Posts tagged with: benedict xvi

greed-2Yet another moral meltdown based on greed. This time the human vice reared its ugly head in Westminster. For the first time since 1650, a Speaker of the House of Commons has resigned under angry public protest of his controversial use of public funds.

Yesterday, the Labour party’s second most senior leader, Michael Martin of Glasgow, officially quit as House Speaker amid accusations that he abused his publically financed personal expense account, a perk enjoyed by Members of Parliament.

The British population is outraged: not only because of the exorbitant nature of Martin’s financial reimbursements (reimbursements for cat food, installation of chandeliers, manure, porn material, and repairs to his country estate moat) during the painful economic recession, but because morally rekindled Britons are fed up and ready to part ways with the country’s current leadership.

Adding fuel to the fire, government officials released deeper probes into the art of public deceit. Repayment claims were filed by other M.P.s for interest charged on fictional mortgages on second homes, at time when many banks are foreclosing on the homes of ordinary citizens.

According to a study on global corruption released by Dr. Richard Ebeling of the American Institute for Economic Research, the United Kingdom has fared well amongst its European peers, given the positive correlation found between the freer markets of the British Isles and lesser incentives to perform illicit acts to gain undue advantages in either the public and private sectors. Therefore, United Kingdom has traditionally looked good when compared to the corruption impairing the progress of freedom and prosperity among the many “transition nations” of Eastern Europe.

However, even British traditions of good behaviour will not last forever. Pope Benedict has warned the world time and again of the corrosive nature of greed, which “distorts the purpose of material goods and destroys the world,” as he said last April 22 during his weekly general audience in Rome.

In the wake of the scandals of Westminster, Prime Minister Gordon Brown has rallied the British population to change. “Westminster cannot operate like some gentleman’s club,” where its members “make up the rules,” he said. Yet his oratory seems too little, too late. Under 10 years of center-left Labour leadership, the United Kingdom has slowly welcomed back bigger government – along with it invasive tax schemes, cushy welfare doles, and the slippery slope of greed and corruption among public servants.

Britain’s lawmakers are fortunate only to lose their prestigious government posts and reputations and face incarceration. Their prospects would have been far worse under the days under monarchical rule when greedy and corrupt political officials were quickly guillotined for accepting bribes and illegal financial contributions.

Blog author: jcouretas
Wednesday, November 26, 2008

Following up on our coverage of Pope Benedict’s economic “prophecy,” here’s a snip from yesterday’s “Papal Bullishness” editorial in Investor’s Business Daily. Read then-Cardinal Ratzinger’s 1985 article “Market Economy and Ethics” here.

The Pope gave a “prediction that an undisciplined economy would collapse by its own rules,” the ex-socialist lawyer and economics professor nonsensically claimed at Milan’s Cattolica University last week.

Tremonti conveniently omitted that elsewhere in the Pontiff’s 2,300-word analysis he grumbled that Theodore Roosevelt and Nelson Rockefeller spread “the notion that only Protestantism can bring forth a free economy — whereas Catholicism includes no corresponding education to freedom and to the self-discipline necessary to it, favoring authoritarian systems instead . . .”

Furthermore, the only apparent English translation of the paper is on the Web site of Fr. Robert Sirico’s Michigan-based Acton Institute. Why would a think tank devoted to emphasizing the free market’s spiritual underpinnings tout an anti-capitalist tract?

Blog author: jballor
Tuesday, July 8, 2008

A round-up of diverse items of interest, in no particular order:

The U.N.’s Food and Agriculture Organization (FAO) hosted 183 governments at a three day summit in Rome, from June 3-5. World leaders tried to find possible solutions in order to tackle the recent food crisis which has already caused hunger and civil unrest in several developing countries. Jacques Diouf Director General of FAO asked for $30 billion a year in extra financing to the United Nations needed to address world hunger threatening 862 million people.

Despite international efforts and estimates, the situation appears to be far more complex and certainly requires more than just a call for greater funding and a return to discredited subsistence economies. There is an alarming “silence” on what has contributed to this crisis and on what possible solutions already exist and can be found in Catholic social teaching.

The market economy, for instance, should not be looked upon with suspicion of greed and pure self-interest. Instead, the market economy has defeated poverty and paved the way for democracy, the promotion of human dignity, all important values of Christian social thought. It should, therefore, be considered as a resource used to fight corruption and misgovernment part of many developing countries affected by this crisis.

New solutions are, likewise, urgently required. Archbishop Silvano Tommasi, head of the Holy See’s office to the U.N. in Geneva, clearly pointed this out in an interview with the Vatican Radio. He also stressed the need to support local entrepreneurs and small farmers, encouraging them not to abandon the agricultural market.

