The Markets, Culture, and Ethics Project’s Third International Colloquium on Christian Humanism in Economics and Business, “Free Markets with Solidarity and Sustainability: Facing the Challenge” conference is coming up this October 22-23 at the Catholic University of America in Washington DC. Academic conferences do not necessarily strive to be attractive or inviting (13 word titles and 13 letter words aren’t really all that “catchy”). But I would encourage anyone who is in the area or who is willing to make the trip to seriously consider attending this one. But why this conference? (more…)
The Detroit News editorial page today features Kishore Jayabalan’s commentary regarding the pro-business statement made by the Pontifical Council for Justice and Peace (PCJP). Jayabalan, Director of Istituto Acton in Rome, says this:
It may be easier to describe the contents of the PCJP statement by saying what it is explicitly not. It is not a policy statement on the merits of financial regulations such as Sarbanes-Oxley or the Tobin Tax. It is not a call-to-action to storm the barricades and “expropriate the expropriators,” the old Marxist term for an overthrow of the capitalists. And it is not a statement intended to discourage faithful Christians from engaging in the buying and selling of goods and services, as if these are grubby, disreputable but sometimes necessary ways to make a living.
It’s not quite a how-to manual for busy executives and managers who are struggling to live their faith in the workplace either, yet The Vocation of the Business Leader wants to encourage and inspire us to “see, judge, and act” wisely and prudently.
Reporter Carol Glatz of the Catholic News Service has a story on the new Vatican document titled “Vocation of the Business Leader: A Reflection” aimed at educators, entrepreneurs and business people.
Glatz interviews Kishore Jayabalan, director of Acton’s Rome office, who praised the document for its pastoral approach:
“It’s trying to encourage and inspire business people” and prompt them to “think about how to incorporate their faith more into what they do,” Jayabalan told Catholic News Service. It shows that “it is possible to be a good Christian and a good businessman; they’re saying there’s no fundamental incompatibility,” he said.
Glatz also explains why the document was published and how its authors aimed for “a simple, concise primer that compiled key principles and aimed specifically at helping business schools form ethical leaders and at guiding business practices worldwide — from mom-and-pop store owners to corporate executives.”
Download a copy of “Vocation of the Business Leader: A Reflection” by the Vatican’s Pontifical Council of Justice and Peace.
“Does the Vatican think water should be ‘free’?” asked Kishore Jayabalan in his post examining the Pontifical Council for Justice and Peace’s latest document on water. Although he is now the director of Istituto Acton, the Acton Institute’s Rome office, Jayabalan formerly worked for the Pontifical Council for Justice and Peace as the lead policy analyst on sustainable development and arms control.
In his post, Jayabalan referenced the analysis of George McGraw, the Executive Director of DigDeep Right to Water Project, a human rights and development NGO headquartered in Los Angeles. Mr. McGraw asked if we’d be interested in providing a counter-argument from a conservative perspective, so we’ve decided to publish his response below:
Kishore Jayabalan, the Acton Institute’s Rome office director, was interviewed by the Zenit news agency in an article titled, “Is Taxing the Church a Real Solution for Italy?” In the article, Jayabalan discusses the history of the Italian state and its imposition of property taxes on the Roman Catholic Church’s land holdings, residences and non-profit businesses.
Sometimes in the past, particularly under Napoleonic rule and before the Lateran Pacts, the institution of property tax was often a subject of state persecution of the Church in economic terms. Mr. Jayabalan answers critical questions about the reasons behind Italy’s evolving (or rather “revolving”) fiscal policies and historic land expropriations to the Church’s detriment.
The Church has traditionally been exempt from paying ICI [property tax] on non-commercial entities because they serve a social purpose. The old law actually exempted entitles that were ‘predominantly’ non-commercial. The new law exempts simply non-commercial entities, so there will be some re-defining of what is non-commercial or not by the Italian Ministry of the Economy. Jewish, Muslim, and other religious, and for that matter secular, non-profits were also ICI-exempt, so this was not a case of special pleading for the Catholic Church in Italy, even though Catholic institutions dwarf the others numerically…
Of course this is not the first time the Church has been muscled out of land. Napoleon’s massive cash taxes upon his conquest of Italy were designed to force noble families (generally with very close ties to the Church) out of their lands and titles. Napoleon spared the Church the niceties of taxes, choosing to simply expropriate the property. The unification of Italy as well saw Church lands, art and lives lost as the new nation was formed. But even this was nothing new. After all Nero had blamed the Christians for a fire he set to clear some land in downtown Rome, so in the end Sts. Peter and Paul and 900 other Christians were killed for a real estate deal.
To read Jayabalan’s full interview, go here.
Kishore Jayabalan, Director of Acton’s Rome Office, was called upon this morning by America’s Morning News to weigh in with the view from Rome on the Obama Administration’s HHS mandate that most employers – including religious institutions – provide contraceptives, sterilization, and abortifacient drugs as part of health care coverage. He did so, and you can listen to the interview by using the audio player below:
Previous Acton commentary on the mandate decision:
Audio: Dr. Donald Condit on the Trampling of Conscience Protections
Jayabalan: Obamacare vs. the Catholic Bishops
Dr. Samuel Gregg: Obama and the Dictatorship of Relativism
The Center for American Progress (CAP) has boldly rebutted the arguments of our own Kishore Jayabalan, director of Istituto Acton, concerning the Vatican’s note on a “central world bank.” It has done so by showing him to be lacking in “respect for the inherent dignity of human life.” … Yes, we are talking about that Center for American Progress.
