Italian Muslims approve pope’s encyclical Caritas in Veritate
When Pope Benedict issued his encyclical Caritas in Veritate (Love in Truth) in July, he addressed it to “the bishops, priests and deacons, men and women religious, the lay faithful and all people of good will”. That list puts Catholics first, but it gets around to a wider audience by the end. Maybe because of that sequence, most of the discussion about the document has been in Catholic circles.
But in the pope’s back yard, i.e. in Italy, the message has attracted a wider audience. In a rare reaction from a non-Christian organisation, the Italian Muslim association Comunità Religiosa Islamica (CO.RE.IS.) Italiana has welcomed the encyclical and drawn parallels between its outlook and that of Islamic economic and social thinking. CO.RE.IS presented its reaction on the occasion of the Ecumenical Day of Christian-Islamic Dialogue in Italy on Tuesday. Following are some excerpts:
“The recent financial crisis, that witnessed an almost worldwide economic crash, should constitute a further confirmation of the impossibility of establishing a presumed society of wellbeing only upon market rules, excluding any transcendence, any metaphysical and religious perspective, as the pontiff has well expressed it … Just like the market cannot find in itself the meta-principles that would discipline it according to nature and to the function that God has entrusted to man on earth, money and capital cannot constitute a value in themselves, regardless of the finality of actions and of the realities that underlie their use…
“Islamic ethics, from its origins, develops the common principles of the Abrahamic civilisation as a whole aimed at providing ‘joint satisfaction in material and spiritual needs’. For example, the Islamic ban on loans with interest (ribâ) also existed in ancient Christianity. As early as the 4th and 5th centuries, the Fathers of the Church, both Greeks and Latins, ardently opposed it based on both the Old Testament and the Gospel… “In the centuries that have passed, the West has wished to forget the economic principles present in religions, basically considering them to be, in modern times, a heritage of archaic thought. However, it is not about ‘turning back’ to some anachronistic and ideal restoration, but to consider, as Benedict XVI has done in his appeal, the real contribution that a religious sensibility can concretely offer in fields such as the economy.”
CO.RE.IS says it is not using Caritas in Veritate to call for Islamic law in Western countries, but for an appreciation of religious views also inherent in Islam:
“Rather than implement parts of the sharîa within the current economic order, it is actually a matter of asking legislators to consider with due attention the contribution that economists, financial experts, technical advisors and those knowledgeable in Islam could give for a wider vision of the problems connected to the process of globalisation and governance. It is, therefore, not a matter of inserting Islamic rules into a world that could never entirely be Muslim but to benefit also from the knowledge found in the Islamic perspective on the economy.”
The document argued that an Islam understood according to its true principles and not through the extreme versions often presented by radicals had a contribution to make to the current economic discussion.
Pope pleased by business ethics debate since his encyclical
Pope Benedict has pronounced himself pleased with the discussion about business ethics sparked by his encyclical “Charity in Truth” published in July. In a short question-and-answer session (here in the original Italian) with journalists en route to the Czech Republic over the weekend, he commented on reactions to the document:
“I’m very pleased by the broad discussion. That was my goal, to promote and motivate a discussion about these problems and not to allow things to go along as they are but to find new models for a responsible economy both in individual countries and for all of humanity.
“Today it really seems visible to me that ethics is not something exterior to the economy, a technical issue that could function on its own, but it’s an interior prinicple of the economy itself which cannot function if it does not take account of the human values of solidarity and reciprocal responsibility. Integrating ethics into the construction of the economy itself is the great challenge of this moment, and I hope to have made a contribution to this challenge with the encyclical.
“The discussion going on strikes me as encouraging. Certainly, we want to continue responding to the challenges of the moment and to help ensure that the sense of responsibility is stronger than the desire for profit and that responsibility for others is stronger than egoism. This is the way we want to contribute to a humane economy in the future.”
Do you think there is more discussion about business ethics, especially since the pope’s encyclical? Has that document contributed to a change in opinion about what is right and wrong in business?
For our latest on business ethics, see our recent feature “Crisis sparks soul-searching at business schools” by Claudia Parons and the blog post U.S. Catholic CEO responds to Benedict’s economic encyclical by Daniel Bases, both reporting from New York.
