The Pope: Profit and Justice Must Go Together

September 24, 2007 (LPAC)--Pope Benedict XVI yesterday addressed the issue of financial profit and justice in his Angelus speech at Castelgandolfo. "Money is not dishonest in itself," the Pope said, commenting on Luke's parable of the dishonest manager, which was the Sunday Gospel reading. "It is the question of making a sort of ... conversion of economic goods: instead of using them for one's own interests, we must also think of the needs of the poor." Globally, "two economic logics face each other: the logic of profit and the logic of equal distribution of goods, which are not in contradiction between themselves, if their relationship is well ordered," the Pope said. "Catholic social doctrine has always insisted that equal distribution is a priority," he said in an implicit blow to free-market doctrines. He then quoted from John Paul's Encyclical Centesimus Annus, in which John Paul II said that "capitalism must not be considered as the unique valid model of economic organization. Famine and ecological emergencies are there to expose, with growing evidence, that the logic of profit, when it prevails, increases the gap between rich and poor and a ruinous exploitation of the planet."