Posts tagged with: pope benedict xvi

Noted NYU law professor and free-market advocate Richard Epstein has written a provocative piece titled “How is Warren Buffett like the Pope? They are both dead wrong on economics.” Here’s the money quote:

The great advantage of competition in markets is that it exhausts all gains from trade, which thus allows individuals to attain higher levels of welfare. These win/win propositions may not reach the perfect endpoint, but they will avoid the woes that are now consuming once prosperous economies. Understanding the win/win concept would have taken the Pope away from his false condemnation of markets. It might have led him to examine more closely Spain’s profligate policies, where high guaranteed public benefits and extensive workplace regulation have led to an unholy mix of soaring public debt and an unemployment rate of 20 percent. It is a tragic irony that papal economics mimic those of the Church’s socialist opponents. The Pope’s powerful but misdirected words will only complicate the task of meaningful fiscal and regulatory reform in Spain and the rest of Europe. False claims for social justice come at a very high price.

I blogged about Pope Benedict’s comments last week, and while I don’t disagree with Epstein’s main point, I wonder if he actually means to deny the importance of ethics in economics. The Pope wasn’t saying that there should be no fiscal or regulatory reform, but that such reform must consider future, and not merely present, well-being, which is actually the impetus for policies such as liberalizing labor markets. And unlike Warren Buffett, the Pope wasn’t calling for higher taxes on the rich.

In short, the Pope was making a larger ethical argument that can certainly include the much-needed reforms Epstein cites. Since the Pope isn’t an economist and doesn’t pretend to be one, we should listen to his moral teachings and try to incorporate them with sound economics, rather than disparage them as economically damaging. It is true that while Catholic social teaching stresses the importance and necessity of profits, far too many Catholic and other religious leaders neglect how profits are actually made and distributed – which Epstein briefly and usefully describes – and in this sense, it is far too easy for moralists to pit profits versus people. It would make more sense to try to relate how profit maximization can and often does contribute to the common good, but it can’t do so without ethical men and women who won’t lie, cheat and steal.

I’d like to think that both the Pope and Richard Epstein are right.

On his flight to World Youth Day in Madrid this morning, Pope Benedict XVI responded to a question about the current economic crisis. Not sure what the question was, but the well-respected Italian Vatican analyst Andrea Tornielli captured the reply. Here’s my quick translation of the Pope’s answer:

The current crisis confirms what happened in the previous grave crisis: the ethical dimension is not something external to economic problems but an internal and fundamental dimension. The economy does not function solely on mercantile regulations, but needs an ethical reason to work for man. This is what John Paul II affirmed in his first social encyclical: man must be at the center of the economy and the economy must not be measured by profit maximization but by the good of all, which includes responsibility towards the other. The economy works truly well only if it works in a human way, in respect for the other according to different dimensions. The first dimension is responsibility for one’s nation, and not only for oneself. The second is responsibility towards the world: nations are not isolated, as Europe is not closed in on itself, but responsible for all humanity, and must confront economic problems with this “key” of responsibility also for other parts of the world, for those countries that experience hunger and thirst. The third dimension concerns the future, we have to protect our planet, but we must also protect the working of the labor system for all, to think of tomorrow as well as today. If today’s youth do not find prospects for their lives, our today is mistaken and wrong.

It’s pretty clear that the Pope is referring to the economic problems particular to Spain, where youth unemployment is over 40 percent, and also where protesters known as los indignados are blocking the reform attempts of the Spanish government. The same indignados who’ve attempted to start riots in Madrid with World Youth Day pilgrims. The Holy Father is clearly a gentle and patient man.

The Pope also addresses ethics, the central role of the person, our responsibility to others and to the future of our planet. Nothing he said was at all different from what he or his predecessor, Blessed John Paul II, has indicated as a morally correct understanding of the market economy. And as he has previously said, dealing with our failings and weaknesses is the price of human freedom and responsibility. The more freedom we have, the greater the risk of our misusing it. But this is not a reason to restrict that freedom; doing so would actually replace the person from the center of the economy with cold, impersonal regulations.

Perhaps the Pope was referring to the record profits of some banks and other companies while unemployment remains high. Much of this is of course due to government policies to “stimulate” the economy in times of uncertainty, regardless of how that money is spent. Was the Pope questioning the results of Keynesian stimulus spending?

The real challenge for economists and policy makers is how do we move from the good intentions of providing ever-increasing, ethically-sound prosperity for all to actual results. Part of that challenge is the fact that our prosperity is the result of constant competition and rapid change, which can also endanger our current standard of living. It is unlikely we’ll ever be able to “guarantee” a stable, prosperous future for everyone because no one actually “controls” the global economy. The cost of putting someone in charge would effectively cut off the competition and innovation needed to create wealth, and would most likely be a force for evil rather than good. The most we can do is to expand opportunities for all, which is difficult enough for today’s local and national leaders, let alone for any global authority.