I thought it was going to be easier reveiwing Pope Bebedict’s economic encyclical but find myself reacting to it more than reveiwing it. It was much easier reviewing people like Alan Greenspan and his Age of Turbulence book and John Perkins’s book – Confessions of an economic hit man ( the latter is a must read prior to digesting the Pope’s encyclical. )
At Ray Tapajna Chronicles, since 1998, we forecasted the economic crisis for the past several years. Based on many experts in the field, it was very predictable. Our main sites are at http://tapsearch.com/tapartnews http://tapsearch.com/flatworld http://tapsearch.com/workers-dignity-bet rayed and a list or our sites are at http://linkbun.ch/aztb
We also dedicated a site in exploring the latent response of religion and philosophy holding globalization and free trade as the main cause of our global economic crisis. We search into the meaning of the common good and how it applys in a global economic arena. We look into the ethics issue but its is difficult to develope properly when workers have no voice in the process of globalization and free trade. Elite groupings contol the value of work and have the commanding voice in most matters relating to human dignity in the work place. It seems ethics has to wait its turn for reforms. see http://www.therationale.com
Sir James Goldsmith who wrote The Trap led the way years ago in a populist mode protesting the advances of globalization with its tools being free trade. Manuel Castells wrote several books related to the subject and predicted the Bewildered New World we have today vividly years ago. We have quoted him in many of our articles on several sites for years. As I read the encyclical, I had to wonder why the Pope is so late in responding to the Bewildered New World.
We had an article published on the Federal Trade Comission site in 1998 titled – If this is a good economy, I would hate to see a bad one. We updated it in 2001 and 2009 with only a few changes needed to the list of more than 30 points. see http://linkbun/ch/e8tt for all of these sites.
Now the term Globalization is on automatic with hardly anyone contesting its validity. We do not need any conspiracy theories to know, Globalization was designed and driven by powerful forces outside the will of the people. The term should be Globalism because it is a new ism that was announced by the elder President Bush when he announced a New World Order. He set a program down on paper and President Clinton came and activated the programs as if they were his own. Then President Bush the 2nd came and consummated the programs while he had the publics’s eye watching his shock and awe pre-emptive wars. President Obama follows and still has not challenged the process. He hides it behind the sensitive health care issue.
U.S. Catholic CEO responds to Benedict’s economic encyclical
Pope Benedict’s encyclical “Charity in Truth” proposed a sweeping reform of the world economic system from one based on the profit motive to one based on solidarity and concern for the common good. Like other such documents in the Roman Catholic Church’s social teaching tradition, the encyclical delivers a strong critique of unbridled capitalism. This can be uncomfortable for Catholics who champion free enterprise and some conservative Catholic writers reacted quickly and critically. One of them, George Weigel, wrote the encyclical “resembles a duck-billed platypus.”
We wanted to hear the views of a Catholic executive, one who’s involved in business rather than reacting from the sidelines. So I called Frank Keating, president and chief executive officer of the American Council of Life Insurers (ACLI). The former Republican governor of Oklahoma (1995-2003) is a former chairman of the National Catholic Review Board, which he said “sought to identify and correct the horror of sexual abuse on the part of the clergy.” He is a Knight of Malta and a Knight of the Holy Sepulchre.
DB: What’s your overall reaction to the encyclical?
FK:“I haven’t read the 30,000 words but I think what the pope is proposing is not inconsistent with other papal messages. The common denominator to all of them is the worth of the individual, the dignity of every human person. So Benedict XVI focuses on the right to life, he speaks against euthanasia, he speaks against the evil of abortion, he speaks against cloning. But at the same time he talks about duties and responsibilities to the vulnerable because the vulnerable are dignified human beings as well as those who are rich and powerful.
“So to exploit someone in a capitalist society is, according to Benedict, inapropriate and contrary to Catholic moral teaching. But for me as a free market capitalist, I see in this statement also the right for me to determine my destiny. In other words, if I wish to work for the state I should be able to do so. If I wish to found a small business, I should be able to do so. A dignified, independent mortal soul, a caring individual should be able to determine their own destiny.
“There is a little bit for the left, support for unions, support for protection of the globe against waste, but there is also something I think for the free market advocates in the Church, because if you are an independent creature with a unique personality based upon, obviously, the immortality of your soul, you should be able to work or not work as your decision. I think there is a little bit for everyone.” DB: What do you think about Benedict’s call for a “world political authority” to manage the global economy?
FK: “I think it is impractical to suggest that sovereign nations will surrender on the one hand a free market economy or on the other hand a socialist economy or completely managed or disintigrating economy as you would have for example in a place like Zimbabwe, or places like that which are utterly dysfunctional. I don’t think he would suggest that those economies that work surrender what works to those that don’t work and be managed by some supernational group that would impoverish everybody. I think what he’s talking about.
