The 15-page page document jointly prepared by the Congregation for the Doctrine of the Faith and the Dicastery for the Promotion of Integral Human Development, was unveiled at a news conference in the Holy See’s Press Office. The document begins by stressing the Church’s concern for the integral development of every person, saying “Love for the integral good, inseparable from love for the truth, is the key to authentic development.”
Turning to the state of the world’s economy, the document calls for more regulation of markets and financial systems, saying economic crises show they are not able to govern themselves and need a strong injection of morality and ethics. It also urges universities and business schools to educate the next generation of business leaders about ethics and not just profits. The document also expresses regret over what it calls a failed opportunity to correct the failings within the world’s economic-financial systems.
The document goes on to say that profit for the sake of profit and not for the greater good is “illegitimate” and condemns what it called a “reckless and amoral culture of waste” that has marginalized “great masses of the world’s population, deprived them of decent labour and left them without any means of escape.” The document concluded by warning that “selfishness makes everyone pay a high price,” the document says that if we want “the real well-being of humanity, Money must serve, not rule!”
Source: en.vaticannews.va
