Tag: Economics

What would Amos do?

When will the new moon be over so that we may sell grain; and the sabbath, so that we may offer wheat for sale? We will make the ephah small and the shekel great, and practice deceit with false balances, buying the poor for silver and the needy for a pair of sandals, and selling the sweepings of the wheat. ~Amos

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Mopping up the St. Paul’s Cathedral mess

“The symbolism of the closed door was the wrong symbol,” said Chartres, who also announced an initiative, led by a former investment banker, with the aim of “reconnecting the financial with the ethical”.

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Smash the idols of high finance?

The protest at St Paul’s was seen by an unexpectedly large number of people as the expression of a widespread and deep exasperation with the financial establishment that shows no sign at all of diminishing. There is still a powerful sense around – fair or not – of a whole society paying for the errors and irresponsibility of bankers; of messages not getting through; of impatience with a return to ‘business as usual’ – represented by still soaring bonuses and little visible change in banking practices.

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Vatican calls for global economy oversight

“To function correctly the economy needs ethics; and not just of any kind, but one that is people-centered,” the document states, paraphrasing an encyclical that Pope Benedict XVI issued in 2009 calling for greater social responsibility in the economy.

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