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Pope Francis

Pope appoints new secretary of the Congregation for the Doctrine of the Faith

July 18, 2017. The pope has named Italian biblical scholar Giacomo Morandi, 51, as secretary of the Congregation for the Doctrine of the Faith. Up until now he served as undersecretary, and will replace Luis Ladaria, who Pope Francis named prefect on July 1.
Pope Francis

Full text of pope's message to G20

July 7, 2017. Pope Francis sent a message to the G20, addressed to German Chancellor, Angela Merkel, for authorities of major world economies from America and the European Union. In it, the pope proposed four steps of action to build "fraternal, just and peaceful societies,” as referred to in his Apostolic Exhortation, Evangelii Gaudium.
Pope Francis

Pope Francis approves the following 8 decrees for the Causes of Saints

July 7, 2017. Cardinal Angelo Amato, D.B., Prefect of the Congregation of Causes of Saints, and the pope authorized the following eight decrees for the Causes of Saints:
Pope Francis

Pope Francis makes 50,000 Euro donation to Greek island of Lesbos following earthquake

July 4, 2017. Pope Francis has made a 50,000 Euro donation to the Greek island of Lesbos following a 6.3 magnitude earthquake on June 12.
Pope Francis

Names of archbishops to receive pallium from Pope Francis

June 28, 2017. On June 29, the Feast of Sts. Peter and Paul, Pope Francis will bless the palliums of the Metropolitan Archbishops. This year, 36 have been appointed. The list is as followed
Vatican

Vatican comments on situation of missing Chinese Bishop Shao Zhumin

June 26, 2017. Bishop Peter Shao Zhumin, from Wenzhou in Continental China, was taken into custody by Chinese police on Easter weekend 2017. While recognized as a bishop in the Catholic Church, he is an unofficial bishop or "underground” in China, since the Chinese government does not recognize him as religious.
Pope Francis

Pope Francis' complete schedule for Colombia trip

June 23, 2017. He will go to Colombia September 6-11.

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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