Some conservative Catholic commentators are not as supportive, however….
Kishore Jayabalan of the conservative Catholic Acton Institute said that the note’s appeal to an international authority contradicts the church’s teaching that problems are best solved starting at local levels of authority, also known as the doctrine of subsidiarity.
What these conservatives are missing is that the note draws heavily from the tradition of Catholic social teachings on justice and respect for the inherent dignity of human life. This is where the Occupy movement finds an ally.
CAP has one-upped us doctrinally: where Jayabalan is concerned with minor theological nuances like the doctrine of subsidiarity, their minds are fixed on higher principles like respect for human dignity, the most immediate threat to which is the great and terrible free market.
“At heart, it is a moral enterprise,” say CAP’s Jake Paysour about Occupy Wall Street. Yes, except at the hearts of its camps, where women dare not go because their human dignity is respected only as much as strong men find it convenient.
CAP’s record on human dignity speaks for itself. Its position on the lives of unborn children, for example, could not be any more out of line with Catholic teaching on “justice and respect for the inherent dignity of human life.” It is shocking that CAP even uses those words: the suggestion that they give one hoot about Church teaching on human dignity is nonsense.
I will resist the temptation of a GetReligion-style dismantling of the feature, since it would sail right over their heads at CAP, but I must point out that the Church’s principles of social justice were not “set forth 80 years ago” in Quadrogesimo Anno, as the author claims, but rather 40 years before in Rerum Novarum (hence the second encyclical’s name — not that we should expect anyone there to have any Latin). I don’t mean to make an ad hominem argument, but if you can’t get that right, what are you doing trying to explain the relative weights of principles first explicated in Rerum Novarum?
In the future: If you’re going to use the words of an Acton Institute expert, it is expected that you will avoid the shameless contortion of facts and logic that CAP indulged in today.
Acton’s Kishore Jayabalan on Vatican Radio today. Summary:
The spectre of a hard Greek default and euro exit hung over a meeting of G20 leaders beginning in Cannes on Thursday. U.S. President Barack Obama said after talks with his French counterpart Nicolas Sarkozy that Europe had made some important steps towards a comprehensive solution to its sovereign debt crisis but needed to put more flesh on the bones and implement the plan. The world is counting on the G20 to find a way out of the crisis, before it begins spreading to other parts of the globe.
“A lot of what is happening…at the G20 summit in France over the next couple days is really the inevitable consequences of a three or four year unwillingness of European politicians, and I would say American politicians as well, to deal with what’s obvious to most people is paying attention to this debt crisis,” said Kishore Jayabalan, the Director of the Rome office of the Acton Institute for the Study of Religion and Liberty.
“At some point government leaders are going to have to be frank and tell people they can’t rely on government benefits indefinitely,” he told Vatican Radio. “The entire scheme was based promises that can’t be kept.”
Jayabalan said in the future, people are going to be forced to be more self-reliant, and create their own opportunities.
Click on the player below to listen in:
Kishore Jayabalan, director of Istituto Acton in Rome, is quoted extensively in a story about the Vatican’s note on economic centralization written by Edward Pentin, a reporter for the National Catholic Register. If you wonder why the Acton Institute is around — why we feel the need to connect your good intentions with sound economics — well, Kishore explains:
Kishore Jayabalan… welcomed the Vatican’s attempt to deal with the economic crisis, but he said their conclusions were based on “political and economic ignorance rather than experience.”
But the note, written by the Pontifical Council for Peace and Justice, lacks more than sound economics; it lacks theological depth. It speaks throughout of the common good, but without a moral framework, that common good can have little ethical consequence. The kind of economic reform the note calls for could only be motivated by a conception of the common good rooted in a full, Christian understanding of human nature. Jayabalan again: “[the note] doesn’t speak of God or the natural law and so neglects this substantial notion of the common good,”
There is comparatively little talk even of greed and idolatry in the note — those vices seem get more attention at Occupy Wall Street drum circles than at the PCPJ. We’ll talk about them though:
Jayabalan, a former official at the Pontifical Council, said greed and idolatry are permanently recurring temptations that require “constructive ways” to combat them. And yet “quite surprisingly for an office of the Roman Curia and from a Catholic perspective, the note does not tell us much about the spiritual battle that must take place.”
Rather than draft this note, Jayabalan said the Vatican should have drawn on the “economic wisdom of the division of labor” which would have told them “to stick to what it knows and does best.”
Kishore Jayabalan, Director of Istituto Acton in Rome, was interviewed by Vatican Radio to discuss the Italian budget. Italy has a large budget crisis, and if it isn’t resolved, it may face serious financial problems similar to those experienced by Greece.
Lawmakers in Italy have begun working on austerity measures, which was the topic of Jayabalan’s interview:
“Austerity is fairly important for the Italian economy,” says Kishore Jayabalan, the director of the Rome office of the Acton Institute. But he says even with austerity, Italy will need economic growth to pay its debts.
“They are creating all kinds of impediments for economic growth. If you want to get the Italian economy reformed, the political class not only is going to have to do things like get rid of regulations, but really cut down the bureaucracy, because that is what is really bringing down the Italian economy,” Jayabalan said.
Click here to read the full article and listen to the interview.