Pope Francis: Economy has to become human again!

Pope Francis: Economy has to become human again!

Vatikanstadt, Italien - Vatican city - Pope Francis has sharply criticized the profit -like way of thinking in the financial world in a haunting speech to representatives of Italian banks. At the meeting in the Vatican on Monday, he insisted that finance should not only be operated for the purpose of the profit. "When finance tramples in humans, stir up inequality and removes life in the territories, it reveals its purpose," said the Pope. This warning, which also pointed out the dangers of an uncivilized economy, came at a time when many people suffer from the effects of a faulty financial system that it does not have in mind, like kathpress.at reported.

Francis also criticized the lending practices, which often only act protectively in favor of solvent customers and thus exclude the most needy. "Financial system no longer has a face," he warned of the globalized world, in which multinational companies often shift their production there "where it is easier to exploit workers." This is a shame not only local communities, but also lead to decades of skills. Instead, the Pope advocated an integrative financial system that serves people and promotes hope of a better future, such as Vaticannews.va

A call to change

Francis also put the need for debt relief in the foreground, especially with regard to the coming holy year. "This is the prerequisite for the fact that in the life of many people, especially the poor, hope and future," he emphasized, reminding the bankers of their responsibility to support an economy of peace. The positive effect of a fair financial system has been emphasized, which serves people and not only themselves, which is regarded as an essential basis for healthy economic development.