Blog author: crobertson
Wednesday, August 10, 2011

World Youth Day being held in Madrid August 16-21 will be an important opportunity for Pope Benedict XVI to speak regarding Europe’s Christian roots. George Weigel summarized some remarks from the Holy Father to religious and cultural leaders in Zagreb, Croatia. The pope spoke on many important topics including freedom, free society, human rights, and democracy. It is important to note that though obvious to many Americans, these points are still “wildly counter-cultural” in Europe. Like Weigel, I hope someone takes notice to help bring needed religious, political, business and cultural change to Europe.

The debate over the separation of church and state as well as religion’s role in politics has been intense and ongoing for years. In this week’s Acton Commentary, Tony Oleck seeks to add clarity to the debate. In his commentary, Oleck balances the desires of the Founding Fathers with what it means to be a Christian. Get Acton News and Commentary every Wednesday in your email inbox. Click here to sign up today.

Controversial Christianity: Understanding Faith and Politics

By Tony Oleck

As the race for the 2012 party nominations for president heats up, the question of religion and its place in politics surfaces yet again.  Whether the controversy is over mosques or Mormonism, religion permeates much of today’s political talk, despite various pleas for a “separation of church and state” from both the secular and religious worlds.  But what does the separation of church and state truly mean?

While many use the phrase to refer to a complete isolation of religion from politics, history tells us that the most famous advocate of this principle in America, Thomas Jefferson, may have had a different idea of what a “wall of separation between church and state” really meant.  In his 1802 letter to the Danbury Baptists, Jefferson writes:

Believing with you that religion is a matter which lies solely between Man & his God, that he owes account to none other for his faith or his worship. . . I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should “make no law respecting an establishment of religion, or prohibiting the free exercise thereof,” thus building a wall of separation between church & state.

What Jefferson sought to prevent was state intervention into religious affairs. And the separation of church and state, as our founding fathers understood the phrase, meant the avoidance of a church-state.  A church that acts as or controls the state is not in accordance with Christ’s message, but a church that informs the state is.  If the role of the state is to allow for and to promote the freedom and well-being of its citizens, then it has only to benefit from the Christian understandings of truth, freedom and God’s undying love for the world.

I am reminded of something a former English teacher once told me about religion and politics.  “It’s like when I go to get my car fixed,” he said, “I don’t determine which mechanic to go to by what religion he practices.”  While I would agree, I tend to take the leadership and future of my country a little bit more seriously than whether or not my radio works.  Granted, a candidate should never be excluded from office for solely religious purposes, but a Christian nevertheless need not feel ashamed for supporting a particular candidate because of his or her religiously-based position on certain social issues.

Why did our founding fathers describe man as “being endowed by their creator with certain unalienable rights”? And why were the words “In God We Trust” and “One Nation under God” added eventually to our currency and our pledge of allegiance, respectively? It was because they realized that only in recognizing man as having been created in God’s own image as a species set apart could America grow and prosper.  It was this common Christian heritage that allowed the state to grow in the first place.  While not all of America’s founding fathers were necessarily practicing Christians, they understood that for the American experiment to succeed it must at the very least be founded on Christian principles; on both faith and reason. They understood the transformative nature of Christ’s teachings and the dignity and truth which they expounded to human beings.

This is not to say, of course, that the United States only has room for Christianity as a system of belief.  Religious freedom is a necessary condition for a just and prosperous society.  As Pope Benedict XVI said in his World Day of Peace address this past New Year’s, “Where religious freedom is acknowledged the dignity of the human person is respected at its roots and through a sincere search for truth and good, moral conscience and institutions are strengthened.  For this religious freedom is a privileged path to peace.”

But while religious freedom is necessary for peace, it is never an excuse for inaction.  Christians often feel the need to separate their religious beliefs from their political views so as not to “impose” their beliefs on others, but this separation is contrary to the Gospel message.  Because acceptance of the Gospel and the subsequent sharing of the Gospel go hand-in-hand, a Christian who is content to confine his faith to the walls of his own home may be a Christian by name, but he is an atheist by practice.

Christianity is more than a moral code. It is by its nature both transformative and truth-seeking. And if Christianity is meant to transform our lives and to expound truth (whether that truth is culturally attractive or not), then it becomes necessary that we allow our faith to inform our politics.  It offers the lens of a true enlightenment, through which we can understand the meaning and purpose of political action in the first place.

Blog author: kspence
Thursday, July 21, 2011

Archbishop Charles J. Chaput was named the next archbishop of Philadelphia on Tuesday, and mainstream coverage of the story immediately turned to sex abuse scandals. Which makes a lot of sense because, you know, that has dominated his tenure in Denver. As John Allen pointed out, that’s not the case at all, but George Weigel reminds us not to expect anything else.

