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Pope: Economy needs ethics to function correctly

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Uploaded on Jul 7, 2009

The economy needs ethics in order to function correctly, just as the implementation of ethical financing and systems of micro-credit and micro-finance indicate. In development programmes, the principle of the centrality of the human person must be preserved, while international organizations might question the actual effectiveness of their bureaucratic and administrative structure.This is one of the central messages of Benedict XVIs new encyclical Caritas in Veritate that was published July 7th and signed by the Pope in recent days.The way humanity treats the environment influences the way it treats itself, and vice versa, the text says, for the book of nature is one and indivisible whether on ...

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