Loading...
Loading...
Click here if you don’t see subscription options
Catholic News ServiceJanuary 22, 2015

The world cannot wait for an economic system that will cause poverty to fix itself, Pope Francis said. “Markets and financial speculation cannot enjoy absolute autonomy,” he said. There must be “programs, mechanisms and procedures aimed at a better distribution of resources, job creation and the integral advancement of those who are excluded,” Pope Francis said in a recently published interview. “We cannot wait any longer to fix the structural causes of poverty, to cure our society from a disease that can only bring on new crises,” he said. While noting the positive outcomes of the current globalized economy in lifting many people from poverty, the pope said it also “condemned many others to die of hunger.” While globalization raised the level of global wealth, income disparity also increased and new forms of poverty have emerged, he said.

Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
Mike Evans
10 years 2 months ago
Upon whom will multi-national corporations trickle down next? The present precipitate drop in oil prices - is it a temporary aberration or a sign of a new trend in energy pricing? What does it say for global warming? Is there any consensus about dealing with poverty relief and its root causes? Or is the entire world in denial...

The latest from america

Chinese rescue workers stand at the site of a collapsed building in Mandalay, Myanmar, March 31, 2025, in the aftermath of a strong earthquake that struck three days earlier. People in Myanmar are in desperate need of humanitarian supplies and medical support as the death toll from the devastating earthquake that rocked central Myanmar continues to rise. (OSV News/Reuters)
“Hospitals are overwhelmed, and people are sleeping out on the streets, anywhere they can, in fields and playgrounds and religious compounds.”
Kevin ClarkeApril 02, 2025
As we enter into Holy Week, join America Media for a subscriber-only virtual event with James Martin, S.J., and ‘Jesuitical’ hosts Zac Davis and Ashley McKinless.
America StaffApril 01, 2025
“Having a sensory room in a place of worship is probably more important than anywhere else because everyone should feel welcome in their faith.”
Sean QuinnApril 01, 2025
Sports hasn't always been the most popular topic among America's editors and contributors—unless it was the Grand Old Game, baseball.
James T. KeaneApril 01, 2025