Posts tagged with: Pontifical Council for Peace and Justice

Blog author: ehilton
Wednesday, April 25, 2012
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Andreas Widmer, entrepreneur, former Swiss guard, and contributor to PovertyCure, has published an article at First Things, titled “Can Business Save Your Soul?”  It is Widmer’s take on the statement by the Pontifical Council for Peace and Justice regarding the role of business (see commentary on this by Acton’s Kishore Jayabalan here).

Widmer states:

…the business community represents a fertile field for the practice of the Gospels and this is, I think, the aim of the Justice and Peace document.

It is, alas, common in our age to separate faith from business and promote a dualism between secular and holy.

The Church represents a counterpoint to that worldview: At the root of Christianity stands the fact that our path to spiritual fulfillment passes through our physical life and actions. Jewish and Christian faith is not only spiritual but also physical. Judaism emphasizes this by focusing on an actual city in this world: Jerusalem and a single historical people, the Jewish people. Christianity emphasizes the incarnate nature of the divine. On the last day, we will be raised in both body and spirit.

The document is a loud and clear call to a strong inner life for business leaders. It is also a call to develop among them a “spirituality of work.” It is even more important to provide a religious “formation” for business leaders and for students in our universities. We have long done the latter. We have barely begun the former.

(The entire statement from Cardinal Peter Turkson is available here in PDF format.)

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Samuel Gregg is quoted in today’s New York Times story about the Vatican note calling for a central world bank — he gives the final word on the document. The “politically liberal Catholics” quoted before him reveal that they have missed a crucial distinction in the document produced by the Pontifical Council for Peace and Justice. Gregg, of course has picked up on that distinction; he wrote yesterday:

Putting aside doctrinal questions, this text also makes claims of a more strictly economic nature…. The text makes a legitimate point about the effects of a disjunction between the financial sector and the rest of the economy.

Unfortunately, many of its authors’ ideas reflect an uncritical assimilation of the views of many of the very same individuals and institutions that helped generate the world’s most serious economic crisis since the Great Depression.

The academics and activists who see in the document a way forward to socialism have missed the split between the note’s diagnosis of the world economy, and its proposed economic reforms. I cannot resist quoting G.K. Chesterton: “The reformer is always right about what is wrong. He is generally wrong about what is right.”

To say that “the time has come to conceive of institutions with universal competence,” as PCPJ President Cardinal Turkson did yesterday, is all well and good, but the possibility of such institutions running effectively is another matter.

Indeed, Kishore Jayabalan, the director of Istituto Acton and a former staffer at the Council, asked the National Catholic Reporter, “What makes the [Council] think that ‘global’ leaders will succeed where so many national ones have failed? It is a shame this document is based more on sentimental political hopes for world government than on actual experience and expertise of financial markets.”