, which begins today.
“The conviction that the economy must be autonomous, that it must be shielded from ‘influences’ of a moral character, has led man to abuse the economic process in a thoroughly destructive way,” he wrote.
Read it all.
Toronto Star: Pontiff proposes 'ethics' for economy
As leaders of the world’s industrialized nations gather in Italy, the Pope is calling on them to reject the mantra of deregulation that has guided economic policy and bring in new rules to temper the excesses of the past.
“The economy needs ethics in order to function correctly,” the Pope wrote in his encyclical Charity in Truth released this week.
It’s a point Benedict XVI is expected to stress in meetings with Prime Minister Stephen Harper and U.S. President Barack Obama after the G8 summit, which begins today.
“The conviction that the economy must be autonomous, that it must be shielded from ‘influences’ of a moral character, has led man to abuse the economic process in a thoroughly destructive way,” he wrote.
Read it all.