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Towards Reforming ENG

Towards Reforming ENG

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Published by: prpust on Nov 08, 2011
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1
Pontifical Council for Justice and Peace
TOWARDS REFORMINGTHE INTERNATIONAL FINANCIAL AND MONETARY SYSTEMSIN THE CONTEXT OF GLOBAL PUBLIC AUTHORITY
Vatican City2011
 
2
Table of Contents
PrefacePresupposition
 
1.
 
 Economic Development and Inequalities2.
 
The Role of Technology and the Ethical Challenge3.
 
 An Authority over Globalization4.
 
Towards Reforming the International Financial and Monetary Systems in a waythat Responds to the Needs of all PeoplesConclusions
 
3
Preface
“The world situation requires the concerted effort of everyone, athorough examination of every facet of the problem – social,economic, cultural and spiritual. The Church, which has longexperience in human affairs and has no desire to be involved in thepolitical activities of any nation, ‘seeks but one goal: to carry forwardthe work of Christ under the lead of the befriending Spirit. And Christentered this world to give witness to the truth; to save, not to judge; toserve, not to be served’”.
1
 With these words, in the prophetic and always relevant Encyclical
Populorum Progressio
of 1967, Pope Paul VI outlined in a clear way“the trajectories” of the Church’s close relation with the world. Thesetrajectories or perspectives intersect with the perspectives of othersoutside the Church in the profound value of human dignity and thequest for the common good, which make people responsible and freeto act according to their highest aspirations.The economic and financial crisis which the world is going throughsummons everyone, as individuals and peoples, to examine in depththe principles and the cultural and moral values that underlie socialcoexistence. What is more, the crisis engages private actors andcompetent public authorities on the national, regional andinternational level in serious reflection on causes and on solutions of a political, economic and technical nature.In this perspective, as Pope Benedict XVI teaches, the crisis “obligesus to re-plan our journey, to set ourselves new rules and to discovernew forms of commitment, to build on positive experiences and toreject negative ones. The crisis thus becomes
an opportunity for discernment, in which to shape a new vision for the future
. In thisspirit, with confidence rather than resignation, it is appropriate toaddress the difficulties of the present time”.
2
 The G20 leaders themselves said in the
Statement 
they adopted inPittsburgh in 2009: “The economic crisis demonstrates theimportance of ushering in a new era of sustainable global economicactivity grounded in responsibility”.
3
 The Pontifical Council for Justice and Peace now responds to theHoly Father’s appeal, while making the concerns of everyone ourown, especially the concerns of those who pay most dearly for the
1 P
AUL
VI, Encyclical Letter
Populorum Progressio
, No. 13.2 B
ENEDICT
XVI, Encyclical Letter
Caritas in Veritate
, No. 21.3
Leaders’ Statement,
The Pittsburgh Summit, 24-25 September 2009, Annex, 1.

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