Catholic Economics

Posted on 31. May, 2018, in Christian Values, Economy, Faith and JusticeNo Comments

A recent document was brought out by the Church looking at the role of money and financial investments in society. Titled, ‘Oeconomicae et pecuniariae quaestiones: Considerations for an Ethical Discernment regarding Some Aspects of the Present Economic-Financial System’ it looked at the importance of money serving not ruling.

The document goes on to say that profit for its own sake 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.”

It calls on all Catholics to remember that an economy and money must serve everyone and not allow a minority to exploit and reserve vast resources for themselves. Miriam Gormally met with Fr. Michael Collins, Papal expert and Parish Priest who has taught in a number of universities, including the American University of Rome and John Cabot University looked at how working as a community makes everyone stronger. He starts by acknowledging that money plays a large part in religions and quips that they are often as known for their collections as their prayers!

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