Vatican City, Nov 11, 2019 / 07:01 am
Pope Francis Monday called for the renewal and purification of existing economic models to be fair, trustworthy, and capable of extending opportunities to all, not only a few.
“An inclusive capitalism that leaves no one behind, that discards none of our brothers or sisters, is a noble aspiration,” Pope Francis said Nov. 11 in the Vatican’s Apostolic Palace.
“A glance at recent history, in particular the financial crisis of 2008, shows us that a healthy economic system cannot be based on short-term profit at the expense of long-term productive, sustainable and socially responsible development and investment,” he said.
The pope met with members of the Council for Inclusive Capitalism, whose vision he said involves “overcoming an economy of exclusion and reducing the gap separating the majority of people from the prosperity enjoyed by the few.”