Pope Benedict XVI: Businesses Can Produce Social Wealth

Businesses Can Produce Social Wealth

Business can be viable and produce 'social wealth' if business people and managers are guided by a far-sighted vision, one that prefers long-term investment to speculative profit, and that promotes innovation rather than thinking only to accumulate wealth". Benedict XVI reiterated this in his speech to industrialists in Rome. "Development, in whatever sector of human existence, also means openness to the transcendent, to the spiritual dimension of life, to trust in God, to love, to fraternity, to acceptance, to justice and to peace". We need to ask ourselves about the coherence between the goals for which we strive and the means we use. To face the economic crisis, the Pope said, we must focus on soci ...