Pope: 'Ensure Ethics Shapes Economics'

Pope Benedict XVI discussed his new encyclical, Caritas in Veritate (Charity in Truth), in remarks made in English during today’s general audience at the Vatican.

Said the Pope:

Today I wish to reflect on my encyclical, Caritas in Veritate. Some 40 years after Pope Paul VI’s encyclical Populorum Progressio, it too addresses social themes vital to the well-being of humanity and reminds us that authentic renewal of both individuals and society requires living by Christ’s truth in love which stands at the heart of the Church’s social teaching.

The encyclical does not aim to provide technical solutions to today’s social problems but instead focuses on the principles indispensable for human development. Most important among these is human life itself, the center of all true progress.

Additionally, it speaks of the right to religious freedom as a part of human development, it warns against unbounded hope in technology alone, and it underlines the need for upright men and women attentive to the common good in both politics and the business world.

In regard to matters of particular urgency affecting the word today, the encyclical addresses a wide range of issues and calls for decisive action to promote food security and agricultural development, as well as respect for the environment and for the rule of law. Stressed is the need for politicians, economists, producers and consumers alike to ensure that ethics shapes economics so that profit alone does not regulate the world of business.

Dear friends: Humanity is a single family where every development program if it is to be integral must consider the spiritual growth of human persons and the driving force of charity in truth.

Let us pray for all those who serve in politics and the management of economies, and, in particular, let us pray for the heads of state gathering in Italy for the G8 Summit. May their decisions promote true development, especially for the world’s poor. Thank you.