Make Text Larger Make Text Smaller Email this Article to a Friend Print this Article

Bertone blames "short term profit" seeking

Published: October 01, 2008

Holy See Secretary of State Cardinal Tarcisio Bertone has blamed the short term search for profit for the current financial crisis.

In a major speech on religion in a globalised world, Cardinal Bertone said on Tuesday the current financial crisis is the result of the search for short term profits as a goal in itself, and an example of what happens when basic rights and the common good are ignored, Associated Press reports.

"Politics and the market are not everything," Cardinal Bertone said.

They are, he said, a means but not an end. He said that when God is ignored, the ability to respect basic rights and recognise the common good fades away.

Addressing a meeting attended by Italian political and financial leaders, the cardinal assailed the search for short term profit, which, "virtually identified as a good in itself, ends up wiping out the profit."

Bertone recalled Benedict's recent trip to France, where the issue of religion in a country with a historic separation of church and state is a delicate topic.

"Christianity promotes values that should not be labeled as 'Catholic' and therefore one sided, acceptable only to those who share the same faith," Bertone said.

He said there were certain non-negotiable values, such as the promotion of life from conception to natural death, the protection of the family based on marriage between a man and a woman and the education of children.

"Human nature doesn't change with parliamentary majorities," Bertone said, "and not even with the passing of time, with the changing of latitude or longitude."

Meanwhile, addressing another conference, Bishop Giampaolo Crepaldi, secretary of the Pontifical Council for Justice and Peace said that Catholics need to wake up when it comes to politics, and stop leaving "God in the pew".

Bishop Crepaldi backed Pope Benedict's call earlier this month for "the birth of a new generation of Christians involved in society and politics."

He said the pope's call was addressed to the Christian communities "who, as far as the formation of new generations involved in society and politics is concerned, seem to be falling asleep."

The bishop explained the need for Catholic laity involved in politics in the context of the "the idea, perhaps unexpressed, that secularisation is an unstoppable process, a kind of 'destiny' of the West if not the entire planet."

Secularisation, as God's ejection from the world to the point that he ceases to speak to it, is not the destiny of modernity," the bishop remarked. He noted that this is precisely "the principal challenge" that Pope John Paul II faced, and that Benedict XVI is currently confronting. "We must confidently join them as real protagonists."  

SOURCE

Vatican No. 2 blasts search for quick profits (Associated Press, 30/9/08)

Vatican Calls Lay Faithful to Effective Political Action (Zenit, 30/9/08)

 

 

Response to articles is welcome. Simply follow the prompts to post your comment. No posting of more than 250 words will be published. While critical comment on stories and issues is welcomed, postings that descend to personal attacks on or impugn the integrity of other commentators will be blocked. Please use your own name, or initials, eg John Brown, or JB, or JAB, or Johnny. You are also required to add your location - as in, Sunshine, Victoria. Please provide your email address in the line supplied, followed by your contact phone number. These are requested for identification purposes only and will not be published. If you have any problems, please email news@cathnews.com


 


Recent Comments

  1. It doesn't seem very hard to see that part of the financial crisis is a direct result of usury, and the sidelining of the Church's constant teaching against it. I wonder whether we are going to see a re-examination in this light of scholastic economic thought.

  2. Neither political party in the U.S. represents our Christian faith. Neither can our Christian faith be legislated. "The love of money is the root of all evil", including abortion.

    Ezekiel 16:49-50: Behold, this was the iniquity of thy sister Sodom, pride, fulness of bread, and abundance of idleness was in her and in her daughters, neither did she strengthen the hand of the poor and needy. And they were haughty, and committed abomination before me: therefore I took them away."

    Everyone of us needs the transformation of our Lord Jesus Christ if anything is to change in our country.

  3. We cannot continue to ignore the very principles and values our country was founded on by our forefathers; God's protection of our country was invoked in every law formation, political mtg, family gathering, etc....We have tried to push Him out and replace His commandments with secularism, greed, and material wealth...We are now reaping the consequences of our actions...If the Democrats take office we will certainly seal our fate..."A country who KILLS its own, has NO HOPE of survival" JP11, the Great!

  4. I agree with Cardinal Bertone, however it is only part of the equation.

    The need for restraint by the consumer is also important. Credit has been abused and common sense ignored for hedonisitic purposes of living "The Good Life" So there is plenty of blame to go around.

  5. The real main cause of the scandal were politicians who literally gave money away to people who could never ever pay it back. These politicians did this for votes. This is as short sighted as those who profited from it. Bill Clinton, Barney Frank, Chrisopher Dodd, Barack Obama, Maxine Watters and others gained from this and yet they will be rewarded. God Help Us!

  6. The leftist MSM, the Liberal Socialists Politicians and the herd of Wall Street Merchants, betrayed the trust conceded to them by the hard working American citizens. Not only do they not feel sorry for what they did, but they demand more money and more trust. What a farce !. All these years they tried to get rid of God , they laughed at Him and they laughed at the people who are faithful to Him. They are not going to succeed, because it is written that God cannot be MOCKED. .

  7. Too much blame is being given by 'conservatives' and neo-cons towards the poor and the less informed who signed up for those home loans they had not real chance to repay.
    To my way of thinking, governments also have responsibility to ensure that regulations about informed consent and also about loan size to risk and debt servicing ratios be mandated. The banks and mortgage originators also are most culpable as they knew they were breaking all the basics of lending ie the LVR and DSR standards for proper lending.

Bookmark and Share

More from this section

  1. Vatican solar panels installed

    As Pope Benedict again called on young people to defend nature from a "correct ecological perspective", the first solar panels have been installed on the Paul VI auditorium at the Vatican.

  2. New norms for religious studies institutes

    The Vatican Congregation for Catholic Education has released new norms for religious education institutes in an effort to guarantee the quality of education and to facilitate international recognition of degrees.

  3. Humility the hallmark of John Paul I: Benedict recalls

    Noting the 30th anniversary yesterday of the death of Pope John Paul I, Pope Benedict yesterday called on Catholics to cultivate the late pontiff's humility.

  4. Pope warns on terror laws

    Anti-terrorism laws should not be unjust or inhumane, Pope Benedict warned yesterday.

  5. Pilgrimage continues for 974

    Thirty one Sydney World Youth Day pilgrims whose visas have expired are still in Australia in a total of 974 pilgrims who have not yet left the country.

Church Resources provides a range of services for the Church and not-for-profit sector, including aggregating buying power for a wide range of products and services used by health, welfare, aged care, education and parish organisations. More »

Mass streamed live daily

From Our Lady of the Rosary Cathedral, Waitara, in the Broken Bay Diocese.
Weekdays live at 9.30am
Saturdays live 9.30am (followed by Adoration and Benediction)
Sundays live 9.30am
Click on this link at the appropriate time to connect.

Subscribe

To receive headlines from our faith-based news services, please subscribe below.

Email address

Newsletter


 

News Feed

Subscribe to the CathNews RSS feed to get the daily edition automatically delivered to you.
Subscribe to Faith Project RSS.