Pope Calls For New Approach to Global Finance

Tribulation Times

READ THE BIBLE IN ONE YEAR: http://www.oneyearbibleonline.com/july.asp?version=63&startmmdd=0101

  

(Luk 12:16-21) And he spoke a similitude to them, saying: The land of a certain rich man brought forth plenty of fruits. And he thought within himself, saying: What shall I do, because I have no room where to bestow my fruits? And he said: This will I do: I will pull down my barns and will build greater: and into them will I gather all things that are grown to me and my goods. And I will say to my soul: Soul, thou hast much goods laid up for many years. Take thy rest: eat, drink, make good cheer. But God said to him: Thou fool, this night do they require thy soul of thee. And whose shall those things be which thou hast provided? So is he that layeth up treasure for himself and is not rich towards God. 

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G. K. CHESTERTON: "Too much capitalism does not mean too many capitalists, but too few capitalists."

VATICAN: Pope calls for new approach to global finance

Pope Benedict XVI has called for a "profoundly new way" of organising global finance and business, and called for a broader social responsibility in relation to capitalism. In his third encyclical document, Caritas in veritate (Charity in Truth), released on Tuesday, Benedict also said that social issues cannot be disconnected from the defence of life from the moment of conception to death.

"The conviction that the economy must be autonomous, that it must be shielded from 'influences' of a moral character, has led man to abuse the economic process in a thoroughly destructive way," the pope said.

"In the long term, these convictions have led to economic, social and political systems that trample upon personal and social freedom, and are therefore unable to deliver the justice that they promise."

"The world's wealth is growing in absolute terms, but inequalities are on the increase," the pope said.

The pontiff expressed concern about certain "malfunctions" of development and "speculative" financial dealings that were creating new forms of poverty.

He also called for greater international co-operation to safeguard the human rights of immigrants.

"Every migrant is a human being who, as such, possesses fundamental, inalienable rights that must 

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be respected by everyone and in every circumstance," he said.

The pope also reiterated the church's hardline opposition to abortion and used the encyclical to accuse governments and non-governmental organisations of working "actively" to spread abortion and promote sterilisation in poor countries.

"The church forcefully maintains this link between life ethics and social ethics," the pope said.

"Moreover, there is reason to suspect that development aid is sometimes linked to specific health care policies which de facto involve the imposition of strong birth control measures."

"Further grounds for concern," the pope said, "are laws permitting euthanasia as well as pressure from lobby groups, nationally and internationally, in favour of its juridical recognition."

FULL TEXT: http://www.vatican.va/holy_father/benedict_xvi/encyclicals/documents/hf_ben-xvi_enc_20090629_caritas-in-veritate_en.html

COMMENTARY: Caritas in Veritate: Why Truth Matters

VATICAN RADIO: Charity in Truth: A Wake up Call for World Leaders and Civil Society

INSIDE THE VATICAN NEWSFLASH: http://insidethevatican.com/newsflash/2009/newsflash-jul-06-09.htm

Ladder of Divine Ascent excerpt: Step 20- "On bodily vigil"

7. The God-loving monk, when the trumpet sounds for prayer, says 'Good, good!' The lazy one says: 'Woe, alas!'   

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This month's archive can be found at: http://www.catholicprophecy.info/news2.html.

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