Upcoming social encyclical to explain values and limitations of market economy, Pope says
Vatican City, Jun 14, 2009 / 07:28 am (CNA).- On Saturday Pope Benedict XVI explained that his upcoming encyclical will not be a massive criticism deeming the market economy to be responsible for the current global financial crisis. Rather, it will be a presentation of the values that have to be “promoted and defended tirelessly” to achieve “human coexistence in freedom and solidarity.”Pope Benedict made his comments while receiving participants in the international congress “Values and news for a new model of development,” organized by the Vatican Foundation “Centesimus Annus.”
The foundation was named after the last social encyclical of Pope John Paul II.
In his brief message, Pope Benedict revealed that his upcoming encyclical “Veritas in Caritate,” expected for June 29, will be dedicated to “the extensive issue of the economy and labor.”
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posted by Dr. Denice Hanley, DPM, M.Div. @ 10:05 AM
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