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Bruno Marie Duffé, new secretary of the Department for Integral Development

June 16, 2017. Thepope has named French priest Bruno Marie Duffé, from Lyon, number two of the Dicastery for Promoting Integral Human Development. He will be in charge of one of the key offices in the Vatican Curia.
Pope Francis

Angela Merkel to meet with pope on June 17

June 9, 2017. The Vatican has confirmed that on Saturday, June 17, German Chancellor Angela Merkel will meet with Pope Francis. Both have previously met in Rome in May 2016, February 2015 and May 2013, two months after Pope Francis was elected pontiff.
Pope Francis

Pope Francis to meet with Venezuelan bishops on June 8

June 5, 2017. Pope Francis will meet with Venezuelan bishops next Thursday to discuss the situation their country is facing.
Vatican

New secretary of the Dicastery for Laity, Family and Life

May 31, 2017. The Brazilian priest Alexandre Awi Mello, the National Director of Brazil's Schönstatt Movement, will serve as the new secretary. He was born Rio de Janeiro in 1971, and ordained a priest in 2001.
Pope Francis

Pope sends condolences and solidarity to Cairo after bus attack

May 26, 2017. Secretary of State, Pietro Parolin, wrote a letter to His Excellency Abdel Fattah Al Sisi after the bus attack Friday in Cairo, which left close to 30 Coptic Christians dead, including children, and many others injured.

2015 Nobel Prize in Economics: “Inequality derived from crony capitalism is a cancer”

2016-11-29

The 2015 Nobel Prize in Economics, Angus Deaton, criticized people who get rich "not by creating anything, but by taking away from everyone else.”

He said so in a conference organized by the Vatican, called "Towards a more human and just economy.” In a speech that brought to mind Pope Francis' views on economics, he said that the rich are getting richer, and the poor are getting poorer at an alarming rate. 

PROF. ANGUS DEATON
2015 Nobel Prize in Economics
"Income inequality is rising rapidly in many rich countries and in many poor countries. In many places, the benefits of economic growth are accruing to a tiny minority who are already greatly advantaged.”

Deaton said there is good inequality and bad inequality. Good inequality is a product of people who get rich by inventing things that make the world a better place. The problem, on the other hand, is negative inequality:

PROF. ANGUS DEATON
2015 Nobel Prize in Economics
"One that is driven by the unproductive rent-seeking of those who are already rich and powerful. Those people get rich not by creating anything, but by taking away from everyone else. The inequality that comes from this kind of crony capitalism is a cancer that threatens us all.”

These words are very much in line with many of the Pope Francis' views on economy, in particular his criticism of people who try to acquire wealth just for the sake of it or because they place what he calls the "god of money” at the center.

POPE FRANCIS
July 31, 2016
"When the center of the global economy is the god of money and not people – men and women – this is already the first terrorism. You have cast out the wonder of creation – man and woman – and you have put money in its place. This is a basic terrorism against all of humanity! Think about it!" 

While he is critical of some of the side effects of globalization, Angus Deaton spoke harshly against those who choose to forsake globalization altogether, and he specifically mentioned Donald Trump and Brexit supporters. 


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