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The markets are not able to govern themselves: The Vatican - Perspectives Daily

May 17, 2018
TRANSCRIPT:
At his daily Mass at Casa Santa Marta this morning, the Holy Father reflected on two types of unity in his homily - one he calls “true” unity, and the other “false” unity.
False unity, the Pope said, leads to division. It is an “exploitation of the people ... because it converts them into an anonymous mob.” “This is the dynamic beneath any condemnation, calumny, or defamation. Even at the parish level, ‘when two or three begin to criticize another and begin to talk behind the person’s back... They create a false unity to condemn. ... In this way, gossip is a behavior that kills because it destroys people, it destroys their reputation.’”
“Let’s think of the greatness,” the Pope concluded, “of the vocation to which we are called: to be one with Jesus, and the Father. ... May the Lord give us the grace of walking always along the path of true unity.”
Diplomats have a duty to uphold human rights for all people, especially those fleeing their countries due to war, poverty and environmental challenges. That was the message the Holy Father gave to the new ambassadors to the Vatican today at an audience welcoming the new diplomats to Rome.
The issue of migration, the Pope said, “has an intrinsically ethical dimension that transcends national borders and narrow conceptions of security and self-interest.” “None of us can ignore our moral responsibility to challenge the ‘globalization of indifference’ that all too often looks the other way in the face of tragic situations of injustice calling for an immediate humanitarian response,” he said.
The pope's comments came in a speech welcoming new ambassadors to the Vatican from Tanzania, Lesotho, Pakistan, Mongolia, Denmark, Ethiopia and Finland.
The Vatican released today, an important document, entitled in English: “Economic and Financial Questions”.
The 15-page document, which was presented at a press conference, calls for more market and financial regulation, saying that recent economic crises prove that markets are not able to govern themselves and need a strong injection of morals and ethics. The document also urges that universities and business schools need to educate the next generation of business leaders about ethics and not just profits. Focusing on profits and not for the greater good is “illegitimate”. It condemns a “reckless and amoral culture of waste” that has marginalized “great masses of the world’s population, deprived them of decent labour, leaving them without any means of escape.”
Now, the document also expresses regret over what it calls a failed opportunity to correct the failings within the world’s economic-financial systems, warning that “selfishness makes everyone pay a high price.” The document concludes with the idea that if we want the real well-being of humanity, then “Money must serve, not rule."
And finally tonight, we continue to follow the abortion referendum story in Ireland as the country prepares to vote next week on whether or not to remove the constitutional rights of the unborn and open the floodgates to abortion access.
Irish bishop, Bishop Kevin Doran, is predicting that the referendum will be a close vote. In a recent interview with Vatican News, he described how many people, both young and old, in his diocese are very much engaged in the ongoing debate and are going from “door to door” to campaign for a “No” vote.
“Abortion”, the bishop said, “is always an emotional and divisive issue but at the same time, there is also a deep concern over the long-term moral and legal implications of this referendum if a majority vote in favour of lifting the constitutional ban on most abortions.” When asked about why there are still so many undecided voters at this point, Bishop Doran said that “there’s a lot of bullying going on” and this has led many young people to keep quiet about their pro-life views during the current campaign.” But, “it’s becoming increasingly clear,” he said, “that a lot of Irish people have serious reservations about what the government is proposing,” predicting, that the referendum will be a closer vote than many expect.
That is all that we have time for today. Join us again Monday when I bring you more news and stories from the perspective of a Catholic lens.

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