- Aug 4, 2021
Financial speculation is unsustainable and dangerous, therefore, markets must be regulated and the poor protected, Pope Francis said.
The blind pursuit of profit cannot guarantee a company’s viability, which depends on the fair treatment of workers and a vast array of other ethical and social factors, Pope Francis told Italy’s top financial newspaper.
Catholics join the renewed movement called the Poor People’s Campaign which was started by Martin Luther King Jr.
In his prayer video for the month of April, Pope Francis requested prayers for those who have a large responsibility when it comes to economic affairs, that they will always value what is good for the human person over profit.
In his analysis of neoliberalism, Pope Francis diagnoses our cultural situation as one in which many people devote themselves to the idol of money, choosing mammon over God. He identifies how “the faceless economy” distorts our values, what we give time and energy to, and what we are able to see or not.