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Pope Francis: Economy must be social, at service of society

Pope Francis: Economy must be social, at service of society

Published February 28,2023


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Pope Francis mentioned the world must have the braveness to think about an economic system that is not “purely liberal” however is as an alternative “at the service of society.”

In an interview revealed on Tuesday by the Catholic Belgian weekly Tertio, along with the Belgian French publication Dimanche, Francis proposed an alternate mannequin of the economic system.

“We need to be prudent with the economy: if it is too focused on finance alone, on simple numbers that have no true entities behind them, then the economy is reduced to dust and can lead to a serious betrayal,” the pontiff mentioned.

“The economy has to be a social economy,” the pope added, citing the late John Paul II, the favored pontiff from 1978 to 2005 who added “social” to the expression “market economy.”

Francis urged folks to at all times keep in mind social points amid deep financial crises.

“At this time, the economic crisis is undoubtedly serious, the crisis is terrible,” he mentioned. “The majority of people in the world-the majority-does not have enough to eat, it does not have enough to live on.”

The pope additionally pressured that world wealth stays within the fingers of some individuals who lead giant companies “which are sometimes inclined to exploitation.”

“The economy has to always be social, at the service of society,” he concluded.

Source: www.anews.com.tr