What Archbishop Chaput is justly notable for is his Christian contribution to public debate. In his books, including the influential best-seller Render Unto Caesar, his writings in periodicals, and even his testimony before Congress, the Archbishop has been a model of evangelization of the secular world. He sees the Christian vocation to preach the Gospel as inseparable from an engagement in the public square. As he told John Allen, evangelization “is about trying to see the best of the world around us and to show how the Gospel makes it better and richer, and how the Gospel at the same time corrects it and purifies it. There’s no way the Gospel can embrace and purify the world unless it knows the world.”

Now Archbishop Chaput has been considerably more engaged in public life than many bishops, but he insists that an engagement driven by the Gospel cannot be a passive one, that a cleric is “unavoidably a leader, not a facilitator or coordinator of dialogue. A priest can’t just be a man of dialogue and consensus, because at some point he also has to lead.”

The Archbishop is a model for other Christian leaders whose congregations look to them for guidance when religion and public policy intersect. He combines Christian charity with absolute fidelity to Christian moral precepts and proper circumspection. His position on Health Care exemplifies this attitude:

Health care, of course, is one of the things the church has done in imitation of Jesus Christ, who came to heal the sick and to drive out evil in the world. It’s very important for us to be involved, but in a way that Jesus is involved, and not to do anything at all that would contravene the teachings of the Gospel.

As St.Paul said, “We may never do evil that good may come about” (Romans 3:8). Chaput is one of those bishops who understands that while Christians may have prudential disagreements about how to realize a good end, there are certain accommodations that a Christian may never make. The distinction is missed by many Christians and non-Christians.

Archbishop Chaput’s approach to public discourse may best be summed up by his answer to Allen’s Benedict-or-John Paul question at the end of their interview: “I hope that I have the evangelical energy of John Paul II, and the clarity of preaching of Benedict XVI.” That is quite an aspiration, but it is one which all Christians, and especially clergy, ought to share.

There has been a lot of buzz throughout the Roman Catholic Church as it prepares to implement a new missal on November 27. As the Church begins a new chapter in its history, Tony Oleck writes an article for Crisis Magazine titled “The True Beauty of Liturgy.” Oleck is a Roman Catholic seminarian for the Congregation of Holy Cross and a summer intern at the Acton Institute.

In his article Oleck explains the reasoning behind Pope Benedict’s new missal while also keeping a keen eye towards the beauty of the liturgy:

That is why Benedict’s reforms of the Roman Catholic liturgy could have an impact that reaches far beyond the Catholic Church. The Church is described in Light of the World as “giving expression to God’s message, which raises man to his highest dignity, goodness, and beauty.” This is and always has been the mission of the Church — to transform and to elevate man by creating a culture that fosters human flourishing. With his attention to liturgy, Benedict reminds us of the truth of our existence: that we are pilgrims on this earth, and we were created to live for more than the temporal.

The true beauty of liturgy is that it raises our eyes and our hearts toward Heaven, reminding us of the eschaton, the day when we pass from the temporal into the eternal. The Church exists to transform the world, to prepare it for the coming of Christ’s kingdom. Because liturgy is the primary place where this transformation occurs, Benedict is right to put it at the top of his agenda. If what we pray is what we believe, then the way we pray will determine the way we will live.

Click here to read the full article.

In Crisis Magazine, Acton Research Director Samuel Gregg has a new article that looks at how Catholics reflect on a wide range of financial questions ranging from the federal government’s fiscal woes to consumer debt to a fragile banking system.

Today one looks in vain for Catholic thinkers studying our debt and deficit problems from standpoints equally well-informed by economics and sound Catholic moral reflection. We don’t, for instance, hear many Catholic voices speaking publically about the moral virtues essential for the management of finances such as prudent risk-taking, thrift, promise-keeping, and assuming responsibility for our debts — private or public.

Instead, one finds broad admonitions such as “put the interests of the poor first” in an age of budget-cutting. The desire to watch out for the poor’s well being in an environment of fiscal restraint is laudable. But that’s not a reason to remain silent about the often morally-questionable choices and policies that helped create our personal and public debt dilemmas in the first place.

One Catholic who has proved willing to engage these issues is none other than Pope Benedict XVI. In his 2010 interview book Light of the World, Benedict pointed to a deeper moral disorder associated with the running-up of high levels of private and public debt. The willingness on the part of many people and governments to do so means, Benedict wrote, “we are living at the expense of future generations.”

In other words, someone has to pay for all this debt. And clearly many Western Europeans and Americans seem quite happy for their children to pick up the bill. That’s a rather flagrant violation of intergenerational solidarity.

Read “Debt, Finance, and Catholics” on the Crisis Magazine website.