Pope Benedict XVI in his address to the FAO summit also called for new solutions, defining this crisis as “unacceptable.” Highlighted by Zenit, the Pope underlined the need for “political action which, inspired by those principles of natural law written in man’s heart, protects the dignity of the individual.” He also underlined the need to “increase the availability of food by rewarding small farmers’ hard work and guarantee them market access; too often in fact, small farmers are penalized domestically by industrial farming and internationally by protectionist policies and practices,” as recalled by Asia News.

Diverse solutions have also been proposed by humanitarian NGOs who are following the FAO Summit, such as Oxfam, Medecins Sans Frontiers, and Care, who are condemning traditional financial aid, specifying the need to, once again, eliminate bio-fuels, protectionists regimes, VAT on food and the need to cultivate nutrient-rich food.

Unfortunately, Catholic NGOs such as Caritas Europa, FOCSIV, and Sant’egidio still do not seem to have an opinion on the matter. It is a great loss to the creativity needed for solving this crisis. These Catholic NGOs have field projects in several developing countries and surely with their longstanding experience could develop new perspectives to this situation in the light of Catholic social teaching.

While we await Pope Benedict’s first social encyclical, it has been interesting to note what he has been saying on globalization and other socio-economic issues affecting the world today. None of these amounts to a magisterial statement but there are nonetheless clues to his social thought.

So that makes his address to the Centesimus Annus pro Pontifice Foundation noteworthy. The Pope spoke about the current state of globalization, reminding the audience that the aim of economic development must serve the progress of man.

Benedict stressed that commercial interests must never become so exclusive that they damage human dignity. He expressed the hope that the process of globalization which has so far affected finance, culture and politics should in the future also lead to a “globalization of solidarity” and respect for all parts of society. This would be necessary in order to make sure that economic growth is never cut off from the search for the comprehensive development of man and society. The Pope pointed out that the principle of subsidiarity is vital in guiding globalization:

“In this respect, the social doctrine of the Church stresses the importance of intermediate bodies in accordance with the principle of solidarity. It allows people to freely contribute to give meaning to cultural and social changes and direct them towards the authentic progress of man and the community.”

The conference was entitled “Social Capital and Human Development” and the foundation’s name recalls John Paul II’s 1991 social encyclical of the same name, which drew together 100 years of history of the Church’s social doctrine.

What Benedict has said on globalization is very much in line with what John Paul II said before him. This may not seem like much, but when one considers the technical nature of economics and finance today, it is a humane and necessary message that supports the positive aspects of market economics.


The journalist and author Will Hutton (described in his Wikipedia entry as “Britain’s foremost critic of capitalism”) was invited by the Centesimus Annus Pro Pontifice Foundation to address the conference. In an article for the Observer he shared his impressions. Interpreting Benedict within the framework of his own left-leaning ideas he failed to understand what the pontiff actually said.

According to Hutton, “the Catholic church is again alarmed by the way capitalism is developing” and has attacked “sweatshop call centres, declining trade unions” and “directors paid tens of millions”.

The Pope mentioned none of this and Hutton offers no evidence of why that should be Church teaching. Nor did John Paul II in his encyclical demand “stakeholder capitalism” as Hutton claims. Besides raising the obvious question why Hutton was invited to speak on a subject that he knows little about, this is a worrying example of how a defense of an ethical grounding of economics is misinterpreted as a call for socialistic solutions.

Blog author: kschmiesing
Wednesday, April 16, 2008

It’s an otherwise fine story by an AP writer, but I’m on the prowl for media infelicities in the pope coverage, so silly lines get noticed:

After making little headway in his efforts to rekindle the faith in his native Europe, the German-born Benedict will be visiting a country where many of the 65 million Catholics are eager to hear what he says.

I like the “making little headway” clause. As though reestablishing Christendom were a matter of uttering a few well chosen words. Benedict’s been pontiff for three years. The secularization of Europe has been going on for anywhere from fifty to five hundred depending on how you want to look at it. Taking into account the Vatican’s vaunted tendency to “think in centuries,” I doubt the pope expected to rekindle the faith of a continent in a few months. Nor for that matter is it likely that he possesses such power in a post-Christian Europe. I suspect his goals are more modest and realistic.

Blog author: kschmiesing
Tuesday, April 15, 2008

Pope Benedict XVI is in the United States the next couple days, as you may have noticed. In case you’re interested in fleeing the inane, inaccurate, or ideologically charged coverage that will likely be on offer from most media outlets, you can instead pay attention to the following more reliable sources:

“Benedict in America” at Pope Benedict XVI FanClub. A resoundingly Catholic look at things, these folks have earned their stripes: they were the Ratzinger Fan Club back when Benedict was the much-maligned head of the Congregation for the Doctrine of the Faith.

On the Scene blog at Fox News. I can’t vouch for the rest of Fox’s coverage, but Legionary Father Jonathan Morris gets things right.

“A Papal Discussion” at the New York Times. This one will display a diversity of viewpoints, but it is an interesting and informed group including Amy Wellborn and Colleen Campbell.

And, of course, PowerBloggers will be weighing in as well.