Pope Benedict XVI called for the establishment of a new form of global financial world, which is based on ethical and moral standards, dignity and the search for the good of all.
says the Pope's encyclical was published today, entitled Charity and Truth. In it Benedict XVI condemned the store thinking profit at all costs inherent in the modern economic system, and lamenting that greed led to the severe economic recession since the Great Depression, said Associated Press.
Profit is useful if it is only a means, he wrote. As soon as the profit becomes the sole purpose, if it is improperly obtained funds and, ultimately, has no benefit for society, it carries a risk of destruction of wealth and creating poverty.
Note that the document was released a day before the meeting the leaders of the Big Eight, which should serve as a coordination of efforts to combat the global financial crisis.
Business needs ethics rules to function correctly, but not for any ethical standards, and those in the center of which - the people, - written in the encyclical. According to Benedict XIV, one of the biggest difficulties facing the economy is the need to achieve the most efficient use, not abuse, of natural resources. He also condemned the fact that most search of cheap labor leads to a violation of the rights of workers, and encouraged them to form associations and unions for the protection of the rights and guarantees of permanent employment for all.
Today is expected to moderate the negative dynamics of Russian securities
On Tuesday, the Russian market has adjusted upward, coming to the closing levels of the previous day
The decline in the volatility of the Russian stock market reflects the absence of its new trading ideas
Europe: the fallof the leaders were oil companies
Fitch worsened outlook for the ratings of four Belarusian state bank
Armenia before the end of 2009 to attract international finorganizatsy credit for 295 million U.S.
Goldman Sachs stands to lose millions due to the theft of secret codes
The Government of Ukraine proposes to tighten control of advertising of drugs - a draft law
Good morning! Information Group Finam.ru and Investment Company FINAM welcome you to their site, and wish you good day!
Pope calls for new financial world order based on ethics
Pope Benedict XVI called for the establishment of a new form of global financial world, which is based on ethical and moral standards, dignity and the search for the good of all.
says the Pope's encyclical was published today, entitled Charity and Truth. In it Benedict XVI condemned the store thinking profit at all costs inherent in the modern economic system, and lamenting that greed led to the severe economic recession since the Great Depression, said Associated Press.
Profit is useful if it is only a means, he wrote. As soon as the profit becomes the sole purpose, if it is improperly obtained funds and, ultimately, has no benefit for society, it carries a risk of destruction of wealth and creating poverty.
Note that the document was released a day before the meeting the leaders of the Big Eight, which should serve as a coordination of efforts to combat the global financial crisis.
Business needs ethics rules to function correctly, but not for any ethical standards, and those in the center of which - the people, - written in the encyclical. According to Benedict XIV, one of the biggest difficulties facing the economy is the need to achieve the most efficient use, not abuse, of natural resources. He also condemned the fact that most search of cheap labor leads to a violation of the rights of workers, and encouraged them to form associations and unions for the protection of the rights and guarantees of permanent employment for all.
Today is expected to moderate the negative dynamics of Russian securities
On Tuesday, the Russian market has adjusted upward, coming to the closing levels of the previous day
The decline in the volatility of the Russian stock market reflects the absence of its new trading ideas
Europe: the fallof the leaders were oil companies
Fitch worsened outlook for the ratings of four Belarusian state bank
Armenia before the end of 2009 to attract international finorganizatsy credit for 295 million U.S.
Goldman Sachs stands to lose millions due to the theft of secret codes
The Government of Ukraine proposes to tighten control of advertising of drugs - a draft law
Good morning! Information Group Finam.ru and Investment Company FINAM welcome you to their site, and wish you good day!