Skip to content

iBenedictines

The world seen from the cloister . . .

  • About
  • Contact
  • Colophon Blog
  • Links
  • Donate
  • Cookies
  • Privacy Policy

Vatican document on global financial reform

Financial Reform

Monday, 24 October, 2011Saturday, 22 October, 2011 by Digitalnun

On Monday the Vatican will release a text on global financial reform. If you are unfamiliar with Catholic social teaching, you may be surprised by how radical it is. Some of the previews I’ve read, e.g. Fr Tom Reese, suggest that Benedict XVI has pulled no punches in condemning corruption and greed and has provided a thoughtful and profound analysis of economic activity. In his wonderful encyclical Caritas in Veritate (2009), as in subsequent teaching, the pope has insisted that ‘globalisation makes us neighbours but does not make us brothers’ and called for a people-centred ethics which would ensure the distributive justice consistently urged by the Church.

Those protestors sitting in the cold outside St Paul’s are probably closer to Benedict XVI’s thinking than some of the financiers and politicians whose conduct the pope scrutinizes. I would like to think that Monday will mark an important change, but I wonder whether anyone will be listening. Protestors are newsworthy; papal documents are not. Have we learned anything from the financial collapse of recent years?

Update
The full text of the Vatican document in English may be found here. Please note that it is issued by the Pontifical Council for Peace and Justice, not the pope. My first impression is that the analysis is better than the suggestions for reform but I’ll study it properly tonight.

Facebooktwitterredditpinterestlinkedintumblrmail
Categories Church, World Tags Catholic social teaching, economy, financial reform, protestors at St Paul's, Vatican document on global financial reform 10 Comments

ARCHIVES

SEARCH THIS BLOG

Donate via Wonderful Payments

Wonderful Payments is our preferred option as no fees are payable.




Our other sites

  • Holy Trinity Monastery | Desktop Site
  • Holy Trinity Monastery | Mobile Site
  • Sign-up to receive our Newsletter
EnglishFrenchGermanItalianPortugueseRussianSpanish

Follow Us

Facebooktwitterlinkedinrssyoutube

Tag Cloud

advent almsgiving blogging Christ Christian Christmas Church compassion faith fasting forgiveness freedom God grace gratitude holiness Holy Week humility internet Jesus joy lectio divina Lent liturgy love Mary monastery nuns peace Pope Francis prayer redemption repentance Rule of St Benedict scripture service silence society St Benedict Syria truth violence vocation wisdom women
CNMAC Blogger of the Year 2013

COMMENT POLICY

Comments are welcome but will be held for moderation before posting. Please observe the same standards of courtesy and decency you would like to receive from others. We want this to be a friendly space for people to explore opinions and ideas.

QUOTATION POLICY

You are welcome to quote extracts, with due attribution, but please remember that images are not available for sharing as we may not own the copyright for all of them. Where images have been used, every effort has been made to ensure that the correct permission or licence has been obtained for their use. In the case of any oversight, please communicate directly with the monastery so that the appropriate action can be taken.

RSS iBenedictines RSS feed

  • Mary, Mother of God, 2022
  • A Personal Message from Sr Catherine (a.k.a. Digitalnun)
  • Gaudete Sunday 2021: Pure Joy
  • ‘Tis the Season to Be Jolly — Or Is It?
  • Mountains and Molehills: In the Desert with John the Baptist Again

COPYRIGHT

All posts are copyright © 2010 – 2022 Trustees of Holy Trinity Monastery, Company No. 7487215, Registered Charity No. 1144001.

© 2022 iBenedictines • Built with GeneratePress