Kishore Jayabalan, Director of Istituto Acton in Rome, was tapped by BBC World News last week for his analysis of the meeting between Pope Francis and President Obama at the Vatican. We’ve got the video, and you can watch it below.
In this short talk, Rev. Robert A. Sirico, co-founder and president of the Acton Institute, offers some general observations about this week’s meeting between President Obama and Pope Francis at the Vatican, and reflects on the differences in philosophy that make a Presidential/Papal alliance such as what occurred during the time of Ronald Reagan and Pope John Paul II unlikely.
Acton Institute Director of Research Samuel Gregg joins hosts John Hall and Kathy Emmons on It’s The Ride Home on Pittsburgh’s 101.5 FM WORD to discuss President Obama’s scheduled visit this week in Rome with Pope Francis. Gregg notes the differences in worldview between Francis and Obama, and contrasts the likely relationship between the current pope and president with the more well-known relationship between an earlier pope and president, John Paul II and Reagan. You can listen to the interview using the audio player below.
I spent last week in London attending a couple of stimulating conferences at the Institute for Economic Affairs (IEA) and the Transformational Business Network (TBN), and catching up with some friends and acquaintances. All of the discussions were either officially off-the-record or of a personal nature, so I can’t be too specific about who said what but my general impression, obvious to anyone who’s visited, is that London remains an extremely vibrant, forward-looking, prosperous global capital in stark contrast to much of Europe and even other parts of Britain. But the reasons why are varied and may upset some seemingly-settled orthodoxies about religion and wealth.
London’s wealth is certainly tied to the City and international finance, even if giants such as the Royal Bank of Scotland are posting record losses (£9 billion in 2013). There’s much distress about such losses, especially subsequent to the massive bailouts RBS and other banks received in the wake of the 2008 financial crisis. We often forget that making bad investments and taking losses is part of the normal, necessary functioning of the market economy; Milton Friedman went so far to say that losses are even more important the profits. Wealth can’t be created if we don’t allow losses to get rid of badly-managed or mistaken enterprises.
No one wants to fail, of course, but without failure, we can’t have success, even at the individual level. I’m reminded of a Teddy Roosevelt image we used to have at the office of my college newspaper emblazoned with the words, “The only man who never makes mistakes is the one who never does anything.” Certainly true, even if the vice of sloth and complacency often tells us otherwise; what’s more important is to learn from one’s mistakes and try again.
Critics of capitalism have often cited the constant striving and relentless competition as negative aspects; what’s the point of hard work, after all, if we can never enjoy its fruits? The austerity and disciple required by the market are sometime called “Protestant” because they supposedly imply a pessimistic, individualistic view of human nature, as opposed to Catholicism’s more positive, “relaxed,” social view. Made famous by the German sociologist Max Weber, this thesis has always seemed to contain some elements of truth but never completely accurate to me, and my time in London confirmed my doubts. (more…)
Pope Francis recently installed 19 new cardinals in a ceremony at the Vatican, the first that he has chosen in his pontificate. Most of the new Cardinals hail from outside Europe and North America, and the group includes the first Cardinal from the long-impoverished nation of Haiti. Kishore Jayabalan, Director of Istituto Acton in Rome, spoke with the BBC about what this new group of Cardinals means for the Roman Catholic Church, and how they reflect the changing face of the church in the 21st century. This interview originally aired on February 22, 2013.
On Monday afternoon, Acton Institute President Rev. Robert A. Sirico was a guest on “Faith, Culture, Politics: In That Order” on the Guadalupe Radio Network, which broadcasts primarily in Texas. Rev. Sirico engaged in an extended discussion of Catholic Social Teaching, with a great deal of time dedicated to Pope Francis’ particular style and emphasis in dealing with some of the more controversial matters of our time. You can listen to the interview via the audio player below.
Update: The embedded audio appears to be having problems; you can go to the Soundcloud page for the interview by clicking this link.
We’re approaching the first anniversary of the election of Pope Francis as supreme pontiff of the Roman Catholic Church. Acton President Rev. Robert A. Sirico joined host Warren Pierce on The Warren Pierce Show on WJR Radio in Detroit Sunday Morning to discuss the style, substance, and impact of Pope Francis on the Vatican as he continues to lead the church. You can listen to the interview via the audio player below.