08.11.20 - Market Economy and Ethics
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In this article Joseph Ratzinger, the current pope, suggested in 1985 that new ways have to be implemented into the way economy was run. He also that "a dialogue between Church and economy becomes both possible and necessary." "Italian economy minister Giulio Tremonti" "cited a 1985 conference on ethics and economics given by Ratzinger, crediting him with prophesying long in advance, at that conference, the current global disaster. 'What is coming true today,' Tremonti said, 'is the prediction according to which the decline of discipline in the economy, a discipline based on a strong ethical and religious order, would bring the laws of the market to collapse.'" (Source) We will post another recent article pointing out what the church is doing in these economic crisis, so stay tuned.
"The economic inequality between the northern and southern hemispheres of the globe is becoming more and more an inner threat to the cohesion of the human family. The danger for our future from such a threat may be no less real than that proceeding from the weapons arsenals with which the East and the West oppose one another. New exertions must be made to overcome this tension, since all methods employed hitherto have proven themselves inadequate. In fact, the misery in the world has increased in shocking measure during the last thirty years. In order to find solutions that will truly lead us forward, new economic ideas will be necessary. But such measures do not seem conceivable or, above all, practicable without new moral impulses. It is at this point that a dialogue between Church and economy becomes both possible and necessary."
Comments by Iasmin B.
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