Skip to content

Pope Francis sends a message to Davos elites -- they'd do well to listen

By Catholic Online (NEWS CONSORTIUM)
1/21/2014 (3 years ago)
Catholic Online (www.catholic.org)

Pope calls for wealth to be used for the good of all.

As the world's wealthiest elites gather in Davos, Switzerland for talks about what they should do with themselves and their incredible wealth, Pope Francis offered a suggestion by letter.

Pope Francis has called for the world's wealth to serve man, rather than for man to serve wealth.

Pope Francis has called for the world's wealth to serve man, rather than for man to serve wealth.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
1/21/2014 (3 years ago)

Published in Business & Economics

Keywords: Pope Francis, Davos, wealth, letter, quotes


BERN, SWITZERLAND (Catholic Online) - In a letter sent to the 2,500 attendees of the World Economic Forum, Pope Francis urged them use their wealth to serve humanity and to promote prosperity around the world.

The Davos Economic forums is attended by the wealthiest people on Earth and is a yearly summit where they talk about grand ideas and humanitarian efforts. Some have criticized the Davos summits for producing little good for the rest of the world.

The poor can't wait. Join us and serve humanity. Let us invite the world's poor to our table!

Figures released by Oxfam on Monday show that just 85 people control 45 percent of the world's wealth, and possibly more.

A large percentage of the world's people still subsist on less than a dollar per day.

These facts contrast predictions by people such as Bill Gates who suggested that there will be no more poor countries in the world by 2035, thanks to changes in technology, globalization, and advances in medicine.

Despite these lofty goals and the hobnobbing between the world's elites, Pope Francis presented his challenge. "I ask you to ensure that humanity is served by wealth and not ruled by it," Pope Francis wrote in his letter.

"The growth of equality demands something more than economic growth, even though it presupposes it. It demands first of all 'a transcendent vision of the person.'"

"It also calls for decisions, mechanisms and processes directed to a better distribution of wealth, the creation of sources of employment and an integral promotion of the poor which goes beyond a simple welfare mentality."

The world needs a new way of distributing wealth. On a planet as rich as ours in resources, nobody should go hungry. Although we need to reward people with talent and those who strive to improve themselves, we now live in a world where opportunity is lacking and even the ultra-wealthy have little motivation to improve because their wealth is entrenched and protected.

An estimated $21 trillion in global wealth is believed to be hidden away in secret, offshore havens where it cannot be tracked or taxed.

Today, virtually nobody can surmount the obstacles of income inequality and the world is slowly returning to state of economic distribution more akin to centuries past. The long-term political and economic implications of this backslide are impossible to predict.

However, widespread poverty and a lack of opportunity, which is more real than understood by most, especially Americans, threatens the spread of popular socialism and other policies which could ultimately harm freedom, democracy, and the wealthy themselves.

Already, a generation of youth is graduating college with less hope than ever of landing a career for which they have been trained, leading to anxiety and desperation for those who accepted debt to attend college.

Alongside them are billions of people who struggle with greater problems including food insecurity and literal starvation. None of these people are likely allies to the establishment or will prove supportive of expanding inequality. Unfortunately, beyond a certain point, it is impossible to restore a greater balance and fairness to a system which is rigged to make the rich richer.

According to Oxfam, political systems have already been undermined by money and the lavish spending of a few.

The last hope for a peaceful restoration of opportunity and equality may come from the Church itself, who reinforces that the market is made for the man, not the man for the market.

Pope Francis calls for your 'prayer and action'...

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for SEPTEMBER 2017
Parishes.
That our parishes, animated by a missionary spirit, may be places where faith is communicated and charity is seen.


Comments


More Business & Economics

Is now the time to sell? Experts say Wall Street is on a bubble, here's why Watch

Image of Stocks appear to be on a bubble according to many experts.

Is now the time to sell on Wall Street? Stocks are on a bubble, according to multiple analysis and expert opinions. Fundamental market ... continue reading


Forget Winter, Recession is Coming Watch

Image of Major indicators reveal recession is coming.

The economy is about to go into recession according to several Wall Street firms. They are warning investors to prepare for an end to the ... continue reading


Get ready for self checkout everywhere: 3.5 million retail cashiers are about to be replaced by automation Watch

Image of Retail cashiers often loathe self checkout stands. However, both cashiers and self checkout stands are facing replacement as new technologies threaten to eliminate the checkout process.

Automation is coming soon to a store near you as retailers look for ways to cut costs and improve profits. The best way to accomplish this ... continue reading


'Budgets are moral documents'

Image of

The highly relevant quote, "Budgets are moral documents," has been arguably attributed to Rev. Martin Luther King, Jr. But if he didn't ... continue reading


Central bankers warn of looming global recession Watch

Image of A recession could be lurking around the corner and central banks have been asked to take note, especially in Asia.

A group of central bankers has warned that a great recession, possibly larger than the 2007-2008 recession is looming on a global scale. ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.