The good pope recently mailed a letter to British Prime Minister David Cameron, the G-8 Summit host in Belfast, in which he reminds us that an economy without ethics is a bad economy. A salient section:
The long-term measures that are designed to ensure an adequate legal framework for all economic actions, as well as the associated urgent measures to resolve the global economic crisis, must be guided by the ethics of truth. This includes, first and foremost, respect for the truth of man, who is not simply an additional economic factor, or a disposable good, but is equipped with a nature and a dignity that cannot be reduced to simple economic calculus. Therefore concern for the fundamental material and spiritual welfare of every human person is the starting-point for every political and economic solution and the ultimate measure of its effectiveness and its ethical validity.
Moreover, the goal of economics and politics is to serve humanity, beginning with the poorest and most vulnerable wherever they may be, even in their mothers’ wombs. Every economic and political theory or action must set about providing each inhabitant of the planet with the minimum wherewithal to live in dignity and freedom, with the possibility of supporting a family, educating children, praising God and developing one’s own human potential. This is the main thing; in the absence of such a vision, all economic activity is meaningless.
In this sense, the various grave economic and political challenges facing today’s world require a courageous change of attitude that will restore to the end (the human person) and to the means (economics and politics) their proper place. Money and other political and economic means must serve, not rule, bearing in mind that, in a seemingly paradoxical way, free and disinterested solidarity is the key to the smooth functioning of the global economy.
So the economy serves humanity, not vice versa. Who would-a thunk it? Read the entire letter here. Michael Sean Winters compares the pontiff’s thoughts with some American policy proposals. Read him here. It’s all food for thought.