As governor of Oklahoma, Keating was notoriously anti-union. He was the head cheerleader for ‘right to work’ which passed in 2001.for the New Mexico Conference of Churches statement on why RTW is wrong see: http://www.nmchurches.org/node/47also to read Guthrie’s thesis: ‘Labor Unions – Champions of Social Justice, seehttp://www.guthriefamilyfoundation.or g
Japan’s rare Catholic PM Taro Aso meets Pope Benedict
Japanese Prime Minister Taro Aso, a member of Japan’s tiny Roman Catholic minority, had a chance toenjoy some time away from political trouble at home when he met with Pope Benedict on Tuesday.
As his first stop during a trip to attend July 8-10 summit of G8 leaders in Italy, Aso went to the Vatican, gave the pope a Sony digital video camera and discussed the global economic crisis with him.
His visit was timely in that respect — Benedict published an encyclical on economic and social issues today, calling for a bold reform of the world economic order to overcome the financial crisis and redirect the focus of business to the welfare of all people.
Aso, the first Japanese prime minister to meet a pope in 10 years, told Benedict that Japan wanted to cooperate with the Vatican, according to his aides. According to the Vatican daily L’Osservatore Romano, the two men had a cordial discussion that “touched on current international issues such as the economic crisis and the commitment of Japan and the Holy See to Africa. On the bilateral level, the good relations between Japan and the Holy See were noted.”
For the unpopular prime minister, who looks set to lose a general election due by October, meeting Pope Benedict was probably a personal highlight of his trip, even though voters would not care much.
Aso is having a tough time at home with his support falling on doubts about his leadership abilities and the main opposition party has a good shot at ending more than a half-century of almost unbroken rule by Aso’s business-friendly Liberal Democratic Party.
Pope Benedict told Aso that he was happy to meet a Japanese prime minister who is Catholic and to know that Japan’s society is open to various religions.
Pope urges bold world economic reform before G8 summit
Pope Benedict issued an ambitious call to reform the way the world works on Tuesday shortly before its most powerful leaders meet at the G8 summit in Italy. His latest encyclical, entitled “Charity in Truth,” presents a long list of steps he thinks are needed to overcome the financial crisis and shift economic activity from the profit motive to a goal of solidarity of all people.
Following are some of his proposals. The italics are from the original text. Do you think they are realistic food for thought or idealistic notions with no hope of being put into practice?
- “There is urgent need of a true world political authority. .. to manage the global economy; to revive economies hit by the crisis; to avoid any deterioration of the present crisis and the greater imbalances that would result; to bring about integral and timely disarmament, food security and peace; to guarantee the protection of the environment and to regulate migration… such an authority would need to be universally recognized and to be vested with the effective power to ensure security for all, regard for justice, and respect for rights.”
- The economy needs ethics in order to function correctly – not any ethics whatsoever, but an ethics which is people-centred…”
- “Financiers must rediscover the genuinely ethical foundation of their activity, so as not to abuse the sophisticated instruments which can serve to betray the interests of savers. Right intention, transparency, and the search for positive results are mutually compatible and must never be detached from one another.”
- “Without doubt, one of the greatest risks for businesses is that they are almost exclusively answerable to their investors, thereby limiting their social value… there is nevertheless a growing conviction that business management cannot concern itself only with the interests of the proprietors, but must also assume responsibility for all the other stakeholders who contribute to the life of the business: the workers, the clients, the suppliers of various elements of production, the community of reference… What should be avoided is a speculative use of financial resources that yields to the temptation of seeking only short-term profit, without regard for the long-term sustainability of the enterprise, its benefit to the real economy and attention to the advancement, in suitable and appropriate ways, of further economic initiatives in countries in need of development.”
- “One possible approach to development aid would be to apply effectively what is known as fiscal subsidiarity, allowing citizens to decide how to allocate a portion of the taxes they pay to the State.”
Definitely prophecy being fulfilled. World political authority huh? Sounds like the beast of Revelation.These are not off-the-wall ideas, these are well-planned schemes to take our freedoms and set up a New World Order who pays homage to none other than Satan himself. Only hope is to surrender to God and accept His Son Jesus, who is able to sustain us.










The old biblical message – do unto others as you would have them do to you – is not only a moral statement but also is a pragmatic solution in economics too. The value of work and workers has been deflated in recent years and this is a real value we have to back up our money systems. Our paper money systems require alot of questionable manipulations to grow value.
The first question to ask by all is this: Who said we had to compete like this with each other on a global basis? In the answer, we will find a way to restore the common good among all workers in the world. See http://tapsearch.com/pope-benedict-econo mic-encylical